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

FAT Brands Inc. (NASDAQ:FATBB) was the recipient of a significant increase in short interest during the month of July. As of July 31st, there was short interest totalling 500 shares, an increase of 150.0% from the July 15th total of 200 shares. Based on an average trading volume of 1,900 shares, the short-interest ratio is presently 0.3 days. Approximately 0.1% of the shares of the company are sold short.

FAT Brands Stock Down 14.8 %

FATBB traded down $0.83 on Thursday, reaching $4.76. The company had a trading volume of 8,663 shares, compared to its average volume of 1,931. FAT Brands has a 1 year low of $4.57 and a 1 year high of $8.70. The stock has a market capitalization of $77.83 million, a PE ratio of -0.84 and a beta of 0.90. The stock has a 50-day moving average price of $5.01 and a 200-day moving average price of $5.92.

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 company had revenue of $152.04 million for the quarter.

FAT Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Stockholders of record on Thursday, August 15th will be issued a $0.14 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.76%. FAT Brands’s payout ratio is -9.08%.

Institutional Investors Weigh In On FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC bought a new stake in FAT Brands Inc. (NASDAQ:FATBB) in the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor bought 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.