FAT Brands (NASDAQ:FATBB) Shares Down 7% – What’s Next?

FAT Brands Inc. (NASDAQ:FATBB) fell 7% during trading on Wednesday . The stock traded as low as $4.67 and last traded at $4.67. 639 shares changed hands during mid-day trading, a decline of 95% from the average session volume of 12,408 shares. The stock had previously closed at $5.02.

FAT Brands Price Performance

The company has a market capitalization of $79.90 million, a price-to-earnings ratio of -0.51 and a beta of 0.88. The business has a fifty day moving average price of $4.62 and a 200 day moving average price of $4.79.

FAT Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.56 annualized dividend and a yield of 11.99%. FAT Brands’s dividend payout ratio is -6.07%.

Hedge Funds Weigh In On FAT Brands

An institutional investor recently raised its position in FAT Brands stock. Geode Capital Management LLC increased its holdings in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the 3rd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 46,307 shares of the company’s stock after acquiring an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 at the end of the most recent reporting period.

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.