FAT Brands Inc. (NASDAQ:FAT – Get Free Report) saw a large drop in short interest during the month of June. As of June 15th, there was short interest totalling 44,800 shares, a drop of 6.3% from the May 31st total of 47,800 shares. Based on an average daily volume of 27,200 shares, the days-to-cover ratio is currently 1.6 days. Currently, 1.0% of the company’s shares are sold short.
Institutional Investors Weigh In On FAT Brands
An institutional investor recently bought a new position 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 Form 13F filing with the Securities and Exchange Commission. The fund bought 10,928 shares of the company’s stock, valued at approximately $83,000. Simplicity Wealth LLC owned about 0.07% of FAT Brands as of its most recent filing with the Securities and Exchange Commission. Institutional investors own 6.90% of the company’s stock.
FAT Brands Trading Down 5.0 %
Shares of FAT traded down $0.25 during mid-day trading on Tuesday, reaching $4.75. The company had a trading volume of 22,271 shares, compared to its average volume of 25,812. The stock has a market cap of $74.72 million, a price-to-earnings ratio of -0.77 and a beta of 1.82. The firm has a fifty day simple moving average of $5.86 and a 200-day simple moving average of $6.93. FAT Brands has a fifty-two week low of $4.71 and a fifty-two week high of $9.48.
FAT Brands Dividend Announcement
The company also recently declared a quarterly dividend, which was paid on Friday, May 31st. Investors of record on Wednesday, May 15th were paid a dividend of $0.14 per share. This represents a $0.56 annualized dividend and a yield of 11.79%. The ex-dividend date was Tuesday, May 14th. FAT Brands’s dividend payout ratio (DPR) is -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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