Geode Capital Management LLC Has $225,000 Stake in FAT Brands Inc. (NASDAQ:FATBB)

Geode Capital Management LLC increased its position in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 46,307 shares of the company’s stock after buying an additional 5,936 shares during the period. Geode Capital Management LLC’s holdings in FAT Brands were worth $225,000 as of its most recent filing with the Securities and Exchange Commission.

FAT Brands Stock Performance

Shares of FAT Brands stock opened at $4.61 on Tuesday. The firm has a 50-day moving average of $4.62 and a 200-day moving average of $4.79. The stock has a market cap of $78.86 million, a PE ratio of -0.50 and a beta of 0.89. FAT Brands Inc. has a 52-week low of $4.13 and a 52-week high of $8.35.

FAT Brands Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Friday, November 29th. Stockholders of record on Friday, November 15th were given a $0.14 dividend. The ex-dividend date of this dividend was Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 12.15%. FAT Brands’s payout ratio is presently -6.07%.

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.