FAT Brands (NASDAQ:FAT) Trading Down 0.4% – Should You Sell?

FAT Brands Inc. (NASDAQ:FAT)’s share price traded down 0.4% during trading on Tuesday . The stock traded as low as $5.35 and last traded at $5.48. 15,797 shares traded hands during trading, a decline of 34% from the average session volume of 23,847 shares. The stock had previously closed at $5.50.

FAT Brands Trading Up 0.4 %

The stock’s fifty day moving average price is $5.36 and its 200 day moving average price is $5.20. The stock has a market cap of $85.62 million, a P/E ratio of -0.58 and a beta of 1.79.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings results on Wednesday, October 30th. The company reported ($2.74) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.88) by ($0.86). The company had revenue of $143.37 million for the quarter, compared to the consensus estimate of $159.85 million. During the same period in the prior year, the business posted ($1.59) earnings per share. As a group, sell-side analysts forecast that FAT Brands Inc. will post -10.23 earnings per share for the current year.

FAT Brands Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Friday, November 29th. Stockholders 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 dividend on an annualized basis and a dividend yield of 10.41%. FAT Brands’s dividend payout ratio is currently -6.07%.

Institutional Inflows and Outflows

A hedge fund recently bought a new stake in FAT Brands stock. Legacy Financial Advisors Inc. purchased a new stake in shares of FAT Brands Inc. (NASDAQ:FAT) in the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 20,000 shares of the company’s stock, valued at approximately $103,000. Legacy Financial Advisors Inc. owned approximately 0.13% of FAT Brands at the end of the most recent reporting period. 6.90% of the stock is owned by hedge funds and other institutional investors.

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.