Short Interest in FAT Brands Inc. (NASDAQ:FAT) Expands By 20.2%

by · The Cerbat Gem

FAT Brands Inc. (NASDAQ:FAT – Get Free Report) was the target of a large increase in short interest in the month of December. As of December 31st, there was short interest totaling 968,666 shares, an increase of 20.2% from the December 15th total of 805,789 shares. Based on an average trading volume of 150,673 shares, the short-interest ratio is presently 6.4 days. Approximately 6.4% of the company’s shares are short sold. Approximately 6.4% of the company’s shares are short sold. Based on an average trading volume of 150,673 shares, the short-interest ratio is presently 6.4 days.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FAT Brands stock. Citadel Advisors LLC raised its stake in FAT Brands Inc. (NASDAQ:FAT – Free Report) by 105.1% in the 3rd quarter, according to its most recent filing with the SEC. The fund owned 30,473 shares of the company’s stock after purchasing an additional 15,617 shares during the period. Citadel Advisors LLC owned 0.17% of FAT Brands worth $59,000 as of its most recent SEC filing. 6.90% of the stock is owned by institutional investors.

FAT Brands Stock Down 6.0%

Shares of FAT Brands stock traded down $0.02 during trading hours on Monday, hitting $0.39. 247,336 shares of the company’s stock traded hands, compared to its average volume of 344,630. FAT Brands has a twelve month low of $0.31 and a twelve month high of $6.17. The company has a market cap of $7.00 million, a PE ratio of -0.03 and a beta of 1.31. The stock has a 50 day simple moving average of $0.59 and a 200-day simple moving average of $1.53.

FAT Brands (NASDAQ:FAT – Get Free Report) last issued its quarterly earnings results on Wednesday, November 5th. The company reported ($3.39) EPS for the quarter, missing analysts’ consensus estimates of ($2.43) by ($0.96). The company had revenue of $140.01 million during the quarter, compared to analysts’ expectations of $144.90 million. As a group, equities research analysts predict that FAT Brands will post -10.23 EPS for the current year.

Analyst Ratings Changes

Several analysts recently issued reports on FAT shares. Noble Financial downgraded FAT Brands from an “outperform” rating to a “market perform” rating in a report on Monday, December 1st. Weiss Ratings reaffirmed a “sell (e+)” rating on shares of FAT Brands in a research report on Wednesday, October 8th. Finally, Zacks Research upgraded FAT Brands from a “strong sell” rating to a “hold” rating in a report on Monday, September 29th. One research analyst has rated the stock with a Buy rating, two have assigned a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Hold” and a consensus price target of $10.00.

Read Our Latest Analysis on FAT

About FAT Brands

(Get Free Report)

FAT Brands is a global restaurant franchising company that owns and operates a diversified portfolio of quick-service and casual dining concepts. The company’s business model centers on acquiring established restaurant brands and expanding their reach through franchise relationships, corporate-owned locations and strategic partnerships. FAT Brands focuses on leveraging centralized support services—such as marketing, real estate, supply chain and technology infrastructure—to drive growth and profitability across its portfolio.

The company’s primary brands include Fatburger, a California-style burger chain known for its made-to-order hamburgers; Johnny Rockets, an American diner concept famed for its retro ambiance and milkshakes; Hurricane Grill & Wings, which specializes in wings with a variety of sauces and tropical ribs; Round Table Pizza, celebrated for its premium pizzas and “premium” crust; Elevation Burger, an organic, grass-fed burger franchise; and Twin Peaks, a sports-lodge concept offering made-from-scratch food and craft beverages.

Further Reading