Famous Dave’s (DAVE) Announces Quarterly Earnings Results, Beats Expectations By $0.06 EPS

Famous Dave’s (NASDAQ:DAVE) announced its quarterly earnings results on Monday. The restaurant operator reported $0.13 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.07 by $0.06, Fidelity Earnings reports. Famous Dave’s had a positive return on equity of 2.94% and a negative net margin of 9.94%.

Famous Dave’s opened at $7.80 on Tuesday, Marketbeat.com reports. The company has a debt-to-equity ratio of 0.68, a quick ratio of 1.56 and a current ratio of 1.62. Famous Dave’s has a 1-year low of $7.80 and a 1-year high of $7.90. The firm has a market capitalization of $59.37 million, a price-to-earnings ratio of 390.00 and a beta of 0.97.

In other Famous Dave’s news, insider David Kanen acquired 20,309 shares of the business’s stock in a transaction on Thursday, May 10th. The shares were acquired at an average price of $7.71 per share, with a total value of $156,582.39. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. 23.60% of the stock is currently owned by insiders.

DAVE has been the subject of several recent research reports. ValuEngine upgraded Famous Dave’s from a “hold” rating to a “buy” rating in a report on Monday, April 2nd. Zacks Investment Research downgraded Famous Dave’s from a “strong-buy” rating to a “hold” rating in a report on Tuesday, January 16th.

About Famous Dave’s

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.

Earnings History for Famous Dave`s (NASDAQ:DAVE)

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