FAT Brands Inc. (NASDAQ:FAT – Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Shareholders 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 yield of 10.49%. The ex-dividend date of this dividend is Friday, November 15th.
FAT Brands has a dividend payout ratio of -10.7% indicating that the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. Equities 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 Stock Up 0.8 %
FAT stock opened at $5.34 on Thursday. FAT Brands has a 52 week low of $4.51 and a 52 week high of $9.48. The company has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $5.45. The firm has a market capitalization of $84.01 million, a P/E ratio of -0.87 and a beta of 1.81.
Insider Buying and Selling at FAT Brands
In other news, Director Mark Elenowitz bought 6,200 shares of the stock in a transaction dated Monday, August 26th. The stock was purchased at an average price of $11.00 per share, for a total transaction of $68,200.00. Following the acquisition, the director now owns 9,200 shares of the company’s stock, valued at $101,200. The trade was a 200.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Insiders acquired 9,564 shares of company stock worth $97,897 over the last 90 days. 11.84% of the stock is owned by insiders.
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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