FAT Brands Inc. (NASDAQ:FATBB - Get Free Report)'s share price was down 7% during mid-day trading on Wednesday . The company traded as low as $4.67 and last traded at $4.67. Approximately 639 shares changed hands during trading, a decline of 95% from the average daily volume of 12,408 shares. The stock had previously closed at $5.02.
FAT Brands Stock Down 7.0 %
The company's fifty day simple moving average is $4.62 and its 200 day simple moving average is $4.79. The stock has a market capitalization of $79.90 million, a price-to-earnings ratio of -0.51 and a beta of 0.88.
FAT Brands Dividend Announcement
The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a dividend of $0.14 per share. The ex-dividend date was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.99%. FAT Brands's payout ratio is presently -6.07%.
Institutional Trading of FAT Brands
A hedge fund recently raised its stake in FAT Brands stock. Geode Capital Management LLC increased its stake in shares of FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% in the third quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 46,307 shares of the company's stock after purchasing an additional 5,936 shares during the quarter. Geode Capital Management LLC's holdings in FAT Brands were worth $225,000 at the end of the most recent reporting period.
FAT Brands Company Profile
(
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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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