Famous Dave’s of America, Inc. (NASDAQ:DAVE) announced its earnings results on Monday. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of ($0.05) by $0.04, Bloomberg Earnings reports. Famous Dave’s of America had a negative net margin of 6.19% and a positive return on equity of 0.70%. The business had revenue of $21.90 million for the quarter, compared to analyst estimates of $21.48 million. During the same quarter last year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was down 13.6% compared to the same quarter last year.

Famous Dave’s of America (NASDAQ:DAVE) traded up $0.05 during trading hours on Monday, hitting $3.65. 2,900 shares of the stock traded hands, compared to its average volume of 30,626. The company has a current ratio of 1.57, a quick ratio of 1.45 and a debt-to-equity ratio of 0.56. The stock has a market capitalization of $25.40, a P/E ratio of 182.50 and a beta of 1.28. Famous Dave’s of America has a 12-month low of $3.38 and a 12-month high of $6.60.

In other Famous Dave’s of America news, Director Charles William Mooty purchased 16,256 shares of the firm’s stock in a transaction dated Monday, August 21st. The shares were purchased at an average cost of $4.00 per share, with a total value of $65,024.00. Following the completion of the purchase, the director now owns 83,256 shares in the company, valued at approximately $333,024. The acquisition was disclosed in a document filed with the SEC, which is accessible through the SEC website. Over the last three months, insiders bought 22,755 shares of company stock worth $93,853. Insiders own 27.00% of the company’s stock.

Several equities analysts have recently weighed in on DAVE shares. Zacks Investment Research downgraded shares of Famous Dave’s of America from a “hold” rating to a “sell” rating in a research note on Monday, July 17th. ValuEngine raised shares of Famous Dave’s of America from a “strong sell” rating to a “sell” rating in a research note on Wednesday, August 16th.

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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.

Earnings History for Famous Dave`s of America (NASDAQ:DAVE)

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