FAT Brands (NASDAQ:FATBB) Stock Price Up 0.9% – Time to Buy?

FAT Brands Inc. (NASDAQ:FATBB)’s stock price shot up 0.9% during mid-day trading on Tuesday . The company traded as high as $4.50 and last traded at $4.48. 929 shares were traded during trading, a decline of 74% from the average session volume of 3,600 shares. The stock had previously closed at $4.44.

FAT Brands Stock Up 1.1 %

The business’s 50-day moving average price is $4.66 and its 200 day moving average price is $4.85. The company has a market capitalization of $79.55 million, a P/E ratio of -0.50 and a beta of 0.88.

FAT Brands Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Shareholders of record on Friday, November 15th were paid a $0.14 dividend. The ex-dividend date was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a yield of 12.04%. FAT Brands’s dividend payout ratio is currently -6.07%.

Institutional Investors Weigh In On FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Ridgewood Investments LLC purchased a new position in shares of FAT Brands Inc. (NASDAQ:FATBB) in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 6,849 shares of the company’s stock, valued at approximately $32,000.

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.