FAT Brands Inc. Declares Quarterly Dividend of $0.14 (NASDAQ:FAT)

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) declared a quarterly dividend on Wednesday, October 30th, Zacks reports. Investors of record on Friday, November 15th will be paid a dividend of 0.14 per share on Friday, November 29th. This represents a $0.56 annualized dividend and a yield of 10.39%. The ex-dividend date of this dividend is Friday, November 15th.

FAT Brands has a dividend payout ratio of -10.7% meaning the company cannot currently cover its dividend with earnings alone and is relying on its balance sheet to cover its dividend payments. 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 0.9 %

FAT stock traded up $0.05 during trading on Thursday, hitting $5.39. 21,654 shares of the company's stock traded hands, compared to its average volume of 24,427. The firm has a market capitalization of $84.80 million, a P/E ratio of -0.87 and a beta of 1.81. FAT Brands has a 1 year low of $4.51 and a 1 year high of $9.48. The business has a fifty day simple moving average of $4.99 and a two-hundred day simple moving average of $5.45.

FAT Brands (NASDAQ:FAT - Get Free Report) last announced its earnings results on Wednesday, July 31st. The company reported ($2.43) earnings per share for the quarter, missing the consensus estimate of ($2.00) by ($0.43). The business had revenue of $152.04 million for the quarter, compared to the consensus estimate of $156.35 million. During the same period last year, the business posted ($0.53) EPS. On average, equities research analysts predict that FAT Brands will post -8.08 EPS for the current fiscal year.

Insider Buying and Selling at FAT Brands

In other news, Director Mark Elenowitz bought 6,200 shares of the stock in a transaction on Monday, August 26th. The stock was bought at an average cost of $11.00 per share, for a total transaction of $68,200.00. Following the completion of the purchase, the director now directly owns 9,200 shares in the company, valued at approximately $101,200. The trade was a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders bought a total of 9,564 shares of company stock worth $97,897 over the last three months. Corporate insiders own 11.84% of the company's stock.

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.