Famous Dave’s of America, Inc. (DAVE) Downgraded by Zacks Investment Research to Hold

Zacks Investment Research lowered shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) from a buy rating to a hold rating in a report released on Wednesday morning.

According to Zacks, “Famous Dave’s owns, operates and franchises barbeque restaurants and blues clubs. The company currently owns locations and franchises locations in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for an additional franchised locations. Its menu features award-winning barbecued and grilled meats, an ample selection of salads, side items, sandwiches and unique desserts. (Press Release) “

Separately, ValuEngine upgraded shares of Famous Dave’s of America from a sell rating to a hold rating in a research report on Friday, September 1st.

Shares of Famous Dave’s of America (DAVE) traded down 0.4949% during mid-day trading on Wednesday, hitting $3.8807. 8,133 shares of the company traded hands. The firm’s market cap is $27.00 million. The firm has a 50-day moving average price of $4.14 and a 200 day moving average price of $3.91. Famous Dave’s of America has a 52-week low of $3.38 and a 52-week high of $6.60.

Famous Dave’s of America (NASDAQ:DAVE) last announced its earnings results on Monday, August 14th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. The firm had revenue of $25.30 million during the quarter, compared to analyst estimates of $26.06 million. Famous Dave’s of America had a negative net margin of 6.19% and a positive return on equity of 0.70%. Famous Dave’s of America’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities research analysts anticipate that Famous Dave’s of America will post ($0.06) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/19/famous-daves-of-america-inc-dave-downgraded-by-zacks-investment-research-to-hold.html.

In other Famous Dave’s of America news, major shareholder Bandera Partners Llc purchased 21,629 shares of the business’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $3.45 per share, with a total value of $74,620.05. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles William Mooty purchased 16,256 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $4.00 per share, with a total value of $65,024.00. Following the completion of the acquisition, the director now directly owns 83,256 shares in the company, valued at approximately $333,024. The disclosure for this purchase can be found here. Insiders purchased a total of 62,092 shares of company stock valued at $229,566 in the last quarter. 27.00% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Famous Dave’s of America stock. Perkins Capital Management Inc. raised its position in shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 11.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,100 shares of the restaurant operator’s stock after buying an additional 18,500 shares during the quarter. Perkins Capital Management Inc. owned 2.53% of Famous Dave’s of America worth $634,000 at the end of the most recent quarter. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

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 servi

According to Zacks, “Famous Dave’s owns, operates and franchises barbeque restaurants and blues clubs. The company currently owns locations and franchises locations in Minnesota, Wisconsin, Illinois, Iowa, Nebraska, Utah, Maryland and Virginia and has signed development agreements for an additional franchised locations. Its menu features award-winning barbecued and grilled meats, an ample selection of salads, side items, sandwiches and unique desserts. (Press Release) “

Separately, ValuEngine upgraded shares of Famous Dave’s of America from a sell rating to a hold rating in a research report on Friday, September 1st.

Shares of Famous Dave’s of America (DAVE) traded down 0.4949% during mid-day trading on Wednesday, hitting $3.8807. 8,133 shares of the company traded hands. The firm’s market cap is $27.00 million. The firm has a 50-day moving average price of $4.14 and a 200 day moving average price of $3.91. Famous Dave’s of America has a 52-week low of $3.38 and a 52-week high of $6.60.

Famous Dave’s of America (NASDAQ:DAVE) last announced its earnings results on Monday, August 14th. The restaurant operator reported $0.16 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.09 by $0.07. The firm had revenue of $25.30 million during the quarter, compared to analyst estimates of $26.06 million. Famous Dave’s of America had a negative net margin of 6.19% and a positive return on equity of 0.70%. Famous Dave’s of America’s revenue was down 8.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.17 EPS. Equities research analysts anticipate that Famous Dave’s of America will post ($0.06) EPS for the current fiscal year.

TRADEMARK VIOLATION WARNING: This news story was posted by The Ledger Gazette and is the sole property of of The Ledger Gazette. If you are viewing this news story on another site, it was copied illegally and republished in violation of US and international trademark & copyright law. The original version of this news story can be viewed at https://ledgergazette.com/2017/10/19/famous-daves-of-america-inc-dave-downgraded-by-zacks-investment-research-to-hold.html.

In other Famous Dave’s of America news, major shareholder Bandera Partners Llc purchased 21,629 shares of the business’s stock in a transaction on Monday, August 14th. The stock was bought at an average cost of $3.45 per share, with a total value of $74,620.05. The acquisition was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Charles William Mooty purchased 16,256 shares of the business’s stock in a transaction on Monday, August 21st. The stock was acquired at an average cost of $4.00 per share, with a total value of $65,024.00. Following the completion of the acquisition, the director now directly owns 83,256 shares in the company, valued at approximately $333,024. The disclosure for this purchase can be found here. Insiders purchased a total of 62,092 shares of company stock valued at $229,566 in the last quarter. 27.00% of the stock is currently owned by insiders.

A hedge fund recently raised its stake in Famous Dave’s of America stock. Perkins Capital Management Inc. raised its position in shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 11.7% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 176,100 shares of the restaurant operator’s stock after buying an additional 18,500 shares during the quarter. Perkins Capital Management Inc. owned 2.53% of Famous Dave’s of America worth $634,000 at the end of the most recent quarter. 62.42% of the stock is currently owned by hedge funds and other institutional investors.

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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