Short Interest in FAT Brands Inc. (NASDAQ:FAT) Grows By 11.2%

FAT Brands Inc. (NASDAQ:FAT) was the target of a significant growth in short interest in 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 trading volume, of 19,800 shares, the short-interest ratio is presently 3.8 days. Currently, 1.6% of the shares of the company are sold short.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in FAT. FNY Investment Advisers LLC acquired a new position in FAT Brands in the fourth quarter valued at approximately $85,000. Legacy Financial Advisors Inc. purchased a new position in shares of FAT Brands during the 2nd quarter valued at approximately $103,000. Finally, Divisadero Street Capital Management LP lifted its stake 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 purchasing an additional 32,048 shares during the period. 6.90% of the stock is currently owned by institutional investors and hedge funds.

FAT Brands Price Performance

FAT Brands stock traded up $0.12 during trading hours on Monday, hitting $5.49. 79,770 shares of the stock traded hands, compared to its average volume of 15,717. The firm’s 50 day moving average price is $5.39 and its 200-day moving average price is $5.20. The stock has a market capitalization of $93.93 million, a price-to-earnings ratio of -0.60 and a beta of 1.80. FAT Brands has a 1 year low of $4.51 and a 1 year high of $9.48.

FAT Brands (NASDAQ:FAT) last issued its 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 during the quarter, compared to analysts’ expectations of $159.85 million. During the same quarter in the prior year, the company posted ($1.59) EPS. Research analysts forecast that FAT Brands will post -10.23 earnings per share for the current fiscal year.

FAT Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors 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 annualized dividend and a dividend yield of 10.20%. FAT Brands’s dividend payout ratio (DPR) is presently -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.