Famous Dave’s of America Inc. (DAVE) Trading Down 3.3%
Famous Dave’s of America Inc. (NASDAQ:DAVE)’s share price traded down 3.3% on Monday . The stock traded as low as $5.81 and last traded at $5.82, with a volume of 64,599 shares trading hands. The stock had previously closed at $6.02.
Separately, Zacks Investment Research upgraded shares of Famous Dave’s of America from a “hold” rating to a “strong-buy” rating and set a $5.75 target price on the stock in a report on Thursday, May 19th.
The stock’s market cap is $40.49 million. The company has a 50-day moving average price of $5.74 and a 200 day moving average price of $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, topping analysts’ consensus estimates of $0.12 by $0.05. The business had revenue of $28.04 million for the quarter, compared to the consensus estimate of $28.72 million. During the same period in the previous year, the business posted $0.18 earnings per share. Famous Dave’s of America’s revenue was down 14.3% on a year-over-year basis. Equities research analysts expect that Famous Dave’s of America Inc. will post $0.30 earnings per share for the current fiscal year.
In other Famous Dave’s of America news, major shareholder Bandera Partners Llc acquired 136,754 shares of Famous Dave’s of America stock in a transaction dated Thursday, July 21st. The stock was bought at an average cost of $5.00 per share, with a total value of $683,770.00. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Pw Partners Atlas Fund Ii, Lp bought 35,000 shares of the company’s stock in a transaction that occurred on Monday, June 27th. The shares were purchased at an average price of $5.02 per share, with a total value of $175,700.00. Following the transaction, the insider now directly owns 52,575 shares in the company, valued at $263,926.50. 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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