FAT Brands Inc. (NASDAQ:FAT) Sees Significant Growth in Short Interest

FAT Brands Inc. (NASDAQ:FAT) was the target of a large growth in short interest during the month of December. As of December 31st, there was short interest totalling 74,700 shares, a growth 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 currently 3.8 days. Approximately 1.6% of the company’s shares are short sold.

Institutional Trading of FAT Brands

Several institutional investors and hedge funds have recently made changes to their positions in the business. FNY Investment Advisers LLC bought a new stake in shares of FAT Brands during the fourth quarter valued at approximately $85,000. Legacy Financial Advisors Inc. purchased a new position in FAT Brands during the 2nd quarter worth $103,000. Finally, Divisadero Street Capital Management LP raised its position in FAT Brands by 22.4% during the 2nd quarter. Divisadero Street Capital Management LP now owns 175,428 shares of the company’s stock valued at $900,000 after purchasing an additional 32,048 shares in the last quarter. 6.90% of the stock is currently owned by institutional investors.

FAT Brands Stock Performance

NASDAQ FAT traded up $0.12 on Monday, hitting $5.49. 79,770 shares of the stock were exchanged, compared to its average volume of 15,717. FAT Brands has a 52-week low of $4.51 and a 52-week high of $9.48. The firm has a market capitalization of $93.93 million, a P/E ratio of -0.60 and a beta of 1.80. The stock has a fifty day moving average price of $5.39 and a two-hundred day moving average price of $5.20.

FAT Brands (NASDAQ:FAT) last released its quarterly earnings results on Wednesday, October 30th. The company reported ($2.74) EPS for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.86). The company had revenue of $143.37 million for the quarter, compared to analysts’ expectations of $159.85 million. During the same period in the previous year, the company posted ($1.59) earnings per share. Sell-side analysts expect that FAT Brands will post -10.23 earnings per share for the current fiscal year.

FAT Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.14 dividend. 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 payout ratio is -6.07%.

FAT Brands Company Profile

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.