FAT Brands (FAT) News Today

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) was the recipient of a large drop in short interest in the month of July. As of July 31st, there was short interest totalling 35,400 shares, a drop of 9.2% from the July 15th total of 39,000 shares. Currently, 0.8% of the company's stock are sold short. Based on an average daily trading volume, of 34,400 shares, the short-interest ratio is currently 1.0 days.

FAT Brands Inc. (NASDAQ:FAT) declared a quarterly dividend on Tuesday, July 9th. Shareholders of record on Thursday, August 15th will be paid a dividend of 0.14 per share on Friday, August 30th. This represents a $0.56 annualized dividend and a yield of 10.16%. The ex-dividend date of this dividend is Thursday, August 15th. This is an increase from FAT Brands's previous quarterly dividend of $0.13.

FAT Brands Inc. (NASDAQ:FAT - Get Free Report) major shareholder Fog Cutter Holdings, Llc bought 1,020 shares of the stock in a transaction dated Monday, August 5th. The shares were acquired at an average cost of $11.47 per share, for a total transaction of $11,699.40. Following the completion of the acquisition, the insider now directly owns 706,534 shares of the company's stock, valued at approximately $8,103,944.98. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Large shareholders that own at least 10% of a company's stock are required to disclose their transactions with the SEC.

FAT Brands (NASDAQ:FAT - Get Free Report) posted its earnings results on Wednesday. The company reported ($2.43) earnings per share for the quarter, missing the consensus estimate of ($2.00) by ($0.43). The firm had revenue of $152.04 million for the quarter, compared to analyst estimates of $156.35 million. During the same quarter last year, the firm posted ($0.53) earnings per share.

FAT Brands (NASDAQ:FAT) will be releasing earnings after the market closes on Wednesday, July 31, Zacks reports.