FAT Brands Inc. (NASDAQ:FAT) Short Interest Update

FAT Brands Inc. (NASDAQ:FAT) was the target of a significant growth in short interest during the month of March. As of March 15th, there was short interest totalling 162,300 shares, a growth of 20.2% from the February 28th total of 135,000 shares. Currently, 3.1% of the shares of the stock are sold short. Based on an average daily trading volume, of 55,700 shares, the days-to-cover ratio is presently 2.9 days.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FAT Brands stock. FNY Investment Advisers LLC purchased a new stake in FAT Brands Inc. (NASDAQ:FAT) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 16,069 shares of the company’s stock, valued at approximately $85,000. FNY Investment Advisers LLC owned about 0.09% of FAT Brands at the end of the most recent reporting period. 6.90% of the stock is owned by hedge funds and other institutional investors.

FAT Brands Trading Up 3.9 %

Shares of FAT Brands stock traded up $0.11 during midday trading on Wednesday, reaching $2.91. The company had a trading volume of 47,272 shares, compared to its average volume of 32,616. The stock has a fifty day simple moving average of $3.68 and a 200 day simple moving average of $4.69. FAT Brands has a 1-year low of $2.71 and a 1-year high of $7.91. The company has a market capitalization of $51.78 million, a price-to-earnings ratio of -0.32 and a beta of 1.64.

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

Analysts Set New Price Targets

Separately, Loop Capital decreased their price objective on shares of FAT Brands from $15.00 to $12.00 and set a “buy” rating on the stock in a report on Tuesday, March 4th.

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.