Famous Dave’s of America, Inc. (NASDAQ:DAVE) Major Shareholder Bandera Partners Llc Acquires 8,502 Shares

Famous Dave’s of America, Inc. (NASDAQ:DAVE) major shareholder Bandera Partners Llc bought 8,502 shares of the stock in a transaction that occurred on Tuesday, July 18th. The shares were purchased at an average price of $3.45 per share, with a total value of $29,331.90. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Major shareholders that own 10% or more of a company’s shares are required to disclose their transactions with the SEC.

Bandera Partners Llc also recently made the following trade(s):

  • On Monday, July 17th, Bandera Partners Llc bought 120 shares of Famous Dave’s of America stock. The shares were purchased at an average price of $3.45 per share, with a total value of $414.00.
  • On Monday, June 19th, Bandera Partners Llc bought 8,040 shares of Famous Dave’s of America stock. The shares were purchased at an average price of $3.45 per share, with a total value of $27,738.00.
  • On Thursday, June 15th, Bandera Partners Llc bought 250,353 shares of Famous Dave’s of America stock. The shares were purchased at an average price of $3.50 per share, with a total value of $876,235.50.

Shares of Famous Dave’s of America, Inc. (NASDAQ DAVE) traded up 1.4257% during trading on Friday, hitting $3.5499. The stock had a trading volume of 1,114 shares. The firm’s market cap is $24.70 million. The stock has a 50-day moving average of $3.66 and a 200 day moving average of $4.43. Famous Dave’s of America, Inc. has a 12-month low of $3.38 and a 12-month high of $6.73.

Famous Dave’s of America (NASDAQ:DAVE) last posted its earnings results on Monday, May 15th. The restaurant operator reported ($0.05) EPS for the quarter, missing the consensus estimate of ($0.02) by $0.03. Famous Dave’s of America had a negative net margin of 4.59% and a positive return on equity of 1.13%. The business had revenue of $22 million during the quarter, compared to analyst estimates of $21.15 million. During the same quarter in the prior year, the business earned ($0.01) earnings per share. The firm’s revenue was down 6.4% compared to the same quarter last year. On average, analysts predict that Famous Dave’s of America, Inc. will post ($0.09) earnings per share for the current fiscal year.

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Separately, Zacks Investment Research upgraded Famous Dave’s of America from a “strong sell” rating to a “hold” rating in a research note on Tuesday, May 9th.

Several institutional investors have recently modified their holdings of DAVE. Perkins Capital Management Inc. boosted its position in shares of Famous Dave’s of America by 27.1% in the first quarter. Perkins Capital Management Inc. now owns 157,600 shares of the restaurant operator’s stock valued at $615,000 after buying an additional 33,600 shares during the period. Renaissance Technologies LLC raised its stake in Famous Dave’s of America by 5.9% in the fourth quarter. Renaissance Technologies LLC now owns 316,300 shares of the restaurant operator’s stock valued at $1,566,000 after buying an additional 17,700 shares in the last quarter. Finally, Raging Capital Management LLC raised its stake in Famous Dave’s of America by 14.9% in the first quarter. Raging Capital Management LLC now owns 617,715 shares of the restaurant operator’s stock valued at $2,378,000 after buying an additional 80,098 shares in the last quarter. Institutional investors own 61.40% of the company’s stock.

About Famous Dave’s of America

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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