Short Interest Coverage: Is Buying Famous Daves of America Incorporated (NASDAQ:DAVE) Here Good Idea?

December 1, 2016 - By Linda Rogers   ·   0 Comments

Short Interest Coverage: Is Buying Famous Daves of America Incorporated (NASDAQ:DAVE) Here Good Idea?

The stock of Famous Daves of America Incorporated (NASDAQ:DAVE) registered an increase of 4.32% in short interest. DAVE’s total short interest was 335,900 shares in December as published by FINRA. Its up 4.32% from 322,000 shares, reported previously. With 11,100 shares average volume, it will take short sellers 30 days to cover their DAVE’s short positions. The short interest to Famous Daves of America Incorporated’s float is 10%. The stock decreased 3.13% or $0.15 on November 30, hitting $4.65. Famous Dave’s of America, Inc. (NASDAQ:DAVE) has declined 21.45% since April 28, 2016 and is downtrending. It has underperformed by 27.38% the S&P500.

Famous Dave’s of America, Inc. operates restaurants. The company has a market cap of $32.02 million. 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 currently has negative earnings. 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.

Insitutional Activity: The institutional sentiment increased to 2.6 in 2016 Q2. Its up 1.77, from 0.83 in 2016Q1. The ratio improved, as 4 funds sold all Famous Dave’s of America, Inc. shares owned while 8 reduced positions. 6 funds bought stakes while 4 increased positions. They now own 4.49 million shares or 1.47% less from 4.55 million shares in 2016Q1.
Amg Natl Trust Retail Bank last reported 20,000 shares in the company. Northern Trust Corp owns 23,855 shares or 0% of their US portfolio. Federated Investors Pa reported 927 shares or 0% of all its holdings. Blackrock Institutional Trust Na has 228,917 shares for 0% of their US portfolio. Bridgeway Mngmt has 52,000 shares for 0% of their US portfolio. Renaissance Tech Ltd holds 0% or 268,200 shares in its portfolio. Blue Clay Capital Mngmt Ltd Limited Liability Company owns 426,121 shares or 2.49% of their US portfolio. Morgan Stanley owns 77 shares or 0% of their US portfolio. Rothschild Inv Corp Il has 196,833 shares for 0.13% of their US portfolio. Landscape Cap Ltd last reported 0.01% of its portfolio in the stock. Tower Rech Capital Limited Liability Corporation (Trc) last reported 0% of its portfolio in the stock. Nationwide Fund Advsrs holds 5,400 shares or 0% of its portfolio. Vanguard Group owns 249,520 shares or 0% of their US portfolio. Blackrock Invest Management Ltd holds 736 shares or 0% of its portfolio. Walleye Trading Lc owns 2,600 shares or 0% of their US portfolio.

Insider Transactions: Since June 29, 2016, the stock had 2 buys, and 1 sale for $394,720 net activity. Bandera Partners LLC had bought 600 shares worth $3,000. Another trade for 62,502 shares valued at $292,020 was made by Walsh Patrick on Thursday, November 17.

Famous Dave’s of America, Inc. (NASDAQ:DAVE) Ratings Coverage

Out of 3 analysts covering Famous Dave’s (NASDAQ:DAVE), 2 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 67% are positive. Famous Dave’s has been the topic of 3 analyst reports since August 5, 2015 according to StockzIntelligence Inc. The stock of Famous Dave’s of America, Inc. (NASDAQ:DAVE) earned “Buy” rating by Craig Hallum on Wednesday, August 5. The stock has “Neutral” rating given by Sidoti on Wednesday, November 4. The firm earned “Buy” rating on Wednesday, September 9 by Stifel Nicolaus.

DAVE Company Profile

Famous Dave’s of America, Inc. (Famous Dave’s), incorporated on March 14, 1994, 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. The Company’s prototypical design includes the elements, including a designated bar, an exterior smokestack, a separate entrance for its To Go business and a patio (where available). The Firm has creates that can be adapted to fit various location sizes and desired service styles, such as full-service or counter-service. The Firm 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. The Firm operates approximately 179 Famous Dave’s restaurants operating in over 33 states, the Commonwealth of Puerto Rico and Canada, including over 44 the Company-owned restaurants and approximately 135 franchise-operated restaurants. Approximately 38 of its Company-owned restaurants are full-service and over six are counter-service.

More news for Famous Dave’s of America, Inc. (NASDAQ:DAVE) were recently published by: Startribune.com, which released: “Famous Dave’s profit is cut to the bone amid revival efforts” on November 15, 2016. Seekingalpha.com‘s article titled: “Famous Dave’s: I Like Mike” and published on November 18, 2016 is yet another important article.

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By Linda Rogers


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