Famous Dave’s of America Inc. (DAVE) Stock Rating Lowered by TheStreet
Famous Dave’s of America Inc. (NASDAQ:DAVE) was downgraded by analysts at TheStreet from a “hold” rating to a “sell” rating in a report issued on Tuesday.
Separately, Zacks Investment Research upgraded Famous Dave’s of America from a “hold” rating to a “buy” rating and set a $6.00 target price on the stock in a report on Tuesday, October 11th.
Famous Dave’s of America (NASDAQ:DAVE) opened at 4.90 on Tuesday. The company’s 50 day moving average price is $5.16 and its 200 day moving average price is $5.41. Famous Dave’s of America has a 52-week low of $4.75 and a 52-week high of $9.04. The company’s market cap is $34.09 million.
Famous Dave’s of America (NASDAQ:DAVE) last released its earnings results on Monday, November 14th. The company reported $0.01 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.10 by $0.09. Famous Dave’s of America had a positive return on equity of 2.74% and a negative net margin of 7.25%. The company had revenue of $25.50 million for the quarter, compared to the consensus estimate of $25.50 million. During the same quarter in the previous year, the company posted ($0.05) EPS. The business’s revenue was down 8.6% on a year-over-year basis. Equities research analysts anticipate that Famous Dave’s of America will post $0.30 EPS for the current fiscal year.
An institutional investor recently raised its position in Famous Dave’s of America stock. Bandera Partners LLC raised its position in Famous Dave’s of America Inc. (NASDAQ:DAVE) by 9.9% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The fund owned 697,618 shares of the company’s stock after buying an additional 62,699 shares during the period. Famous Dave’s of America comprises 2.3% of Bandera Partners LLC’s investment portfolio, making the stock its 9th largest position. Bandera Partners LLC owned approximately 10.03% of Famous Dave’s of America worth $3,509,000 at the end of the most recent reporting period. 69.91% of the stock is currently 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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