Famous Dave’s of America, Inc. (DAVE) Posts Quarterly Earnings Results, Beats Expectations By $0.04 EPS
Famous Dave’s of America, Inc. (NASDAQ:DAVE) announced its quarterly earnings results on Monday. The restaurant operator reported ($0.01) earnings per share (EPS) for the quarter, topping the consensus estimate of ($0.05) by $0.04, Bloomberg Earnings reports. The business had revenue of $21.90 million for the quarter, compared to the consensus estimate of $21.48 million. Famous Dave’s of America had a positive return on equity of 0.70% and a negative net margin of 6.19%. The business’s revenue was down 13.6% on a year-over-year basis. During the same quarter last year, the business posted $0.01 EPS.
Shares of Famous Dave’s of America (NASDAQ:DAVE) opened at $3.90 on Tuesday. The company has a debt-to-equity ratio of 0.56, a quick ratio of 1.45 and a current ratio of 1.57. The firm has a market capitalization of $25.40, a price-to-earnings 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.
Several analysts recently issued reports on the company. Zacks Investment Research raised Famous Dave’s of America from a “hold” rating to a “buy” rating and set a $4.50 price target on the stock in a report on Thursday, October 26th. ValuEngine raised Famous Dave’s of America from a “sell” rating to a “hold” rating in a report on Friday, September 1st.
In other Famous Dave’s of America news, Director Charles William Mooty bought 16,256 shares of the business’s stock in a transaction on Monday, August 21st. The shares were purchased at an average price of $4.00 per share, with a total value of $65,024.00. Following the purchase, the director now directly owns 83,256 shares of the company’s stock, valued at $333,024. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders have acquired a total of 22,755 shares of company stock worth $93,853 in the last ninety days. 27.00% of the stock is owned by company insiders.
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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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