Famous Dave’s of America, Inc. (NASDAQ:DAVE) was upgraded by investment analysts at Craig Hallum from a “hold” rating to a “buy” rating in a research report issued on Tuesday.

Other analysts also recently issued reports about the company. Zacks Investment Research upgraded Famous Dave’s of America from a “hold” rating to a “buy” rating and set a $4.25 target price for the company in a research note on Thursday, October 19th. ValuEngine upgraded Famous Dave’s of America from a “sell” rating to a “hold” rating in a research note on Friday, September 1st.

Shares of Famous Dave’s of America (NASDAQ DAVE) traded up $0.15 during trading on Tuesday, hitting $4.60. The stock had a trading volume of 111,400 shares, compared to its average volume of 32,025. The company has a debt-to-equity ratio of 0.56, a current ratio of 1.57 and a quick ratio of 1.45. Famous Dave’s of America has a 12 month low of $3.38 and a 12 month high of $6.60.

Famous Dave’s of America (NASDAQ:DAVE) last announced its earnings results on Monday, November 13th. The restaurant operator reported ($0.01) earnings per share for the quarter, beating the consensus estimate of ($0.05) by $0.04. The company had revenue of $21.90 million during the quarter, compared to the consensus estimate of $21.48 million. Famous Dave’s of America had a positive return on equity of 0.16% and a negative net margin of 5.74%. The company’s revenue was down 13.6% on a year-over-year basis. During the same period last year, the firm earned $0.01 earnings per share. analysts predict that Famous Dave’s of America will post -0.06 EPS for the current fiscal year.

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In related news, Director Charles William Mooty purchased 16,256 shares of Famous Dave’s of America stock in a transaction dated Monday, August 21st. The shares were acquired at an average price of $4.00 per share, with a total value of $65,024.00. Following the completion of the transaction, the director now owns 83,256 shares of the company’s stock, valued at approximately $333,024. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 27.00% of the stock is owned by company insiders.

A hedge fund recently raised its stake in Famous Dave’s of America stock. Perkins Capital Management Inc. lifted its stake in shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 11.7% during the 2nd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 176,100 shares of the restaurant operator’s stock after purchasing an additional 18,500 shares during the period. Perkins Capital Management Inc. owned about 2.53% of Famous Dave’s of America worth $634,000 as of its most recent filing with the SEC. Hedge funds and other institutional investors own 61.65% 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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