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

FAT Brands logo with Retail/Wholesale background

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) was the target of a large increase in short interest during the month of December. As of December 31st, there was short interest totalling 74,700 shares, an increase 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. Currently, 1.6% of the company's shares are short sold.

FAT Brands Stock Up 2.2 %

Shares of FAT traded up $0.12 during trading on Monday, reaching $5.49. 79,770 shares of the company traded hands, compared to its average volume of 15,717. FAT Brands has a twelve month low of $4.51 and a twelve month high of $9.48. The stock has a 50-day simple moving average of $5.39 and a 200-day simple moving average of $5.20. The stock has a market cap of $93.93 million, a PE ratio of -0.60 and a beta of 1.80.

FAT Brands (NASDAQ:FAT - Get Free Report) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($2.74) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.88) by ($0.86). The business had revenue of $143.37 million for the quarter, compared to the consensus estimate of $159.85 million. During the same quarter in the previous year, the business earned ($1.59) EPS. On average, equities research analysts predict that FAT Brands will post -10.23 EPS for the current year.

FAT Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were paid a dividend of $0.14 per share. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.20%. FAT Brands's payout ratio is -6.07%.

Institutional Trading of FAT Brands

Hedge funds have recently added to or reduced their stakes in the company. Divisadero Street Capital Management LP raised its stake in FAT Brands by 22.4% in the second quarter. Divisadero Street Capital Management LP now owns 175,428 shares of the company's stock valued at $900,000 after buying an additional 32,048 shares in the last quarter. Legacy Financial Advisors Inc. acquired a new stake in shares of FAT Brands during the 2nd quarter worth about $103,000. Finally, FNY Investment Advisers LLC purchased a new stake in FAT Brands during the fourth quarter worth approximately $85,000. Institutional investors and hedge funds own 6.90% of the company's stock.

FAT Brands Company Profile

(Get Free Report)

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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This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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