FAT Brands Inc. (NASDAQ:FAT – Get Free Report) declared a quarterly dividend on Tuesday, October 29th,Zacks Dividends reports. Investors of record on Friday, November 15th will be given a dividend of 0.14 per share on Friday, November 29th. This represents a $0.56 annualized dividend and a dividend yield of 9.82%. The ex-dividend date of this dividend is Friday, November 15th.
FAT Brands has a payout ratio of -8.3% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Research analysts expect FAT Brands to earn ($6.79) per share next year, which means the company may not be able to cover its $0.56 annual dividend with an expected future payout ratio of -8.2%.
FAT Brands Price Performance
Shares of FAT opened at $5.70 on Thursday. FAT Brands has a one year low of $4.51 and a one year high of $9.48. The company has a market cap of $90.27 million, a PE ratio of -0.62 and a beta of 1.80. The firm has a 50-day moving average of $5.04 and a 200-day moving average of $5.32.
Insider Buying and Selling at FAT Brands
In related news, Director Mark Elenowitz acquired 6,200 shares of the business’s stock in a transaction on Monday, August 26th. The stock was purchased at an average cost of $11.00 per share, for a total transaction of $68,200.00. Following the completion of the transaction, the director now directly owns 9,200 shares of the company’s stock, valued at approximately $101,200. The trade was a 200.00 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders have purchased a total of 7,544 shares of company stock worth $81,528 over the last ninety days. Insiders own 11.84% of the company’s stock.
FAT Brands Company Profile
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.
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