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Famous Dave’s Of Ame (NASDAQ:DAVE)’s share price rose 7.7% on Friday following insider buying activity, StockRatingsNetwork reports. The company traded as high as $30.86 and last traded at $29.93, with a volume of 56,587 shares trading hands. The stock had previously closed at $27.78.

Specifically, major shareholder Pleasant Lake Partners Llc bought 27,500 shares of Famous Dave’s Of Ame stock in a transaction that occurred on Thursday, May 8th. The shares were purchased at an average cost of $27.38 per share, with a total value of $752,950.00. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their sales and purchases with the SEC.

Several analysts have recently commented on the stock. Analysts at Zacks downgraded shares of Famous Dave’s Of Ame from an “outperform” rating to a “neutral” rating in a research note on Wednesday, April 16th. They now have a $30.00 price target on the stock. Four analysts have rated the stock with a hold rating and one has given a buy rating to the stock. The stock currently has a consensus rating of “Hold” and an average price target of $22.33.

The stock’s 50-day moving average is $26.45 and its 200-day moving average is $22.29. The company has a market cap of $215.6 million and a price-to-earnings ratio of 40.61.

Famous Dave’s Of Ame (NASDAQ:DAVE) last announced its earnings results on Wednesday, April 23rd. The company reported $0.07 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.16 by $0.09. The company had revenue of $35.70 million for the quarter, compared to the consensus estimate of $36.66 million. During the same quarter in the previous year, the company posted $0.01 earnings per share. The company’s revenue for the quarter was down 2.5% on a year-over-year basis. On average, analysts predict that Famous Dave’s Of Ame will post $0.97 earnings per share for the current fiscal year.

Famous Dave’s of America, Inc (NASDAQ:DAVE) operates restaurants.

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