FAT Brands (FAT) Set to Announce Earnings on Thursday

FAT Brands (NASDAQ:FATGet Rating) is scheduled to release its earnings data after the market closes on Thursday, May 5th. Analysts expect FAT Brands to post earnings of ($0.85) per share for the quarter. Persons that wish to register for the company’s earnings conference call can do so using this link.

FAT Brands (NASDAQ:FATGet Rating) last released its quarterly earnings data on Monday, March 21st. The company reported ($1.16) EPS for the quarter. The firm had revenue of $74.19 million for the quarter, compared to the consensus estimate of $57.50 million. On average, analysts expect FAT Brands to post $-1 EPS for the current fiscal year and $1 EPS for the next fiscal year.

NASDAQ:FAT opened at $5.87 on Thursday. The company has a 50-day moving average of $7.23 and a 200-day moving average of $9.32. The company has a market capitalization of $88.74 million, a price-to-earnings ratio of -2.53 and a beta of 2.11. FAT Brands has a 52 week low of $5.47 and a 52 week high of $15.99.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, June 1st. Stockholders of record on Monday, May 16th will be issued a dividend of $0.13 per share. This represents a $0.52 dividend on an annualized basis and a dividend yield of 8.86%. The ex-dividend date is Friday, May 13th. FAT Brands’s payout ratio is -22.41%.

FAT has been the subject of several analyst reports. TheStreet downgraded shares of FAT Brands from a “c” rating to a “d+” rating in a report on Wednesday, February 16th. Zacks Investment Research downgraded shares of FAT Brands from a “hold” rating to a “strong sell” rating in a report on Friday, March 25th.

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC raised its stake in FAT Brands Inc. (NASDAQ:FATGet Rating) by 38.9% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 14,230 shares of the company’s stock after acquiring an additional 3,987 shares during the quarter. Geode Capital Management LLC owned about 0.09% of FAT Brands worth $132,000 as of its most recent filing with the Securities and Exchange Commission. 7.22% of the stock is owned by institutional investors and hedge funds.

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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Earnings History for FAT Brands (NASDAQ:FAT)

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