Famous Dave’s of America, Inc. (DAVE) Shares Bought by Macquarie Group Ltd.

Macquarie Group Ltd. grew its stake in Famous Dave’s of America, Inc. (NASDAQ:DAVE) by 132.3% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 39,195 shares of the restaurant operator’s stock after purchasing an additional 22,326 shares during the period. Macquarie Group Ltd. owned about 0.43% of Famous Dave’s of America worth $265,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Dynamic Technology Lab Private Ltd acquired a new stake in Famous Dave’s of America in the 1st quarter worth $123,000. California Public Employees Retirement System grew its position in Famous Dave’s of America by 37.9% in the 1st quarter. California Public Employees Retirement System now owns 34,344 shares of the restaurant operator’s stock worth $244,000 after purchasing an additional 9,434 shares during the last quarter. Acadian Asset Management LLC grew its position in Famous Dave’s of America by 1,991.6% in the 2nd quarter. Acadian Asset Management LLC now owns 41,560 shares of the restaurant operator’s stock worth $281,000 after purchasing an additional 39,573 shares during the last quarter. Dimensional Fund Advisors LP grew its position in Famous Dave’s of America by 21.1% in the 2nd quarter. Dimensional Fund Advisors LP now owns 213,077 shares of the restaurant operator’s stock worth $1,438,000 after purchasing an additional 37,063 shares during the last quarter. Finally, Perkins Capital Management Inc. grew its position in Famous Dave’s of America by 17.2% in the 2nd quarter. Perkins Capital Management Inc. now owns 224,464 shares of the restaurant operator’s stock worth $1,515,000 after purchasing an additional 32,864 shares during the last quarter. Institutional investors own 54.48% of the company’s stock.

NASDAQ DAVE opened at $6.40 on Tuesday. The company has a current ratio of 2.03, a quick ratio of 1.96 and a debt-to-equity ratio of 0.16. The firm has a market capitalization of $59.55 million, a price-to-earnings ratio of 320.00 and a beta of 1.08. Famous Dave’s of America, Inc. has a 52-week low of $3.55 and a 52-week high of $9.65.

Famous Dave’s of America (NASDAQ:DAVE) last issued its earnings results on Monday, August 13th. The restaurant operator reported $0.19 earnings per share for the quarter, beating the consensus estimate of $0.14 by $0.05. Famous Dave’s of America had a negative net margin of 5.22% and a positive return on equity of 14.23%. The business had revenue of $14.54 million for the quarter.

In other news, Director Pw Partners Atlas Fund Lp sold 137,459 shares of Famous Dave’s of America stock in a transaction dated Friday, August 17th. The shares were sold at an average price of $6.47, for a total transaction of $889,359.73. Following the sale, the director now directly owns 61,277 shares in the company, valued at approximately $396,462.19. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, major shareholder David Kanen bought 8,367 shares of the firm’s stock in a transaction dated Wednesday, September 19th. The shares were acquired at an average price of $6.45 per share, for a total transaction of $53,967.15. The disclosure for this purchase can be found here. Over the last quarter, insiders have bought 141,773 shares of company stock worth $909,987. 23.60% of the stock is owned by company insiders.

Separately, TheStreet upgraded shares of Famous Dave’s of America from a “d+” rating to a “c” rating in a research report on Monday, September 10th.

Famous Dave’s of America Profile

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.

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Institutional Ownership by Quarter for Famous Dave`s of America (NASDAQ:DAVE)

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