FAT Brands Inc. (NASDAQ:FATBB – Get Rating) was the target of a significant decline in short interest during the month of April. As of April 30th, there was short interest totalling 4,900 shares, a decline of 14.0% from the April 15th total of 5,700 shares. Approximately 1.1% of the company’s stock are sold short. Based on an average daily trading volume, of 5,100 shares, the short-interest ratio is presently 1.0 days.
An institutional investor recently bought a new position in FAT Brands stock. Geode Capital Management LLC purchased a new position in FAT Brands Inc. (NASDAQ:FATBB – Get Rating) in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund purchased 77,586 shares of the company’s stock, valued at approximately $1,045,000. Geode Capital Management LLC owned 0.47% of FAT Brands as of its most recent SEC filing. Hedge funds and other institutional investors own 0.62% of the company’s stock.
Shares of FAT Brands stock opened at $6.16 on Wednesday. FAT Brands has a 52-week low of $5.50 and a 52-week high of $30.66. The company has a 50-day simple moving average of $7.93 and a two-hundred day simple moving average of $10.85.
The business also recently declared a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be paid a $0.13 dividend. The ex-dividend date of this dividend is Friday, May 13th. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.44%.
FAT Brands Company Profile (Get Rating)
FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of April 18, 2022, it owned seventeen restaurant brands, 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, as well as 2,300 franchised locations.
- Get a free copy of the StockNews.com research report on FAT Brands (FATBB)
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