Famous Dave’s of America, Inc. (DAVE) Major Shareholder Bandera Partners Llc Purchases 17,708 Shares

Famous Dave’s of America, Inc. (NASDAQ:DAVE) major shareholder Bandera Partners Llc bought 17,708 shares of Famous Dave’s of America stock in a transaction dated Thursday, August 10th. The stock was acquired at an average price of $3.45 per share, for a total transaction of $61,092.60. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Major 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 Monday, July 17th, Bandera Partners Llc bought 120 shares of Famous Dave’s of America stock. The stock was acquired at an average price of $3.45 per share, for a total transaction of $414.00.
  • On Tuesday, July 18th, Bandera Partners Llc bought 8,502 shares of Famous Dave’s of America stock. The stock was acquired at an average price of $3.45 per share, for a total transaction of $29,331.90.
  • On Monday, June 19th, Bandera Partners Llc bought 8,040 shares of Famous Dave’s of America stock. The stock was acquired at an average price of $3.45 per share, for a total transaction of $27,738.00.
  • On Thursday, June 15th, Bandera Partners Llc bought 250,353 shares of Famous Dave’s of America stock. The stock was acquired at an average price of $3.50 per share, for a total transaction of $876,235.50.

Shares of Famous Dave’s of America, Inc. (DAVE) traded up 0.725% during trading on Thursday, reaching $3.475. 11,377 shares of the company traded hands. The stock’s market capitalization is $24.18 million. Famous Dave’s of America, Inc. has a 52 week low of $3.38 and a 52 week high of $6.73. The firm has a 50 day moving average of $3.57 and a 200 day moving average of $4.26.

Famous Dave’s of America (NASDAQ:DAVE) last posted its quarterly earnings results 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 business had revenue of $22 million during the quarter, compared to analysts’ expectations of $21.15 million. Famous Dave’s of America had a positive return on equity of 1.13% and a negative net margin of 4.59%. The business’s quarterly revenue was down 6.4% on a year-over-year basis. During the same period in the prior year, the business posted ($0.01) earnings per share. On average, equities analysts predict that Famous Dave’s of America, Inc. will post ($0.09) EPS for the current year.

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Institutional investors have recently bought and sold shares of the company. Perkins Capital Management Inc. boosted 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 valued at $615,000 after buying an additional 33,600 shares during the last quarter. Renaissance Technologies LLC boosted 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 valued at $1,566,000 after buying an additional 17,700 shares during the last quarter. Finally, Raging Capital Management LLC boosted 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 valued at $2,378,000 after buying an additional 80,098 shares during the last quarter. 60.54% 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 “sell” rating in a report on Monday, July 17th.

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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