Craig Hallum upgraded shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) from a hold rating to a buy rating in a research report released on Tuesday morning.

Several other brokerages also recently issued reports on DAVE. Zacks Investment Research raised shares of Famous Dave’s of America from a hold rating to a strong-buy rating and set a $5.00 price objective on the stock in a research note on Friday, September 8th. ValuEngine raised shares of Famous Dave’s of America from a sell rating to a hold rating in a research note on Friday, September 1st.

Shares of Famous Dave’s of America (DAVE) traded up $0.10 on Tuesday, hitting $4.70. 32,381 shares of the company traded hands, compared to its average volume of 32,139. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 0.56. Famous Dave’s of America has a fifty-two week low of $3.38 and a fifty-two week high of $6.60.

Famous Dave’s of America (NASDAQ:DAVE) last announced its quarterly earnings data on Monday, November 13th. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, beating the consensus estimate of ($0.05) by $0.04. The business had revenue of $21.90 million for the quarter, compared to the consensus estimate of $21.48 million. Famous Dave’s of America had a negative net margin of 5.74% and a positive return on equity of 0.16%. The company’s quarterly revenue was down 13.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.01 earnings per share. equities analysts predict that Famous Dave’s of America will post -0.06 EPS for the current year.

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In other news, Director Charles William Mooty acquired 16,256 shares of Famous Dave’s of America stock in a transaction that occurred on Monday, August 21st. The shares were acquired at an average price of $4.00 per share, with a total value of $65,024.00. Following the completion of the purchase, the director now owns 83,256 shares of the company’s stock, valued at approximately $333,024. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Corporate insiders own 27.00% of the company’s stock.

A hedge fund recently raised its stake in Famous Dave’s of America stock. Bandera Partners LLC lifted its holdings in Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 31.0% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,093,265 shares of the restaurant operator’s stock after acquiring an additional 258,893 shares during the period. Famous Dave’s of America makes up 3.6% of Bandera Partners LLC’s portfolio, making the stock its 8th biggest position. Bandera Partners LLC owned about 15.71% of Famous Dave’s of America worth $3,936,000 as of its most recent SEC filing. 61.65% of the stock is owned by hedge funds and other institutional investors.

Famous Dave’s of America Company Profile

Famous Dave’s of America, Inc (Famous Dave’s) operates restaurants. The Company’s restaurants, which offer full table service, feature wood-smoked and off-the-grill entree favorites that fit into the barbeque category. It has the Company-owned and franchise-operated restaurants in the United States, the Commonwealth of Puerto Rico, and Canada, and it operates within the industry segment of foodservice.

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