Famous Dave’s of America, Inc. (NASDAQ:DAVE) was upgraded by equities research analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research note issued to investors on Tuesday.
Other equities research analysts have also issued reports about the stock. Zacks Investment Research upgraded shares of Famous Dave’s of America from a “hold” rating to a “buy” rating and set a $4.25 price target on the stock in a research note on Thursday, October 19th. ValuEngine upgraded 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 (NASDAQ:DAVE) opened at $4.60 on Tuesday. Famous Dave’s of America has a one year low of $3.38 and a one year high of $6.60. The company has a quick ratio of 1.45, a current ratio of 1.57 and a debt-to-equity ratio of 0.56.
Famous Dave’s of America (NASDAQ:DAVE) last announced its quarterly earnings results on Monday, November 13th. The restaurant operator reported ($0.01) EPS for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.05) by $0.04. Famous Dave’s of America had a negative net margin of 5.74% and a positive return on equity of 0.16%. The firm had revenue of $21.90 million for the quarter, compared to analyst estimates of $21.48 million. During the same period last year, the business earned $0.01 EPS. Famous Dave’s of America’s revenue for the quarter was down 13.6% compared to the same quarter last year. analysts expect that Famous Dave’s of America will post -0.06 earnings per share for the current year.
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In other Famous Dave’s of America news, Director Charles William Mooty acquired 16,256 shares of the company’s stock in a transaction on Monday, August 21st. The shares were bought at an average cost of $4.00 per share, for a total transaction of $65,024.00. Following the completion of the purchase, the director now owns 83,256 shares in the company, valued at approximately $333,024. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Insiders own 27.00% of the company’s stock.
An institutional investor recently raised its position in Famous Dave’s of America stock. Bandera Partners LLC raised its holdings in Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 31.0% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 1,093,265 shares of the restaurant operator’s stock after purchasing an additional 258,893 shares during the quarter. Famous Dave’s of America comprises approximately 3.6% of Bandera Partners LLC’s portfolio, making the stock its 8th largest holding. 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 institutional investors and hedge funds.
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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