Shares of FAT Brands Inc. (NASDAQ:FATBB - Get Free Report) traded up 0.9% on Tuesday . The stock traded as high as $4.50 and last traded at $4.48. 929 shares traded hands during mid-day trading, a decline of 74% from the average session volume of 3,600 shares. The stock had previously closed at $4.44.
FAT Brands Trading Up 2.7 %
The company has a 50 day simple moving average of $4.68 and a 200 day simple moving average of $4.85. The stock has a market capitalization of $78.69 million, a PE ratio of -0.50 and a beta of 0.88.
FAT Brands Dividend Announcement
The company also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were paid a $0.14 dividend. This represents a $0.56 annualized dividend and a dividend yield of 12.17%. The ex-dividend date was Friday, November 15th. FAT Brands's dividend payout ratio (DPR) is presently -6.07%.
Hedge Funds Weigh In On FAT Brands
An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its stake in FAT Brands Inc. (NASDAQ:FATBB - Free Report) by 14.7% in the third quarter, according to its most recent 13F filing with the Securities & Exchange Commission. 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 quarter.
About FAT Brands
(
Get Free Report)
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.
See Also
Before you consider FAT Brands, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and FAT Brands wasn't on the list.
While FAT Brands currently has a "Hold" rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
MarketBeat just released its list of 10 cheap stocks that have been overlooked by the market and may be seriously undervalued. Click the link below to see which companies made the list.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.
