$0.10 EPS Expected for Famous Dave's of America, Inc. (DAVE) This Quarter

Brokerages forecast that Famous Dave's of America, Inc. (NASDAQ:DAVE) will report earnings of $0.10 per share for the current fiscal quarter, Zacks Investment Research reports. Two analysts have provided estimates for Famous Dave's of America’s earnings. The highest EPS estimate is $0.11 and the lowest is $0.09. Famous Dave's of America posted earnings per share of $0.17 in the same quarter last year, which suggests a negative year over year growth rate of 41.2%. The business is expected to announce its next earnings results on Monday, August 21st.

According to Zacks, analysts expect that Famous Dave's of America will report full year earnings of $0.02 per share for the current financial year, with EPS estimates ranging from ($0.09) to $0.13. For the next year, analysts anticipate that the firm will post earnings of ($0.10) per share. Zacks Investment Research’s earnings per share averages are an average based on a survey of sell-side research firms that follow Famous Dave's of America.

Famous Dave's of America (NASDAQ:DAVE) last issued its quarterly earnings data on Monday, May 15th. The restaurant operator reported ($0.05) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. The firm had revenue of $22 million for the quarter, compared to the consensus estimate of $21.15 million. Famous Dave's of America had a positive return on equity of 2.79% and a negative net margin of 7.25%. Famous Dave's of America’s quarterly revenue was down 6.4% compared to the same quarter last year. During the same period in the prior year, the company posted ($0.01) earnings per share.

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

Shares of Famous Dave's of America (NASDAQ:DAVE) remained flat at $3.90 during mid-day trading on Monday. The stock had a trading volume of 8,086 shares. The company’s market capitalization is $27.13 million. Famous Dave's of America has a 12 month low of $3.75 and a 12 month high of $6.73. The stock has a 50 day moving average price of $4.01 and a 200 day moving average price of $4.77.

Large investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its stake in 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. Renaissance Technologies LLC raised its stake in 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. Perkins Capital Management Inc. raised its stake in 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. Finally, Raging Capital Management LLC raised its stake in 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. 72.26% of the stock is currently owned by hedge funds and other institutional investors.

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Famous Dave's of America Company Profile

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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