Famous Dave’s of America (DAVE) Posts Earnings Results, Beats Expectations By $0.02 EPS

Famous Dave’s of America (NASDAQ:DAVE) released its quarterly earnings data on Monday. The restaurant operator reported $0.06 earnings per share for the quarter, beating analysts’ consensus estimates of $0.04 by $0.02, Morningstar.com reports. The firm had revenue of $14.19 million during the quarter. Famous Dave’s of America had a return on equity of 26.14% and a net margin of 8.86%.

Shares of Famous Dave’s of America stock traded down $0.13 during midday trading on Tuesday, reaching $4.72. 9,775 shares of the company’s stock traded hands, compared to its average volume of 19,306. The company has a quick ratio of 2.07, a current ratio of 2.15 and a debt-to-equity ratio of 0.11. The company has a market cap of $45.70 million, a PE ratio of 8.95 and a beta of 0.77. Famous Dave’s of America has a 12 month low of $3.60 and a 12 month high of $8.30.

In other Famous Dave’s of America news, Director David Kanen bought 26,033 shares of the firm’s stock in a transaction that occurred on Wednesday, March 13th. The stock was bought at an average price of $5.80 per share, for a total transaction of $150,991.40. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 43.00% of the stock is owned by corporate insiders.

An institutional investor recently bought a new position in Famous Dave’s of America stock. BerganKDV Wealth Management LLC bought a new stake in shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) in the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 25,000 shares of the restaurant operator’s stock, valued at approximately $142,000. BerganKDV Wealth Management LLC owned approximately 0.27% of Famous Dave’s of America as of its most recent SEC filing. Institutional investors own 51.19% of the company’s stock.

Separately, Maxim Group assumed coverage on Famous Dave’s of America in a research note on Wednesday, April 3rd. They set a “buy” rating and a $9.00 price objective for the company.

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Famous Dave’s of America Company Profile

Famous Dave's of America, Inc develops, owns, operates, and franchises barbeque restaurants under the Famous Dave's name. It offers smoked, barbequed, and grilled meats, as well as entrée items and delicious side dishes that are prepared using prepared proprietary seasonings, sauces, and mixes.

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Earnings History for Famous Dave`s of America (NASDAQ:DAVE)

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