Famous Dave’s of America Inc. (NASDAQ:DAVE) was up 5.2% during trading on Tuesday . The stock traded as high as $5.72 and last traded at $5.69, with a volume of 52,055 shares. The stock had previously closed at $5.41.

Separately, Zacks Investment Research upgraded Famous Dave’s of America from a “hold” rating to a “strong-buy” rating and set a $5.75 price target for the company in a research note on Thursday, May 19th. One investment analyst has rated the stock with a sell rating, three have issued a hold rating and one has given a strong buy rating to the company. Famous Dave’s of America presently has a consensus rating of “Hold” and a consensus target price of $8.38.

The firm’s market capitalization is $41.52 million. The stock has a 50-day moving average of $5.25 and a 200-day moving average of $5.69.

Famous Dave’s of America (NASDAQ:DAVE) last posted its quarterly earnings data on Monday, May 16th. The company reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.02) by $0.01. The business had revenue of $23.50 million for the quarter, compared to analysts’ expectations of $24.42 million. During the same quarter in the prior year, the firm earned $0.03 earnings per share. Famous Dave’s of America’s revenue for the quarter was down 17.0% compared to the same quarter last year. On average, equities analysts expect that Famous Dave’s of America Inc. will post $0.20 EPS for the current fiscal year.

In other Famous Dave’s of America news, insider Pw Partners Atlas Fund Ii, Lp acquired 35,000 shares of the company’s stock in a transaction on Monday, June 27th. The shares were bought at an average cost of $5.02 per share, for a total transaction of $175,700.00. Following the acquisition, the insider now directly owns 52,575 shares of the company’s stock, valued at $263,926.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Bandera Partners Llc acquired 136,754 shares of the company’s stock in a transaction on Thursday, July 21st. The shares were acquired at an average price 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.