Famous Dave's of America (DAVE) Stock Price, News & Analysis

Company Overview

Famous Dave's of America, Inc. develops, owns, operates, and franchises barbeque restaurants under the Famous Dave's name. It offers smoked, barbequed, and grilled meats, as well as entrée items and delicious side dishes that are prepared using prepared proprietary seasonings, sauces, and mixes. The company operates full-service and counter-service restaurants. As of March 4, 2019, it owned 17 locations and franchised 124 restaurants in 33 states, the Commonwealth of Puerto Rico, Canada, and the United Arab Emirates. Famous Dave's of America, Inc. was founded in 1994 and is headquartered in Minnetonka, Minnesota.

Key Stats

• Today's Range: $76.88 to $84.07
• 50-Day Range: $4.09 to $4.93
• 52-Week Range: $3.60 to $6.65
• Volume: 222,237 shs
• Average Volume: 633,473 shs
• Market Capitalization: $988.26 million
• P/E Ratio: 24.92
• Dividend Yield: N/A
• Price Target: $77.80
• Consensus Rating: Buy

Famous Dave's of America Stock Analysis - MarketRank™

Famous Dave's of America scored higher than 34% of companies evaluated by MarketBeat, and ranked 238th out of 323 stocks in the business services sector. Scores are calculated by averaging available category scores, with extra weight given to analysis and valuation.

Analyst's Opinion

• Score: 1.6 / 5
• Analyst Rating: Buy

Consensus Rating

Famous Dave's of America has received a consensus rating of Buy. The company's average rating score is 3.17, and is based on 5 buy ratings, no hold ratings, and no sell ratings.

Amount of Analyst Coverage

Famous Dave's of America has only been the subject of 4 research reports in the past 90 days.

Earnings and Valuation

• Score: 3.1 / 5
• Proj. Earnings Growth: 197.87%

Earnings Growth

Earnings for Famous Dave's of America are expected to grow by 197.87% in the coming year, from $0.47 to $1.40 per share.

Price to Earnings Ratio vs. the Market

The P/E ratio of Famous Dave's of America is 24.92, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 127.32.

Price to Earnings Ratio vs. Sector

The P/E ratio of Famous Dave's of America is 24.92, which means that it is trading at a less expensive P/E ratio than the Business Services sector average P/E ratio of about 36.84.

Price to Book Value per Share Ratio

Famous Dave's of America has a P/B Ratio of 6.34. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

Short Interest

• Score: 3.0 / 5
• Short Interest Level: Healthy

Percentage of Shares Shorted

21.14% of the float of Famous Dave's of America has been sold short.

Short Interest Ratio / Days to Cover

Famous Dave's of America has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Famous Dave's of America has recently decreased by 11.43%, indicating that investor sentiment is improving significantly.

Dividend

• Score: 0.0 / 5
• Dividend Strength: N/A

Dividend Yield

Famous Dave's of America does not currently pay a dividend.

Dividend Growth

Famous Dave's of America does not have a long track record of dividend growth.

Sustainability and ESG

• Score: N/A
• Environmental Score: N/A

Percentage of Shares Shorted

21.14% of the float of Famous Dave's of America has been sold short.

Short Interest Ratio / Days to Cover

Famous Dave's of America has a short interest ratio ("days to cover") of 6.2.

Change versus previous month

Short interest in Famous Dave's of America has recently decreased by 11.43%, indicating that investor sentiment is improving significantly.

News and Social Media

• Score: 0.6 / 5
• News Sentiment: 0.00

News Coverage This Week

MarketBeat has tracked 3 news articles for Famous Dave's of America this week, compared to 6 articles on an average week.

Search Interest

43 people have searched for DAVE on MarketBeat in the last 30 days. This is an increase of 258% compared to the previous 30 days.

MarketBeat Follows

Only 2 people have added Famous Dave's of America to their MarketBeat watchlist in the last 30 days. This is a decrease of -50% compared to the previous 30 days.

Company Ownership

• Score: 0.8 / 5
• Insider Trading: Selling Shares

Insider Buying vs. Insider Selling

In the past three months, Famous Dave's of America insiders have sold more of their company's stock than they have bought. Specifically, they have bought $0.00 in company stock and sold $41,372,314.00 in company stock.

Percentage Held by Insiders

Only 1.75% of the stock of Famous Dave's of America is held by insiders.

Percentage Held by Institutions

Only 18.01% of the stock of Famous Dave's of America is held by institutions.

DAVE Stock Analysis - Frequently Asked Questions

How were Famous Dave's of America's earnings last quarter?

Famous Dave's of America, Inc. (NASDAQ:DAVE) released its quarterly earnings results on Tuesday, March, 5th. The restaurant operator reported $0.03 earnings per share (EPS) for the quarter, topping the consensus estimate of ($2.05) by $2.08. The restaurant operator had revenue of $73.20 million for the quarter. Famous Dave's of America had a net margin of 12.92% and a trailing twelve-month return on equity of 17.16%.

Who are Famous Dave's of America's major shareholders?

Top institutional investors of Famous Dave's of America include Quadrature Capital Ltd (0.15%), MetLife Investment Management LLC (0.04%) and Parallax Volatility Advisers L.P.. Insiders that own company stock include 32 Fund 1 Lp Section, Kyle Beilman, Jason Wilk, Yadin Rozov and Dan Preston.
View institutional ownership trends.

What other stocks do shareholders of Famous Dave's of America own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Famous Dave's of America investors own include NVIDIA (NVDA), Broadcom (AVGO), Meta Platforms (META), Arista Networks (ANET), Adobe (ADBE), e.l.f. Beauty (ELF) and Jabil (JBL).

Company Calendar

• Last Earnings: 3/05/2024
• Today: 11/21/2024
• Fiscal Year End: 12/31/2024
• Next Earnings (Estimated): 3/04/2025

Industry, Sector and Symbol

• Stock Exchange: NASDAQ
• Sector: Business Services
• Industry: Nondepository credit institutions
• Sub-Industry: N/A
• Current Symbol: NASDAQ:DAVE
• CUSIP: N/A
• CIK: 1021270
• Web: www.famousdaves.com
• Phone: 952-294-1300
• Fax: N/A
• Employees: 101
• Year Founded: N/A

Price Target and Rating

• Average Stock Price Target: $77.80
• High Stock Price Target: $115.00
• Low Stock Price Target: $53.00
• Potential Upside/Downside: -0.3%
• Consensus Rating: Buy
• Rating Score (0-4): 3.17
• Research Coverage: 6 Analysts

Profitability

• EPS (Most Recent Fiscal Year): $3.13
• Trailing P/E Ratio: 24.92
• Forward P/E Ratio: 165.96
• P/E Growth: N/A
• Net Income: $-48,520,000.00
• Net Margins: 12.92%
• Pretax Margin: 13.51%
• Return on Equity: 17.16%
• Return on Assets: 8.38%

Debt

• Debt-to-Equity Ratio: 0.48
• Current Ratio: 6.81
• Quick Ratio: 6.81

Sales & Book Value

• Annual Sales: $259.09 million
• Price / Sales: 3.81
• Cash Flow: N/A
• Price / Cash Flow: N/A
• Book Value: $12.30 per share
• Price / Book: 6.34

Miscellaneous

• Outstanding Shares: 12,670,000
• Free Float: 12,447,000
• Market Cap: $988.26 million
• Optionable: Optionable
• Beta: 2.83