FAT Brands Inc. (NASDAQ:FAT) Declares $0.13 Quarterly Dividend

FAT Brands Inc. (NASDAQ:FATGet Rating) announced a quarterly dividend on Monday, April 18th, Zacks reports. Stockholders of record on Monday, May 16th will be paid a dividend of 0.13 per share on Wednesday, June 1st. This represents a $0.52 annualized dividend and a dividend yield of 8.93%. The ex-dividend date of this dividend is Friday, May 13th.

FAT Brands has a payout ratio of 65.0% meaning its dividend is sufficiently covered by earnings. Equities analysts expect FAT Brands to earn $0.80 per share next year, which means the company should continue to be able to cover its $0.52 annual dividend with an expected future payout ratio of 65.0%.

Shares of NASDAQ FAT opened at $5.82 on Tuesday. The business’s 50 day moving average price is $8.06 and its 200-day moving average price is $9.51. FAT Brands has a fifty-two week low of $5.55 and a fifty-two week high of $15.99. The company has a market cap of $87.98 million, a price-to-earnings ratio of -2.51 and a beta of 2.11.

Several brokerages have recently weighed in on FAT. TheStreet downgraded FAT Brands from a “c” rating to a “d+” rating in a report on Wednesday, February 16th. Zacks Investment Research downgraded FAT Brands from a “hold” rating to a “strong sell” rating in a report on Friday, March 25th.

An institutional investor recently bought a new position in FAT Brands stock. Millennium Management LLC bought a new position in shares of FAT Brands Inc. (NASDAQ:FATGet Rating) during the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 25,442 shares of the company’s stock, valued at approximately $237,000. Millennium Management LLC owned about 0.17% of FAT Brands at the end of the most recent quarter. Hedge funds and other institutional investors own 7.22% of the company’s stock.

FAT Brands Company Profile (Get Rating)

FAT Brands Inc, a multi-brand franchising company, acquires, develops, and manages quick service, fast casual, casual dining, and polished casual dining restaurant concepts worldwide. As of December 26, 2021, it owned seventeen restaurant brands, including Round Table Pizza, Fatburger, Marble Slab Creamery, Johnny Rockets, Fazoli's, Twin Peaks, Great American Cookies, Hot Dog on a Stick, Buffalo's Cafe and Buffalo's Express, Hurricane Grill & Wings, Pretzelmaker, Elevation Burger, Native Grill & Wings, Yalla Mediterranean, and Ponderosa Steakhouse/Bonanza Steakhouse, as well as operated 129 directly owned restaurants and 2,240 franchised locations.

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Dividend History for FAT Brands (NASDAQ:FAT)

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