Famous Dave’s Of Ame Stock Rating Upgraded by Zacks (DAVE)
Famous Dave’s Of Ame (NASDAQ:DAVE) was upgraded by Zacks from a “neutral” rating to an “outperform” rating in a research note issued on Monday, American Banking and Market News reports. The firm currently has a $26.00 target price on the stock. Zacks‘ price objective points to a potential upside of 4.88% from the stock’s previous close.
In other Famous Dave’s Of Ame news, major shareholder Pleasant Lake Partners Llc acquired 40,400 shares of Famous Dave’s Of Ame stock on the open market in a transaction dated Tuesday, February 11th. The stock was purchased at an average price of $19.19 per share, with a total value of $775,276.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Large shareholders that own at least 10% of a company’s stock are required to disclose their sales and purchases with the SEC.
Shares of Famous Dave’s Of Ame (NASDAQ:DAVE) traded up 4.95% during mid-day trading on Monday, hitting $24.79. 100,848 shares of the company’s stock traded hands. Famous Dave’s Of Ame has a 1-year low of $9.45 and a 1-year high of $25.23. The stock has a 50-day moving average of $18.95 and a 200-day moving average of $17.96. The company has a market cap of $179.3 million and a P/E ratio of 38.10.
Famous Dave’s Of Ame (NASDAQ:DAVE) last released its earnings data on Thursday, February 13th. The company reported $0.25 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.15 by $0.10. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $37.40 million. During the same quarter in the previous year, the company posted $0.10 earnings per share. The company’s revenue for the quarter was down 1.7% on a year-over-year basis. Analysts expect that Famous Dave’s Of Ame will post $1.07 EPS for the current fiscal year.
Separately, analysts at Thomson Reuters/Verus downgraded shares of Famous Dave’s Of Ame from a “buy” rating to a “hold” rating in a research note on Monday, January 13th. Four research analysts have rated the stock with a hold rating and two have given a buy rating to the stock. The company presently has an average rating of “Hold” and a consensus target price of $20.33.
Famous Dave’s of America, Inc (NASDAQ:DAVE) operates restaurants.
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