Famous Dave’s of America Inc. (NASDAQ:DAVE) shares fell 5.6% during mid-day trading on Tuesday . The stock traded as low as $6.11 and last traded at $6.18, with a volume of 105,019 shares. The stock had previously closed at $6.55.

Separately, Zacks Investment Research cut Famous Dave’s of America from a “buy” rating to a “hold” rating in a research report on Friday, July 29th.

The stock’s market capitalization is $43.26 million. The stock’s 50 day moving average price is $5.49 and its 200 day moving average price is $5.69.

Famous Dave’s of America (NASDAQ:DAVE) last released its quarterly earnings data on Monday, August 15th. The company reported $0.17 EPS for the quarter, beating the consensus estimate of $0.12 by $0.05. During the same period last year, the business earned $0.18 earnings per share. The company earned $28.04 million during the quarter, compared to analysts’ expectations of $28.72 million. The company’s revenue for the quarter was down 14.3% compared to the same quarter last year. Equities analysts anticipate that Famous Dave’s of America Inc. will post $0.20 earnings per share for the current year.

In other Famous Dave’s of America news, insider Pw Partners Atlas Fund Ii, Lp bought 35,000 shares of the company’s stock in a transaction dated Monday, June 27th. The shares were acquired at an average cost of $5.02 per share, with a total value of $175,700.00. Following the completion of the transaction, the insider now owns 52,575 shares in the company, valued at $263,926.50. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder Bandera Partners Llc bought 136,754 shares of the company’s stock in a transaction dated Thursday, July 21st. The shares were acquired at an average cost of $5.00 per share, for a total transaction of $683,770.00. The disclosure for this purchase can be found here.

Famous Dave’s of America, Inc owns, operates, and franchises restaurants. The Company’s menu focuses on smoked, barbequed, grilled meats, entree items and side dishes, which are prepared using seasonings, sauces and mixes. As of December 28, 2014, there were 189 Famous Dave’s restaurants operating in 34 states, the Commonwealth of Puerto Rico and Canada, including 50 Company-owned restaurants and 139 franchise-operated restaurants.

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