Short Interest in FAT Brands Inc. (NASDAQ:FATBB) Rises By 300.0%

FAT Brands Inc. (NASDAQ:FATBB) was the target of a large growth in short interest in 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. Based on an average daily trading volume, of 1,600 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the company’s shares are sold short.

FAT Brands Price Performance

FATBB traded down $0.17 during trading on Friday, hitting $4.82. 145 shares of the stock traded hands, compared to its average volume of 2,017. The firm has a market capitalization of $78.81 million, a P/E ratio of -0.81 and a beta of 0.89. The firm has a 50-day moving average of $4.97 and a 200 day moving average of $5.40. FAT Brands has a 12-month low of $4.49 and a 12-month high of $8.35.

FAT Brands (NASDAQ:FATBB) last announced its quarterly 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 Announces Dividend

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

Institutional Inflows and Outflows

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) in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 6,849 shares of the company’s stock, valued at approximately $32,000.

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.