During November, there was a large increase in the number of short positions held in Fat Brands Inc. (NASDAQ: FATBB). As of November 15, the total number of shares available for a short sale was 5,700, representing a 9.6% increase from the previous day’s total of 5,200 shares. Considering the typical daily volume of trading, 2,600 shares, the days-to-cover ratio is currently at 2.2 days. Short sales currently account for 1.3% of the company’s total shares.
On Thursday, October 20, FAT Brands (NASDAQ: FATBB) issued the most current quarterly earnings report available to the public. The company’s earnings per share (EPS) came in at $0.98 for the period covered by the reports report that it has available to the public. The company’s earnings per share (EPS) came in at $0.98 for the period covered by the report. During the period in question, the business brought in total revenue of $103.22 million.
In addition, the corporation announced and distributed a quarterly dividend as of December 1. On Wednesday, November 16, dividends of $0.14 per share were distributed to shareholders on record as of Tuesday, November 15. When expressed on an annualized basis, this translates to a dividend payment of $0.56 and a dividend yield of 8.10%. On Monday, November 14, the dividend was distributed to shareholders. In the case of FAT Brands, the payout ratio is -11.79%.
On Friday, during the middle of the trading day, the share price of FAT Brands increased by $0.08 to $6.92. The average number of shares traded in a single session was 4,916, although the stock traded at 1,014 shares per minute. The company’s moving average over the past 50 days is $6.95, and the moving average over the past 200 days is $7.49. The one-year low for FAT Brands is $5.50, while the one-year high for the company’s stock is $15.30.
A hedge fund acquired further shares of FAT Brands quite recently. UBS Group AG boosted its interest in FAT Brands Inc. (NASDAQ: FATBB) by 81.3% during the third quarter, as shown in the most recent Form 13F filing the company made with the SEC. The institutional investor now has a total of 3,937 shares of the company’s stock, thanks to the acquisition of an additional 1,766 shares during the period covered by the report. After the most recent accounting period, the value of the stake that UBS Group AG held in FAT Brands was $30,000. The company is owned by hedge funds and other institutional investors, holding 0.62% of the company.
FAT Brands Inc. is a multi-brand franchisor that purchases, develops, and maintains many restaurant concepts worldwide. These restaurant concepts include quick service, fast casual, casual, and refined casual dining. As of October 5, 2022, the company owned seventeen different restaurant brands and franchises, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli’s, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo’s Cafe and Buffalo’s Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse.
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