Wexford Capital LP continued to hold its stake in Famous Dave’s of America, Inc. (NASDAQ:DAVE) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 1,332,711 shares of the restaurant operator’s stock at the end of the first quarter. Wexford Capital LP owned about 19.16% of Famous Dave’s of America worth $5,198,000 as of its most recent SEC filing.
A number of other hedge funds have also recently bought and sold shares of the company. Perkins Capital Management Inc. raised its position 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 in the last quarter. Renaissance Technologies LLC raised its stake in shares of 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 period. Finally, Raging Capital Management LLC purchased a new stake in shares of Famous Dave’s of America during the fourth quarter worth about $2,661,000. Institutional investors and hedge funds own 61.40% of the company’s stock.
Shares of Famous Dave’s of America, Inc. (NASDAQ:DAVE) traded down 1.41% on Tuesday, reaching $3.50. 10,785 shares of the company’s stock traded hands. The stock has a 50-day moving average price of $3.96 and a 200-day moving average price of $4.62. The company’s market cap is $24.35 million. Famous Dave’s of America, Inc. has a 12-month low of $3.38 and a 12-month high of $6.73.
Famous Dave’s of America (NASDAQ:DAVE) last released its quarterly earnings results on Monday, May 15th. The restaurant operator reported ($0.05) EPS for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.02) by $0.03. Famous Dave’s of America had a positive return on equity of 1.13% and a negative net margin of 4.59%. The company had revenue of $22 million for the quarter, compared to analysts’ expectations of $21.15 million. During the same quarter last year, the company earned ($0.01) EPS. Famous Dave’s of America’s revenue for the quarter was down 6.4% compared to the same quarter last year. Equities research analysts anticipate that Famous Dave’s of America, Inc. will post ($0.09) EPS for the current fiscal year.
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Separately, Zacks Investment Research lowered shares of Famous Dave’s of America from a “hold” rating to a “strong sell” rating in a research note on Thursday, March 9th.
In related news, major shareholder Bandera Partners Llc purchased 250,353 shares of the business’s stock in a transaction dated Thursday, June 15th. The stock was acquired at an average price of $3.50 per share, for a total transaction of $876,235.50. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 27.00% of the stock is owned by corporate insiders.
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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