FAT Brands Inc. (NASDAQ:FAT) Short Interest Up 18.3% in April

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) was the target of a significant growth in short interest in the month of April. As of April 30th, there was short interest totalling 44,600 shares, a growth of 18.3% from the April 15th total of 37,700 shares. Approximately 1.0% of the shares of the company are sold short. Based on an average trading volume of 17,000 shares, the days-to-cover ratio is presently 2.6 days.

Hedge Funds Weigh In On FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Simplicity Wealth LLC bought a new position in FAT Brands Inc. (NASDAQ:FAT - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm bought 10,928 shares of the company's stock, valued at approximately $83,000. Simplicity Wealth LLC owned 0.07% of FAT Brands as of its most recent filing with the Securities and Exchange Commission. 6.90% of the stock is owned by hedge funds and other institutional investors.

FAT Brands Stock Performance

FAT Brands stock traded down $0.08 during midday trading on Thursday, hitting $5.44. 69,436 shares of the company's stock were exchanged, compared to its average volume of 26,055. The stock has a market cap of $85.57 million, a price-to-earnings ratio of -0.88 and a beta of 1.82. FAT Brands has a 12-month low of $5.14 and a 12-month high of $9.48. The firm's 50 day simple moving average is $7.23 and its 200 day simple moving average is $7.07.

FAT Brands (NASDAQ:FAT - Get Free Report) last released its quarterly earnings results on Thursday, March 7th. The company reported ($1.68) earnings per share (EPS) for the quarter, missing analysts' consensus estimates of ($1.55) by ($0.13). The company had revenue of $158.64 million during the quarter, compared to analysts' expectations of $150.00 million. On average, equities research analysts forecast that FAT Brands will post -8.08 EPS for the current fiscal year.

FAT Brands Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Friday, May 31st. Investors of record on Wednesday, May 15th will be issued a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a dividend yield of 10.29%. The ex-dividend date is Tuesday, May 14th. FAT Brands's dividend payout ratio 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.