FAT Brands (FAT) Set to Announce Earnings on Wednesday

FAT Brands (NASDAQ:FAT) will release its earnings data after the market closes on Wednesday, July 31st. Analysts expect FAT Brands to post earnings of ($2.00) per share for the quarter.

FAT Brands (NASDAQ:FAT) last announced its earnings results on Wednesday, May 1st. The company reported ($2.37) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.39) by ($0.98). The business had revenue of $151.97 million for the quarter, compared to analyst estimates of $163.35 million. On average, analysts expect FAT Brands to post $-8 EPS for the current fiscal year and $-7 EPS for the next fiscal year.

FAT Brands Trading Down 2.8 %

Shares of FAT stock traded down $0.16 during trading hours on Tuesday, hitting $5.47. 6,352 shares of the company’s stock were exchanged, compared to its average volume of 25,704. The company has a market capitalization of $86.10 million, a PE ratio of -0.89 and a beta of 1.82. FAT Brands has a 12-month low of $4.51 and a 12-month high of $9.48. The business’s 50 day simple moving average is $5.24 and its 200-day simple moving average is $6.77.

FAT Brands Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be paid a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from FAT Brands’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a dividend yield of 10.24%. FAT Brands’s dividend payout ratio (DPR) is -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.