Famous Dave’s of America Inc. (NASDAQ:DAVE) Director Patrick Walsh sold 62,502 shares of the firm’s stock in a transaction on Monday, November 21st. The stock was sold at an average price of $4.67, for a total value of $291,884.34. Following the completion of the sale, the director now owns 52,575 shares of the company’s stock, valued at $245,525.25. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Shares of Famous Dave’s of America Inc. (NASDAQ:DAVE) opened at 4.70 on Wednesday. Famous Dave’s of America Inc. has a 52-week low of $4.42 and a 52-week high of $8.60. The company’s market capitalization is $32.70 million. The stock’s 50 day moving average price is $5.09 and its 200 day moving average price is $5.39.

Famous Dave’s of America (NASDAQ:DAVE) last posted its quarterly earnings data on Monday, November 14th. The company reported $0.01 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.10 by $0.09. Famous Dave’s of America had a negative net margin of 7.25% and a positive return on equity of 2.79%. The firm earned $25.50 million during the quarter, compared to analyst estimates of $25.50 million. During the same period in the prior year, the company posted ($0.05) earnings per share. The firm’s revenue for the quarter was down 8.6% compared to the same quarter last year. On average, equities research analysts forecast that Famous Dave’s of America Inc. will post $0.30 earnings per share for the current fiscal year.

Insider Buying and Selling by Quarter for Famous Dave`s of America (NASDAQ:DAVE)

An institutional investor recently raised its position in Famous Dave’s of America stock. Bandera Partners LLC boosted its stake in shares of Famous Dave’s of America Inc. (NASDAQ:DAVE) by 19.6% during the third quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. 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 makes up approximately 3.0% of Bandera Partners LLC’s holdings, making the stock its 9th largest position. Bandera Partners LLC owned 11.99% of Famous Dave’s of America worth $4,572,000 as of its most recent SEC filing. 71.89% of the stock is owned by institutional investors and hedge funds.

Several analysts have recently weighed in on the company. Zacks Investment Research downgraded Famous Dave’s of America from a “buy” rating to a “hold” rating in a research report on Wednesday, November 9th. TheStreet downgraded Famous Dave’s of America from a “hold” rating to a “sell” rating in a research report on Tuesday, November 15th.

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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.

5 Day Chart for NASDAQ:DAVE

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