20,000 Shares in FAT Brands Inc. (NASDAQ:FAT) Acquired by Legacy Financial Advisors Inc.

Legacy Financial Advisors Inc. acquired a new stake in FAT Brands Inc. (NASDAQ:FAT) in the 2nd quarter, HoldingsChannel reports. The institutional investor acquired 20,000 shares of the company’s stock, valued at approximately $103,000.

Separately, Divisadero Street Capital Management LP lifted its position in shares of FAT Brands by 22.4% during the second quarter. Divisadero Street Capital Management LP now owns 175,428 shares of the company’s stock worth $900,000 after purchasing an additional 32,048 shares in the last quarter. 6.90% of the stock is owned by institutional investors.

FAT Brands Price Performance

FAT opened at $4.75 on Monday. The stock has a market capitalization of $74.73 million, a P/E ratio of -0.77 and a beta of 1.83. The company’s 50 day simple moving average is $5.17 and its 200-day simple moving average is $5.94. FAT Brands Inc. has a one year low of $4.51 and a one year high of $9.48.

FAT Brands (NASDAQ:FAT) last announced its quarterly earnings data on Wednesday, July 31st. The company reported ($2.43) EPS for the quarter, missing analysts’ consensus estimates of ($2.00) by ($0.43). The business had revenue of $152.04 million during the quarter, compared to analysts’ expectations of $156.35 million. During the same quarter last year, the firm earned ($0.53) EPS. As a group, analysts anticipate that FAT Brands Inc. will post -8.08 EPS for the current year.

FAT Brands Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Friday, August 30th. Shareholders of record on Thursday, August 15th were issued a dividend of $0.14 per share. This is a boost from FAT Brands’s previous quarterly dividend of $0.13. This represents a $0.56 annualized dividend and a yield of 11.79%. The ex-dividend date was Thursday, August 15th. FAT Brands’s payout ratio is currently -9.08%.

Insider Buying and Selling at FAT Brands

In other FAT Brands news, Director Mark Elenowitz purchased 6,200 shares of the stock in a transaction dated Monday, August 26th. The stock was bought at an average price of $11.00 per share, for a total transaction of $68,200.00. Following the transaction, the director now directly owns 9,200 shares in the company, valued at $101,200. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In the last three months, insiders have acquired 9,564 shares of company stock worth $97,897. Company insiders own 11.84% of the company’s stock.

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.