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

FAT Brands Inc. (NASDAQ:FAT) saw a large increase in short interest during the month of April. As of April 30th, there was short interest totalling 44,600 shares, an increase of 18.3% from the April 15th total of 37,700 shares. Based on an average trading volume of 17,000 shares, the short-interest ratio is currently 2.6 days. Currently, 1.0% of the shares of the stock are sold short.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FAT Brands stock. Simplicity Wealth LLC purchased a new position in shares of FAT Brands Inc. (NASDAQ:FAT) during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 10,928 shares of the company’s stock, valued at approximately $83,000. Simplicity Wealth LLC owned about 0.07% of FAT Brands as of its most recent SEC filing. 6.90% of the stock is currently owned by hedge funds and other institutional investors.

FAT Brands Trading Down 2.9 %

FAT stock traded down $0.16 during mid-day trading on Thursday, reaching $5.36. The company’s stock had a trading volume of 60,161 shares, compared to its average volume of 25,941. The stock has a market cap of $84.31 million, a PE ratio of -0.87 and a beta of 1.82. FAT Brands has a fifty-two week low of $5.14 and a fifty-two week high of $9.48. The company’s 50 day moving average is $7.29 and its two-hundred day moving average is $7.08.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings results on Thursday, March 7th. The company reported ($1.68) EPS for the quarter, missing the consensus estimate of ($1.55) by ($0.13). The business had revenue of $158.64 million for the quarter, compared to the consensus estimate of $150.00 million. On average, analysts forecast that FAT Brands will post -8.08 earnings per share for the current fiscal year.

FAT Brands Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, May 31st. Stockholders of record on Wednesday, May 15th will be issued a $0.14 dividend. The ex-dividend date of this dividend is Tuesday, May 14th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.45%. FAT Brands’s payout ratio is currently -9.08%.

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.