FAT Brands Inc. (NASDAQ:FAT) Sees Large Growth in Short Interest

FAT Brands Inc. (NASDAQ:FAT) was the recipient of a large increase in short interest during the month of February. As of February 15th, there was short interest totalling 206,300 shares, an increase of 105.9% from the January 31st total of 100,200 shares. Based on an average daily trading volume, of 48,200 shares, the days-to-cover ratio is currently 4.3 days. Approximately 4.2% of the shares of the stock are short sold.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Northern Trust Corp lifted its holdings in shares of FAT Brands Inc. (NASDAQ:FAT) by 63.1% during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 31,751 shares of the company’s stock after purchasing an additional 12,287 shares during the quarter. Northern Trust Corp owned about 0.19% of FAT Brands worth $169,000 as of its most recent SEC filing. 6.90% of the stock is owned by hedge funds and other institutional investors.

FAT Brands Trading Down 4.1 %

Shares of NASDAQ FAT traded down $0.14 during trading on Friday, reaching $3.29. The company had a trading volume of 53,811 shares, compared to its average volume of 69,118. The stock has a market capitalization of $56.28 million, a PE ratio of -0.36 and a beta of 1.82. FAT Brands has a twelve month low of $3.27 and a twelve month high of $9.13. The stock has a 50-day moving average price of $4.67 and a two-hundred day moving average price of $5.00.

FAT Brands (NASDAQ:FAT) last released its earnings results on Thursday, February 27th. The company reported ($4.06) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.68) by ($1.38). The business had revenue of $145.28 million for the quarter, compared to the consensus estimate of $157.45 million. On average, sell-side analysts predict that FAT Brands will post -10.23 EPS for the current year.

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.