Famous Dave’s of America, Inc. (NASDAQ:DAVE) major shareholder Bandera Partners Llc purchased 8,040 shares of Famous Dave’s of America stock in a transaction that occurred on Monday, June 19th. The shares were bought at an average price of $3.45 per share, for a total transaction of $27,738.00. The transaction was disclosed in a document filed with the SEC, which is available at this link. Large shareholders that own more than 10% of a company’s stock are required to disclose their transactions with the SEC.

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

  • On Thursday, June 15th, Bandera Partners Llc purchased 250,353 shares of Famous Dave’s of America stock. The shares were bought at an average price of $3.50 per share, for a total transaction of $876,235.50.
  • On Friday, March 31st, Bandera Partners Llc purchased 500 shares of Famous Dave’s of America stock. The shares were bought at an average price of $3.80 per share, for a total transaction of $1,900.00.

Shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) traded up 1.43% on Wednesday, reaching $3.55. 24,223 shares of the company traded hands. The company’s market capitalization is $24.70 million. Famous Dave’s of America, Inc. has a one year low of $3.38 and a one year high of $6.73. The firm’s 50 day moving average is $3.95 and its 200 day moving average is $4.61.

Famous Dave’s of America (NASDAQ:DAVE) last announced its quarterly earnings results on Monday, May 15th. The restaurant operator reported ($0.05) EPS for the quarter, missing the Zacks’ 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 firm had revenue of $22 million for the quarter, compared to analyst estimates of $21.15 million. During the same period in the previous year, the business posted ($0.01) earnings per share. The business’s revenue for the quarter was down 6.4% compared to the same quarter last year. Analysts expect that Famous Dave’s of America, Inc. will post ($0.09) earnings per share for the current fiscal year.

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Several hedge funds have recently made changes to their positions in DAVE. Raging Capital Management LLC raised its stake in shares of 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 worth $2,378,000 after buying an additional 80,098 shares during the last quarter. Renaissance Technologies LLC raised its stake in shares of 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 worth $1,566,000 after buying an additional 17,700 shares during the last quarter. Vanguard Group Inc. raised its stake in shares of Famous Dave’s of America by 1.2% in the first quarter. Vanguard Group Inc. now owns 254,811 shares of the restaurant operator’s stock worth $981,000 after buying an additional 2,924 shares during the last quarter. Finally, Perkins Capital Management Inc. raised its stake 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 worth $615,000 after buying an additional 33,600 shares during the last quarter. 61.40% of the stock is currently owned by hedge funds and other institutional investors.

Separately, Zacks Investment Research downgraded shares of Famous Dave’s of America from a “hold” rating to a “strong sell” rating in a research report on Thursday, March 9th.

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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