Famous Dave’s (NASDAQ:DAVE) Stock Rating Upgraded by ValuEngine

Famous Dave’s (NASDAQ:DAVE) was upgraded by research analysts at ValuEngine from a “hold” rating to a “buy” rating in a research report issued to clients and investors on Monday, April 2nd.

Separately, Zacks Investment Research cut Famous Dave’s from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, January 16th.

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Shares of Famous Dave’s stock traded down $0.10 on Monday, reaching $8.45. 29,894 shares of the stock were exchanged, compared to its average volume of 59,481. The company has a quick ratio of 1.56, a current ratio of 1.62 and a debt-to-equity ratio of 0.68. Famous Dave’s has a twelve month low of $3.38 and a twelve month high of $9.65. The company has a market capitalization of $57.31, a price-to-earnings ratio of 427.50 and a beta of 0.99.

Famous Dave’s (NASDAQ:DAVE) last announced its quarterly earnings results on Monday, March 5th. The restaurant operator reported ($0.03) earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.02. The company had revenue of $12.53 million during the quarter, compared to the consensus estimate of $15.07 million. Famous Dave’s had a positive return on equity of 2.94% and a negative net margin of 9.94%.

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Bandera Partners LLC boosted its stake in Famous Dave’s by 4.5% during the third quarter. Bandera Partners LLC now owns 1,142,104 shares of the restaurant operator’s stock worth $4,735,000 after buying an additional 48,839 shares during the last quarter. Renaissance Technologies LLC boosted its stake in Famous Dave’s by 11.5% during the fourth quarter. Renaissance Technologies LLC now owns 290,367 shares of the restaurant operator’s stock worth $1,902,000 after buying an additional 29,967 shares during the last quarter. Perkins Capital Management Inc. boosted its stake in Famous Dave’s by 7.1% during the fourth quarter. Perkins Capital Management Inc. now owns 187,600 shares of the restaurant operator’s stock worth $1,229,000 after buying an additional 12,500 shares during the last quarter. Deutsche Bank AG boosted its stake in Famous Dave’s by 582.6% during the fourth quarter. Deutsche Bank AG now owns 38,228 shares of the restaurant operator’s stock worth $250,000 after buying an additional 32,628 shares during the last quarter. Finally, Virtu Financial LLC acquired a new position in Famous Dave’s during the fourth quarter worth $100,000. 57.29% of the stock is currently owned by institutional investors.

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About Famous Dave’s

Famous Dave's of America, Inc develops, owns, operates, and franchises restaurants under the Famous Dave's name. It offers smoked, barbequed, and grilled meats, as well as entrée items and delicious side dishes that are prepared using prepared proprietary seasonings, sauces, and mixes. The company operates full-service and counter-service restaurants.

To view ValuEngine’s full report, visit ValuEngine’s official website.

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