Famous Dave’s of America Inc. (DAVE) to Post FY2016 Earnings of $0.17 Per Share, Feltl & Co. Forecasts
Famous Dave’s of America Inc. (NASDAQ:DAVE) – Investment analysts at Feltl & Co. lowered their FY2016 EPS estimates for shares of Famous Dave’s of America in a research note issued on Tuesday. Feltl & Co. analyst M. Smith now expects that the firm will post earnings of $0.17 per share for the year, down from their prior forecast of $0.30.
Several other research firms have also recently issued reports on DAVE. Zacks Investment Research cut shares of Famous Dave’s of America from a “hold” rating to a “strong sell” rating in a research note on Wednesday. TheStreet cut shares of Famous Dave’s of America from a “hold” rating to a “sell” rating in a research note on Tuesday.
Shares of Famous Dave’s of America (NASDAQ:DAVE) remained flat at $4.90 during midday trading on Thursday. The company had a trading volume of 3,706 shares. 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 one year low of $4.75 and a one year high of $9.04. The company has a market capitalization of $34.09 billion, a PE ratio of 49.00 and a beta of 1.21.
Famous Dave’s of America (NASDAQ:DAVE) last announced its earnings results on Monday, November 14th. The company reported $0.01 earnings per share 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 business had revenue of $25.50 million for the quarter, compared to analysts’ expectations of $25.50 million. During the same period in the previous year, the company earned ($0.05) earnings per share. Famous Dave’s of America’s quarterly revenue was down 8.6% on a year-over-year basis.
An institutional investor recently raised its position in Famous Dave’s of America stock. Bandera Partners LLC boosted its position in shares of Famous Dave’s of America Inc. (NASDAQ:DAVE) by 19.6% during the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 834,372 shares of the company’s stock after buying an additional 136,754 shares during the period. Famous Dave’s of America accounts for approximately 3.0% of Bandera Partners LLC’s portfolio, making the stock its 9th largest position. Bandera Partners LLC owned 11.99% of Famous Dave’s of America worth $4,572,000 at the end of the most recent quarter. Hedge funds and other institutional investors own 69.91% of the company’s stock.
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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