FAT Brands (NASDAQ:FATBB) Issues Quarterly Earnings Results

FAT Brands (NASDAQ:FATBB) released its earnings results on Wednesday. The company reported ($1.93) earnings per share for the quarter, Zacks reports. The firm had revenue of $152.04 million for the quarter.

FAT Brands Stock Down 10.5 %

Shares of FATBB stock traded down $0.55 during trading hours on Friday, reaching $4.70. 664 shares of the stock traded hands, compared to its average volume of 1,850. The business has a fifty day moving average price of $5.01 and a 200 day moving average price of $5.97. FAT Brands has a 1-year low of $4.57 and a 1-year high of $8.96.

FAT Brands Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Friday, August 30th. Investors of record on Thursday, August 15th will be issued a $0.14 dividend. The ex-dividend date is Thursday, August 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 11.91%. FAT Brands’s payout ratio is currently -9.08%.

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.