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

FAT Brands Inc. (NASDAQ:FAT) saw a significant growth in short interest in the month of January. As of January 30th, there was short interest totaling 2,360,734 shares, a growth of 114.2% from the January 15th total of 1,101,866 shares. Currently, 15.6% of the shares of the stock are short sold. Based on an average trading volume of 20,502,225 shares, the short-interest ratio is currently 0.1 days. Based on an average trading volume of 20,502,225 shares, the short-interest ratio is currently 0.1 days. Currently, 15.6% of the shares of the stock are short sold.

Hedge Funds Weigh In On FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Citadel Advisors LLC lifted its position in shares of FAT Brands Inc. (NASDAQ:FAT) by 105.1% in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 30,473 shares of the company’s stock after buying an additional 15,617 shares during the period. Citadel Advisors LLC owned approximately 0.17% of FAT Brands worth $59,000 as of its most recent filing with the Securities and Exchange Commission (SEC). Institutional investors and hedge funds own 6.90% of the company’s stock.

FAT Brands Price Performance

Shares of NASDAQ:FAT remained flat at $0.16 during midday trading on Friday. FAT Brands has a 52 week low of $0.14 and a 52 week high of $4.01. The stock has a market cap of $2.92 million, a P/E ratio of -0.01 and a beta of 1.34. The business has a 50 day simple moving average of $0.34 and a 200 day simple moving average of $1.23.

FAT Brands (NASDAQ:FAT) last issued its earnings results on Wednesday, November 5th. The company reported ($3.39) earnings per share (EPS) for the quarter, missing the consensus estimate of ($2.43) by ($0.96). The business had revenue of $140.01 million during the quarter, compared to the consensus estimate of $144.90 million. Equities research analysts expect that FAT Brands will post -10.23 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

Several equities research analysts have commented on FAT shares. Weiss Ratings reiterated a “sell (e+)” rating on shares of FAT Brands in a research note on Thursday, January 22nd. Noble Financial downgraded FAT Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, December 1st. One analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and an average target price of $10.00.

FAT Brands Company Profile

FAT Brands is a global restaurant franchising company that owns and operates a diversified portfolio of quick-service and casual dining concepts. The company’s business model centers on acquiring established restaurant brands and expanding their reach through franchise relationships, corporate-owned locations and strategic partnerships. FAT Brands focuses on leveraging centralized support services—such as marketing, real estate, supply chain and technology infrastructure—to drive growth and profitability across its portfolio.

The company’s primary brands include Fatburger, a California-style burger chain known for its made-to-order hamburgers; Johnny Rockets, an American diner concept famed for its retro ambiance and milkshakes; Hurricane Grill & Wings, which specializes in wings with a variety of sauces and tropical ribs; Round Table Pizza, celebrated for its premium pizzas and “premium” crust; Elevation Burger, an organic, grass-fed burger franchise; and Twin Peaks, a sports-lodge concept offering made-from-scratch food and craft beverages.