FAT Brands (FAT) to Release Quarterly Earnings on Wednesday

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

FAT Brands (NASDAQ:FAT) last released its quarterly earnings data on Wednesday, May 1st. The company reported ($2.37) earnings per share for the quarter, missing the consensus estimate of ($1.39) by ($0.98). The firm had revenue of $151.97 million during the quarter, compared to the consensus estimate 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 Price Performance

Shares of FAT Brands stock traded down $0.13 during midday trading on Tuesday, hitting $5.50. 6,740 shares of the company were exchanged, compared to its average volume of 25,707. The firm has a 50 day simple moving average of $5.24 and a 200-day simple moving average of $6.77. The firm has a market cap of $86.57 million, a P/E ratio of -0.89 and a beta of 1.82. FAT Brands has a 52 week low of $4.51 and a 52 week high of $9.48.

FAT Brands Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Friday, August 30th. Shareholders of record on Thursday, August 15th will be issued a dividend of $0.14 per share. The ex-dividend date of this dividend is Thursday, August 15th. This is a boost from FAT Brands’s previous quarterly dividend of $0.13. This represents a $0.56 dividend on an annualized basis and a dividend yield of 10.18%. FAT Brands’s dividend payout ratio (DPR) is presently -9.08%.

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.