Q4 2016 Earnings Estimate for Famous Dave’s of America Inc. Issued By Feltl & Co. (DAVE)
Famous Dave’s of America Inc. (NASDAQ:DAVE) – Stock analysts at Feltl & Co. cut their Q4 2016 earnings per share estimates for Famous Dave’s of America in a report released on Tuesday. Feltl & Co. analyst M. Smith now forecasts that the firm will earn $0.00 per share for the quarter, down from their previous estimate of $0.04. Feltl & Co. also issued estimates for Famous Dave’s of America’s Q1 2017 earnings at $0.00 EPS, Q2 2017 earnings at $0.15 EPS, Q3 2017 earnings at $0.07 EPS, Q4 2017 earnings at $0.02 EPS and FY2017 earnings at $0.23 EPS.
Famous Dave’s of America (NASDAQ:DAVE) last issued its quarterly earnings data 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. The firm had revenue of $25.50 million for the quarter, compared to analyst estimates of $25.50 million. Famous Dave’s of America had a positive return on equity of 2.74% and a negative net margin of 7.25%. The business’s revenue for the quarter was down 8.6% compared to the same quarter last year. During the same period in the prior year, the firm posted ($0.05) earnings per share.
Several other equities analysts have also commented on DAVE. Zacks Investment Research lowered Famous Dave’s of America from a “buy” rating to a “hold” rating in a report on Friday, July 29th. TheStreet lowered Famous Dave’s of America from a “hold” rating to a “sell” rating in a report on Tuesday.
Famous Dave’s of America (NASDAQ:DAVE) opened at 4.90 on Wednesday. Famous Dave’s of America has a one year low of $4.75 and a one year high of $9.04. The company’s 50-day moving average price is $5.16 and its 200 day moving average price is $5.41. The firm’s market capitalization is $34.09 million.
A hedge fund recently raised its stake 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 9.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 697,618 shares of the company’s stock after buying an additional 62,699 shares during the period. Famous Dave’s of America accounts for about 2.3% of Bandera Partners LLC’s holdings, making the stock its 9th largest position. Bandera Partners LLC owned 10.03% of Famous Dave’s of America worth $3,509,000 as of its most recent filing with the SEC. Institutional investors own 69.91% of the company’s stock.
About Famous Dave’s of America
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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