Geode Capital Management LLC Purchases 5,936 Shares of FAT Brands Inc. (NASDAQ:FATBB)

Geode Capital Management LLC grew its holdings in shares of FAT Brands Inc. (NASDAQ:FATBB) by 14.7% in the 3rd quarter, Holdings Channel reports. 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 at the end of the most recent reporting period.

FAT Brands Trading Down 10.5 %

Shares of NASDAQ FATBB opened at $4.61 on Tuesday. The company has a market cap of $78.86 million, a price-to-earnings ratio of -0.50 and a beta of 0.89. FAT Brands Inc. has a 12 month low of $4.13 and a 12 month high of $8.35. The stock has a 50-day moving average price of $4.62 and a two-hundred day moving average price of $4.79.

FAT Brands Announces Dividend

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

FAT Brands 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.