Famous Dave’s Of Ame Trading 4.8% Higher on Insider Buying Activity (DAVE)
Shares of Famous Dave’s Of Ame (NASDAQ:DAVE) traded up 4.8% during mid-day trading on Wednesday after an insider bought additional shares in the company, American Banking and Market News reports. The company traded as high as $31.49 and last traded at $31.39, with a volume of 77,378 shares changing hands. The stock had previously closed at $29.94.
Specifically, major shareholder Pleasant Lake Partners Llc bought 10,000 shares of the stock in a transaction that occurred on Friday, June 13th. The stock was purchased at an average price of $32.46 per share, for a total transaction of $324,600.00. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Major shareholders that own 10% or more of a company’s shares are required to disclose their sales and purchases with the SEC.
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.
The stock has a 50-day moving average of $30.40 and a 200-day moving average of $24.72. The company has a market cap of $224.4 million and a price-to-earnings ratio of 43.77.
Famous Dave’s Of Ame (NASDAQ:DAVE) last announced its earnings results on Wednesday, April 23rd. The company reported $0.07 EPS for the quarter, missing the Thomson Reuters 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. Analysts expect that Famous Dave’s Of Ame will post $0.97 EPS for the current fiscal year.
Famous Dave’s of America, Inc (NASDAQ:DAVE) operates restaurants.
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