Brokers Offer Predictions for FAT Brands FY2024 Earnings

FAT Brands Inc. (NASDAQ:FAT - Free Report) - Stock analysts at Noble Financial issued their FY2024 earnings per share estimates for shares of FAT Brands in a research note issued to investors on Thursday, October 31st. Noble Financial analyst J. Gomes expects that the company will post earnings per share of ($10.23) for the year. Noble Financial also issued estimates for FAT Brands' Q4 2024 earnings at ($2.68) EPS and FY2025 earnings at ($6.79) EPS.

FAT Brands Stock Performance

Shares of NASDAQ:FAT traded up $0.02 during mid-day trading on Monday, hitting $5.32. 20,861 shares of the company traded hands, compared to its average volume of 24,381. The firm has a market cap of $83.74 million, a P/E ratio of -0.58 and a beta of 1.80. FAT Brands has a 52-week low of $4.51 and a 52-week high of $9.48. The firm's 50 day simple moving average is $4.98 and its 200 day simple moving average is $5.42.

FAT Brands (NASDAQ:FAT - Get Free Report) last announced its earnings results on Wednesday, October 30th. The company reported ($2.74) EPS for the quarter, missing the consensus estimate of ($1.88) by ($0.86). The company had revenue of $143.37 million during the quarter, compared to analyst estimates of $159.85 million. During the same quarter in the prior year, the firm posted ($1.59) EPS.

FAT Brands Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 10.53%. FAT Brands's dividend payout ratio (DPR) is presently -6.07%.

Insider Buying and Selling at FAT Brands

In other news, Director Mark Elenowitz bought 6,200 shares of the firm's stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $11.00 per share, for a total transaction of $68,200.00. Following the transaction, the director now owns 9,200 shares in the company, valued at $101,200. The trade was a 200.00 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. Insiders acquired a total of 8,544 shares of company stock worth $86,198 in the last 90 days. 11.84% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

An institutional investor recently raised its position in FAT Brands stock. Divisadero Street Capital Management LP boosted its stake in shares of FAT Brands Inc. (NASDAQ:FAT - Free Report) by 22.4% in the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 175,428 shares of the company's stock after purchasing an additional 32,048 shares during the quarter. Divisadero Street Capital Management LP owned approximately 1.12% of FAT Brands worth $900,000 at the end of the most recent reporting period. 6.90% of the stock is owned by hedge funds and other institutional investors.

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.