FAT Brands Inc. (NASDAQ:FAT) Short Interest Update

FAT Brands Inc. (NASDAQ:FAT) was the target of a significant increase in short interest during the month of December. As of December 31st, there was short interest totalling 74,700 shares, an increase of 11.2% from the December 15th total of 67,200 shares. Based on an average daily volume of 19,800 shares, the short-interest ratio is presently 3.8 days. Currently, 1.6% of the company’s shares are sold short.

FAT Brands Trading Up 2.2 %

Shares of FAT stock traded up $0.12 on Monday, reaching $5.49. 79,770 shares of the company’s stock were exchanged, compared to its average volume of 15,717. The company’s fifty day simple moving average is $5.39 and its 200 day simple moving average is $5.20. The stock has a market capitalization of $93.93 million, a PE ratio of -0.60 and a beta of 1.80. FAT Brands has a 52 week low of $4.51 and a 52 week high of $9.48.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings data on Wednesday, October 30th. The company reported ($2.74) EPS for the quarter, missing the consensus estimate of ($1.88) by ($0.86). The business had revenue of $143.37 million during the quarter, compared to the consensus estimate of $159.85 million. During the same quarter in the prior year, the firm earned ($1.59) EPS. As a group, sell-side analysts predict that FAT Brands will post -10.23 earnings per share for the current fiscal year.

FAT Brands Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were issued a dividend of $0.14 per share. The ex-dividend date was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 10.20%. FAT Brands’s dividend payout ratio is currently -6.07%.

Institutional Trading of FAT Brands

Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Divisadero Street Capital Management LP boosted its holdings in shares of FAT Brands by 22.4% in the 2nd quarter. Divisadero Street Capital Management LP now owns 175,428 shares of the company’s stock valued at $900,000 after buying an additional 32,048 shares in the last quarter. Legacy Financial Advisors Inc. purchased a new stake in FAT Brands during the second quarter valued at approximately $103,000. Finally, FNY Investment Advisers LLC acquired a new stake in FAT Brands in the fourth quarter valued at approximately $85,000. Institutional investors own 6.90% of the company’s stock.

About FAT Brands

FAT Brands Inc, a multi-brand restaurant franchising company, acquires, develops, markets, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. It owns restaurant brands, including Round Table Pizza, Marble Slab Creamery, Great American Cookies, Hot Dog on a Stick, Pretzelmaker, Fazoli's, Fatburger, Johnny Rockets, Elevation Burger, Yalla Mediterranean, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Ponderosa Steakhouse/Bonanza Steakhouse, Native Grill & Wings, Smokey Bones, and Twin Peaks.