FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) was the target of a significant increase in short interest in October. As of October 15th, there was short interest totalling 2,600 shares, an increase of 271.4% from the September 30th total of 700 shares. Based on an average daily volume of 6,400 shares, the days-to-cover ratio is presently 0.4 days. Currently, 0.6% of the company's stock are short sold.
Institutional Investors Weigh In On FAT Brands
A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC purchased a new stake in shares of FAT Brands Inc. (NASDAQ:FATBB - Free Report) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 6,849 shares of the company's stock, valued at approximately $32,000.
FAT Brands Stock Performance
Shares of FAT Brands stock traded up $0.07 during midday trading on Friday, hitting $4.52. The company had a trading volume of 827 shares, compared to its average volume of 3,868. FAT Brands has a 52-week low of $4.33 and a 52-week high of $8.35. The company has a 50 day moving average of $4.84 and a 200 day moving average of $5.16. The stock has a market capitalization of $73.90 million, a P/E ratio of -0.73 and a beta of 0.90.
FAT Brands (NASDAQ:FATBB - Get Free Report) last announced its quarterly earnings results on Wednesday, July 31st. The company reported ($1.93) earnings per share for the quarter. The company had revenue of $152.04 million for the quarter.
FAT Brands Company Profile
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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.
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