Short Interest in FAT Brands Inc. (NASDAQ:FAT) Declines By 34.6%

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) saw a large decline in short interest in the month of February. As of February 28th, there was short interest totalling 135,000 shares, a decline of 34.6% from the February 13th total of 206,300 shares. Based on an average daily trading volume, of 53,200 shares, the days-to-cover ratio is presently 2.5 days. Approximately 2.7% of the company's shares are short sold.

Institutional Inflows and Outflows

An institutional investor recently bought a new position in FAT Brands stock. FNY Investment Advisers LLC bought a new position in shares of FAT Brands Inc. (NASDAQ:FAT - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 16,069 shares of the company's stock, valued at approximately $85,000. FNY Investment Advisers LLC owned approximately 0.09% of FAT Brands as of its most recent filing with the SEC. 6.90% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Separately, Loop Capital decreased their target price on FAT Brands from $15.00 to $12.00 and set a "buy" rating for the company in a research report on Tuesday, March 4th.

FAT Brands Stock Down 1.8 %

Shares of FAT traded down $0.06 on Wednesday, hitting $3.06. The company's stock had a trading volume of 12,138 shares, compared to its average volume of 31,579. The firm has a market capitalization of $54.52 million, a price-to-earnings ratio of -0.34 and a beta of 1.83. The firm's fifty day moving average price is $4.16 and its 200-day moving average price is $4.83. FAT Brands has a fifty-two week low of $2.90 and a fifty-two week high of $8.00.

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FAT Brands (NASDAQ:FAT - Get Free Report) last released its earnings results on Thursday, February 27th. The company reported ($4.06) EPS for the quarter, missing the consensus estimate of ($2.68) by ($1.38). The business had revenue of $145.28 million during the quarter, compared to analysts' expectations of $157.45 million. As a group, equities analysts predict that FAT Brands will post -10.23 earnings per share for the current fiscal year.

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.