FAT Brands (NASDAQ:FAT) Announces Quarterly Earnings Results

FAT Brands (NASDAQ:FAT) issued its quarterly earnings results on Wednesday. The company reported ($2.43) EPS for the quarter, missing the consensus estimate of ($2.00) by ($0.43), Zacks reports. The business had revenue of $152.04 million for the quarter, compared to analysts’ expectations of $156.35 million. During the same quarter in the previous year, the business posted ($0.53) EPS.

FAT Brands Stock Down 2.6 %

FAT Brands stock traded down $0.14 during midday trading on Friday, hitting $5.31. The company’s stock had a trading volume of 87,458 shares, compared to its average volume of 26,146. The stock’s 50-day moving average price is $5.26 and its 200-day moving average price is $6.74. FAT Brands has a 12 month low of $4.51 and a 12 month high of $9.48. The company has a market capitalization of $83.58 million, a PE ratio of -0.86 and a beta of 1.82.

FAT Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be given a $0.14 dividend. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from FAT Brands’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 10.55%. FAT Brands’s payout ratio is -9.08%.

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.