Insider Buying: FAT Brands Inc (FAT) Director Buys $44,998.40 in Stock

FAT Brands Inc (NASDAQ:FAT) Director Marc Holtzman bought 5,696 shares of FAT Brands stock in a transaction on Friday, June 15th. The shares were acquired at an average cost of $7.90 per share, with a total value of $44,998.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link.

Marc Holtzman also recently made the following trade(s):

  • On Thursday, September 20th, Marc Holtzman bought 1,747 shares of FAT Brands stock. The shares were acquired at an average cost of $8.59 per share, with a total value of $15,006.73.
  • On Tuesday, August 14th, Marc Holtzman bought 1,793 shares of FAT Brands stock. The shares were acquired at an average cost of $6.99 per share, with a total value of $12,533.07.

Shares of FAT stock opened at $6.40 on Friday. FAT Brands Inc has a 12 month low of $5.54 and a 12 month high of $11.45.

FAT Brands (NASDAQ:FAT) last announced its earnings results on Tuesday, August 7th. The company reported $0.04 EPS for the quarter, missing the Zacks’ consensus estimate of $0.07 by ($0.03). The business had revenue of $3.91 million for the quarter.

The firm also recently announced a quarterly dividend, which was paid on Wednesday, October 31st. Shareholders of record on Thursday, October 18th were issued a dividend of $0.12 per share. The ex-dividend date of this dividend was Wednesday, October 17th. This represents a $0.48 dividend on an annualized basis and a yield of 7.50%.

A hedge fund recently bought a new stake in FAT Brands stock. Granite Investment Partners LLC purchased a new position in FAT Brands Inc (NASDAQ:FAT) in the third quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 56,025 shares of the company’s stock, valued at approximately $468,000. Granite Investment Partners LLC owned 0.49% of FAT Brands at the end of the most recent reporting period. 0.14% of the stock is currently owned by institutional investors.

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About FAT Brands

FAT Brands Inc, a multi-brand franchising company, acquires, markets, and develops fast casual and casual dining restaurant concepts. As of September 19, 2018, it owned 6 restaurant brands, such as Fatburger, Buffalo's Cafe, Buffalo's Express, Hurricane Grill & Wings, Ponderosa, and Bonanza Steakhouses that had approximately 300 locations open and 300 under development in 32 countries.

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