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

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant growth in short interest during the month of September. As of September 15th, there was short interest totalling 400 shares, a growth of 300.0% from the August 31st total of 100 shares. Approximately 0.1% of the company’s stock are short sold. Based on an average daily trading volume, of 1,600 shares, the days-to-cover ratio is currently 0.3 days.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC purchased a new position in FAT Brands Inc. (NASDAQ:FATBB) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor purchased 6,849 shares of the company’s stock, valued at approximately $32,000.

FAT Brands Stock Down 3.4 %

FAT Brands stock traded down $0.17 during midday trading on Friday, hitting $4.82. 145 shares of the stock were exchanged, compared to its average volume of 2,017. FAT Brands has a 52-week low of $4.49 and a 52-week high of $8.35. The stock has a market capitalization of $78.81 million, a price-to-earnings ratio of -0.81 and a beta of 0.89. The business’s 50-day moving average price is $4.97 and its 200-day moving average price is $5.40.

FAT Brands (NASDAQ:FATBB) last released its earnings results on Wednesday, July 31st. The company reported ($1.93) earnings per share for the quarter. The business had revenue of $152.04 million for the quarter.

FAT Brands Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a dividend of $0.14 per share. This represents a $0.56 dividend on an annualized basis and a yield of 11.62%. The ex-dividend date was Thursday, August 15th. FAT Brands’s dividend payout ratio (DPR) is presently -9.08%.

About FAT Brands

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.