FAT Brands (NASDAQ:FATBB) Trading Down 3.9% – Here’s What Happened

FAT Brands Inc. (NASDAQ:FATBB)’s share price dropped 3.9% during mid-day trading on Monday . The company traded as low as $4.42 and last traded at $4.42. Approximately 3,986 shares were traded during mid-day trading, an increase of 8% from the average daily volume of 3,689 shares. The stock had previously closed at $4.60.

FAT Brands Stock Performance

The stock has a 50 day simple moving average of $4.77 and a 200 day simple moving average of $4.92.

FAT Brands Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Friday, November 29th. Stockholders of record on Friday, November 15th will be issued a $0.14 dividend. The ex-dividend date is Friday, November 15th. This represents a $0.56 dividend on an annualized basis and a dividend yield of 12.67%. FAT Brands’s dividend payout ratio (DPR) is currently -6.07%.

Institutional Inflows and Outflows

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

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.