Famous Dave’s of America (NASDAQ:DAVE) Announces Earnings Results

Famous Dave’s of America (NASDAQ:DAVE) announced its quarterly earnings results on Monday. The restaurant operator reported $0.15 EPS for the quarter, topping the Zacks’ consensus estimate of $0.07 by $0.08, Morningstar.com reports. The business had revenue of $21.13 million for the quarter. Famous Dave’s of America had a return on equity of 19.77% and a net margin of 5.72%.

DAVE opened at $4.11 on Thursday. The company has a quick ratio of 1.42, a current ratio of 1.51 and a debt-to-equity ratio of 0.85. Famous Dave’s of America has a 52-week low of $3.60 and a 52-week high of $7.20. The stock has a market capitalization of $40.81 million, a PE ratio of 9.17 and a beta of 1.07. The company’s 50 day simple moving average is $4.68.

An institutional investor recently bought a new position in Famous Dave’s of America stock. BerganKDV Wealth Management LLC acquired a new position in Famous Dave’s of America, Inc. (NASDAQ:DAVE) in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 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 at the end of the most recent reporting period. Institutional investors own 52.11% of the company’s stock.

Separately, Maxim Group reaffirmed a “buy” rating and issued a $8.00 price target on shares of Famous Dave’s of America in a research note on Wednesday.

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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