Insider Selling: Famous Dave’s Of Ame CFO Sells 7,000 Shares of Stock (DAVE)
Famous Dave’s Of Ame (NASDAQ:DAVE) CFO Diana G. Purcel sold 7,000 shares of Famous Dave’s Of Ame stock on the open market in a transaction that occurred on Friday, May 30th. The stock was sold at an average price of $32.11, for a total value of $224,770.00. Following the transaction, the chief financial officer now directly owns 21,550 shares in the company, valued at approximately $691,971. The sale was disclosed in a filing with the SEC, which can be accessed through this link.
Separately, 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.
Shares of Famous Dave’s Of Ame (NASDAQ:DAVE) traded up 0.09% during mid-day trading on Monday, hitting $32.10. The stock had a trading volume of 69,359 shares. Famous Dave’s Of Ame has a 52 week low of $11.74 and a 52 week high of $34.26. The stock’s 50-day moving average is $27.84 and its 200-day moving average is $23.59. The company has a market cap of $229.7 million and a price-to-earnings ratio of 46.89.
Famous Dave’s Of Ame (NASDAQ:DAVE) last posted its quarterly earnings results on Wednesday, April 23rd. The company reported $0.07 earnings per share for the quarter, missing the analysts’ 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 prior year, the company posted $0.01 earnings per share. The company’s quarterly revenue 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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