FNY Investment Advisers LLC Makes New Investment in FAT Brands Inc. (NASDAQ:FAT)

FNY Investment Advisers LLC acquired a new stake in FAT Brands Inc. (NASDAQ:FAT) during the fourth quarter, Holdings Channel.com reports. The firm acquired 16,069 shares of the company’s stock, valued at approximately $85,000.

Separately, Legacy Financial Advisors Inc. purchased a new position in FAT Brands in the second quarter valued at $103,000. Hedge funds and other institutional investors own 6.90% of the company’s stock.

FAT Brands Price Performance

FAT Brands stock opened at $5.35 on Thursday. The stock’s fifty day moving average is $5.39 and its two-hundred day moving average is $5.19. The stock has a market cap of $91.52 million, a PE ratio of -0.58 and a beta of 1.80. FAT Brands Inc. has a 1-year low of $4.51 and a 1-year high of $9.48.

FAT Brands (NASDAQ:FAT) last posted its earnings results on Wednesday, October 30th. The company reported ($2.74) earnings per share 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 analysts’ expectations of $159.85 million. During the same period last year, the firm posted ($1.59) EPS. On average, research analysts expect that FAT Brands Inc. will post -10.23 earnings per share for the current fiscal year.

FAT Brands Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Friday, November 29th. Investors of record on Friday, November 15th were given a $0.14 dividend. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.47%. The ex-dividend date of this dividend was Friday, November 15th. FAT Brands’s dividend payout ratio (DPR) is -6.07%.

FAT Brands 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.