Noble Financial Predicts FAT Brands FY2024 Earnings

FAT Brands Inc. (NASDAQ:FAT) – Investment analysts at Noble Financial issued their FY2024 EPS estimates for shares of FAT Brands in a research report issued to clients and investors on Thursday, October 31st. Noble Financial analyst J. Gomes anticipates that the company will post earnings per share of ($10.23) for the year. Noble Financial also issued estimates for FAT Brands’ Q4 2024 earnings at ($2.68) EPS and FY2025 earnings at ($6.79) EPS.

FAT Brands Trading Down 1.7 %

Shares of FAT Brands stock opened at $5.30 on Monday. FAT Brands has a 12 month low of $4.51 and a 12 month high of $9.48. The firm has a market capitalization of $83.42 million, a P/E ratio of -0.57 and a beta of 1.80. The business has a fifty day simple moving average of $4.98 and a two-hundred day simple moving average of $5.43.

FAT Brands (NASDAQ:FAT) last issued its quarterly earnings data on Wednesday, October 30th. The company reported ($2.74) EPS for the quarter, missing the consensus estimate of ($1.88) by ($0.86). The business had revenue of $143.37 million for the quarter, compared to analyst estimates of $159.85 million. During the same period in the previous year, the business earned ($1.59) EPS.

FAT Brands Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Shareholders of record on Friday, November 15th will be issued a $0.14 dividend. This represents a $0.56 annualized dividend and a yield of 10.57%. The ex-dividend date of this dividend is Friday, November 15th. FAT Brands’s dividend payout ratio (DPR) is -6.07%.

Insider Transactions at FAT Brands

In other news, Director Mark Elenowitz acquired 6,200 shares of FAT Brands stock in a transaction on Monday, August 26th. The stock was acquired at an average cost of $11.00 per share, for a total transaction of $68,200.00. Following the purchase, the director now owns 9,200 shares in the company, valued at $101,200. This trade represents a 200.00 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Over the last three months, insiders have purchased 8,544 shares of company stock valued at $86,198. Insiders own 11.84% of the company’s stock.

Institutional Trading of FAT Brands

A hedge fund recently bought a new stake in FAT Brands stock. Legacy Financial Advisors Inc. bought a new stake in shares of FAT Brands Inc. (NASDAQ:FAT) during the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm bought 20,000 shares of the company’s stock, valued at approximately $103,000. Legacy Financial Advisors Inc. owned 0.13% of FAT Brands at the end of the most recent quarter. 6.90% of the stock is owned by hedge funds and other institutional investors.

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.