FAT Brands (NASDAQ:FAT) Shares Down 0.3%

FAT Brands Inc. (NASDAQ:FAT) shares were down 0.3% during mid-day trading on Tuesday . The stock traded as low as $7.58 and last traded at $7.60. Approximately 6,920 shares traded hands during trading, a decline of 71% from the average daily volume of 23,738 shares. The stock had previously closed at $7.62.

FAT Brands Stock Down 0.3 %

The firm has a market capitalization of $119.24 million, a PE ratio of -1.32 and a beta of 1.83. The firm’s 50 day moving average price is $8.12 and its two-hundred day moving average price is $6.95.

FAT Brands Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 1st. Shareholders of record on Thursday, February 15th were paid a dividend of $0.14 per share. The ex-dividend date was Wednesday, February 14th. This represents a $0.56 dividend on an annualized basis and a yield of 7.37%. FAT Brands’s dividend payout ratio (DPR) is -9.74%.

Institutional Inflows and Outflows

A number of large investors have recently added to or reduced their stakes in FAT. Bank of New York Mellon Corp raised its holdings in shares of FAT Brands by 2.2% during the third quarter. Bank of New York Mellon Corp now owns 78,194 shares of the company’s stock worth $579,000 after purchasing an additional 1,674 shares during the period. UBS Group AG raised its holdings in shares of FAT Brands by 124.0% during the first quarter. UBS Group AG now owns 4,617 shares of the company’s stock worth $33,000 after purchasing an additional 2,556 shares during the period. Geode Capital Management LLC raised its holdings in shares of FAT Brands by 144.7% during the second quarter. Geode Capital Management LLC now owns 49,683 shares of the company’s stock worth $342,000 after purchasing an additional 29,376 shares during the period. Vanguard Group Inc. raised its holdings in shares of FAT Brands by 4.8% during the third quarter. Vanguard Group Inc. now owns 183,499 shares of the company’s stock worth $1,204,000 after purchasing an additional 8,407 shares during the period. Finally, Northern Trust Corp acquired a new stake in shares of FAT Brands during the fourth quarter worth $138,000. 6.90% of the stock is currently owned by institutional investors.

About FAT Brands

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.