Famous Dave's of America (DAVE) Sees Unusually-High Trading Volume
Famous Dave's of America, Inc. (NASDAQ:DAVE) saw unusually-strong trading volume on Tuesday . Approximately 1,055,700 shares changed hands during mid-day trading, an increase of 2,740% from the previous session’s volume of 37,174 shares.The stock last traded at $7.00 and had previously closed at $5.30.
A number of equities research analysts have commented on DAVE shares. ValuEngine upgraded Famous Dave's of America from a “strong sell” rating to a “sell” rating in a research report on Wednesday, August 16th. Zacks Investment Research upgraded Famous Dave's of America from a “hold” rating to a “strong-buy” rating and set a $5.00 target price on the stock in a research report on Friday, September 8th. Finally, Craig Hallum upgraded Famous Dave's of America from a “hold” rating to a “buy” rating in a research report on Tuesday, November 14th.
The company has a debt-to-equity ratio of 0.60, a quick ratio of 1.41 and a current ratio of 1.49.
Famous Dave's of America (NASDAQ:DAVE) last posted its earnings results on Monday, November 13th. The restaurant operator reported ($0.01) EPS for the quarter, beating the Zacks’ consensus estimate of ($0.05) by $0.04. Famous Dave's of America had a positive return on equity of 0.17% and a negative net margin of 5.74%. The company had revenue of $21.90 million for the quarter, compared to the consensus estimate of $21.48 million. During the same quarter in the previous year, the business earned $0.01 earnings per share. The company’s revenue for the quarter was down 13.6% on a year-over-year basis. research analysts predict that Famous Dave's of America, Inc. will post 0.07 earnings per share for the current fiscal year.
An institutional investor recently raised its position in Famous Dave's of America stock. Bandera Partners LLC grew its position in Famous Dave's of America, Inc. (NASDAQ:DAVE) by 31.0% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,093,265 shares of the restaurant operator’s stock after buying an additional 258,893 shares during the quarter. Famous Dave's of America accounts for 3.6% of Bandera Partners LLC’s holdings, making the stock its 8th largest holding. Bandera Partners LLC owned approximately 15.71% of Famous Dave's of America worth $3,936,000 at the end of the most recent reporting period. Institutional investors and hedge funds own 62.01% of the company’s stock.
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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.
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