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

FAT Brands Inc. (NASDAQ:FAT) was the target of a significant growth in short interest in December. As of December 31st, there was short interest totaling 968,666 shares, a growth of 20.2% from the December 15th total of 805,789 shares. Approximately 6.4% of the company’s stock are short sold. Based on an average daily volume of 150,673 shares, the days-to-cover ratio is currently 6.4 days. Based on an average daily volume of 150,673 shares, the days-to-cover ratio is currently 6.4 days. Approximately 6.4% of the company’s stock are short sold.

Analyst Ratings Changes

FAT has been the topic of a number of analyst reports. Zacks Research raised shares of FAT Brands from a “strong sell” rating to a “hold” rating in a research report on Monday, September 29th. Weiss Ratings restated a “sell (e+)” rating on shares of FAT Brands in a research note on Wednesday, October 8th. Finally, Noble Financial downgraded FAT Brands from an “outperform” rating to a “market perform” rating in a research report on Monday, December 1st. One equities research analyst has rated the stock with a Buy rating, two have given a Hold rating and one has assigned a Sell rating to the stock. Based on data from MarketBeat, FAT Brands presently has a consensus rating of “Hold” and an average target price of $10.00.

Institutional Trading of FAT Brands

A hedge fund recently raised its stake in FAT Brands stock. Citadel Advisors LLC lifted its position in FAT Brands Inc. (NASDAQ:FAT) by 105.1% in the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 30,473 shares of the company’s stock after purchasing an additional 15,617 shares during the quarter. Citadel Advisors LLC owned about 0.17% of FAT Brands worth $59,000 as of its most recent SEC filing. Institutional investors own 6.90% of the company’s stock.

FAT Brands Stock Performance

FAT stock traded down $0.01 during trading on Tuesday, reaching $0.38. The company had a trading volume of 71,095 shares, compared to its average volume of 487,341. The company has a market cap of $6.73 million, a price-to-earnings ratio of -0.03 and a beta of 1.31. FAT Brands has a twelve month low of $0.31 and a twelve month high of $6.17. The firm has a 50-day simple moving average of $0.56 and a 200-day simple moving average of $1.51.

FAT Brands (NASDAQ:FAT) last posted its quarterly earnings results on Wednesday, November 5th. The company reported ($3.39) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($2.43) by ($0.96). The business had revenue of $140.01 million for the quarter, compared to analyst estimates of $144.90 million. Sell-side analysts expect that FAT Brands will post -10.23 earnings per share for the current year.

About FAT Brands

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.