FAT Brands Inc. (NASDAQ:FATBB – Get Free Report) was the target of a significant drop in short interest in August. As of August 31st, there was short interest totalling 100 shares, a drop of 96.6% from the August 15th total of 2,900 shares. Approximately 0.0% of the shares of the stock are sold short. Based on an average daily trading volume, of 1,300 shares, the days-to-cover ratio is presently 0.1 days.
Institutional Inflows and Outflows
A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC bought a new position in FAT Brands Inc. (NASDAQ:FATBB – Free Report) in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 6,849 shares of the company’s stock, valued at approximately $32,000.
FAT Brands Stock Down 0.4 %
Shares of NASDAQ FATBB traded down $0.02 during midday trading on Thursday, reaching $4.58. 1,853 shares of the company were exchanged, compared to its average volume of 2,015. FAT Brands has a one year low of $4.55 and a one year high of $8.35. The stock has a market cap of $74.88 million, a P/E ratio of -0.75 and a beta of 0.89. The stock’s 50-day moving average price is $4.98 and its 200-day moving average price is $5.57.
FAT Brands Announces Dividend
The business also recently announced a quarterly dividend, which was paid on Friday, August 30th. Investors of record on Thursday, August 15th were issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 12.23%. The ex-dividend date of this dividend was Thursday, August 15th. FAT Brands’s payout ratio is presently -9.08%.
FAT Brands Company Profile
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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