Famous Dave's of America (DAVE) Reaches New 1-Year High at $7.00
Famous Dave's of America, Inc. (NASDAQ:DAVE)’s share price reached a new 52-week high during trading on Monday . The company traded as high as $7.00 and last traded at $5.30, with a volume of 183900 shares traded. The stock had previously closed at $4.60.
A number of equities analysts recently commented on DAVE shares. Zacks Investment Research cut Famous Dave's of America from a “buy” rating to a “hold” rating in a report on Wednesday, October 25th. Craig Hallum upgraded Famous Dave's of America from a “hold” rating to a “buy” rating in a report on Tuesday, November 14th. Finally, ValuEngine upgraded Famous Dave's of America from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.41 and a current ratio of 1.49.
An institutional investor recently raised its position in Famous Dave's of America stock. Bandera Partners LLC raised its position in shares of Famous Dave's of America, Inc. (NASDAQ:DAVE) by 31.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,093,265 shares of the restaurant operator’s stock after purchasing an additional 258,893 shares during the period. Famous Dave's of America makes up approximately 3.6% of Bandera Partners LLC’s investment portfolio, making the stock its 8th biggest position. Bandera Partners LLC owned 15.71% of Famous Dave's of America worth $3,936,000 at the end of the most recent quarter. Institutional investors and hedge funds own 62.01% 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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