DAVE stock: buy or sell?

DAVE stock price: $4.87 -1.42% At close on July 15th, 2019

Updated on:
July 15th, 2019

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Shares of Famous Dave's of America closed today at $4.87 and depreciated a tragic -1.42%. With Monday it's been 4 sliding days in a row, loosing $-0.78 (-14.63%). On Wednesday DAVE plummed a scary -7.41%. On Tuesday DAVE skyrocketed an amazing 5.66%.

Famous Dave's of America, Inc. develops, owns, operates, and franchises 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.

Should I buy DAVE stock?

Trading stocks requires experience and discipline, and your buying and selling decisions must come following a methodology. That's why is so important to choose your own trading plan that fits your character as inversor. At Stocks2.com, we like to use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

Currently, Famous Dave's of America stock doesn't match any of these trading strategies, so our recommendation is not to buy.

Buy setupElegible
New all-time highNo
New 52 week highNo
Price crossing up 200d MANo
100d MA crossing up 200d MANo
This is not a selling recommendation at all, just it's not the best moment to buy if you follow any of these trading strategies.

Is Famous Dave's of America stock a buy?

Banks and financial institutions publish stock ratings everyday. At Stocks2.com, we found 1 rating published for DAVE stock in the last 30 days.

Is DAVE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-4-3Maxim Groupn/aBuy

DAVE stock analysis

Daily outlook

Famous Dave's of America shares depreciated -1.42% to $4.87 today.

Famous Dave's of America depreciated a tragic -1.42% and closed at $4.87. From a daily perspective, DAVE is in a short term uptrend after plotting its last bottom ($3.89, on Jun 24th) higher than the previous bottom, and its last top ($5.72, on Tuesday) also over the previous top. Now trading in between its last bottom and last top DAVE might consolidate in a plain range, waiting to break out over $5.72 or down under $3.89.

DAVE stock chart (daily)

Weekly outlook

Famous Dave's of America closed this week at $4.87 and decreased an ugly -1.42%. By mid June DAVE collapsed a scary -18.40% in just one week. Early July DAVE skyrocketed an amazing 11.62% in just one week.

This week, Famous Dave's of America stock undercut the significant level of the 40-weeks moving average. Stocks below the 200d moving average line are usually not recommended for average traders. Since early July when SMA20w and SMA40w crossed up, DAVE price gained $0.46 per share (10.43%).

DAVE stock chart (weekly)

DAVE stock price history

DAVE IPO was on November 4th, 1996 at $8.13 per share1. Since then, DAVE stock declined a -40.10%, with a yearly average of -1.80%.

1: Adjusted price after possible price splits or reverse-splits.

DAVE stock historical price chart

DAVE stock reached 52-week highs on August at $7.25, and all-time highs 2015-02-18 with a price of 34.72.

DAVE stock price target is $9.00

Nobody can reliably foresee how stock prices may evolve in the future. However, banks and other financial institutions analysts, with the help of lots of data and algorithms do their best to predict the stock prices movement. The accuracy of these stock price predictions is not very high, and you should not blindly believe and make decisions only based on what this ratings or price target predictions say. Currently, only 1 price forecast for Famous Dave's of America stock was posted in the last month:
DAVE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-4-3Maxim GroupInitiatesn/a$9.00-
(in average)$0.00$9.000.0%

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Famous Dave's of America posted its last earnings report, it slipped a rough -7.24%. Unfortunately, reported EPS is not yet available in our database.
DAVE earnings date and EPS evolution
QuarterReporting dateEstimated EPSActual EPSSurprise
2017-Q1-n/a-0.07n/a
2017-Q2-n/a0.14n/a
2017-Q32017-11-13-0.05-0.01n/a
2017-Q42018-03-05-0.05-0.03n/a
2018-Q12018-05-14n/a0.12n/a
2018-Q22018-08-13n/a0.18n/a
2018-Q32018-11-13n/a0.15n/a
2018-Q42019-03-04n/a0.12n/a
2019-Q1-n/an/an/a
2019-Q2-n/an/an/a

Annual financial results

Compared to 2017, last anual revenues report draw a dreadful drop down of -15.03% to $54.89 M dollars. When comparing 2018 vs 2017, on the other hand, profit margin (that is, the net income divided by revenues) boosted a 21.43% to 8.86%.

DAVE annual Sales and Income evolution
YearSalesYoYIncome/(margin)YoY
2013$155 M-$4.77 M3.1%-
2014$149 M-3.91%$2.90 M1.9%-39.27%
2015$114 M-23.52%$-4.38 M-3.8%-251.33%
2016$99 M-13.17%$-2.43 M-2.5%-44.55%
2017$65 M-34.87%$-8.12 M-12.6%234.14%
2018$55 M-15.03%$4.86 M8.9%-159.85%

Quarterly financial results

Famous Dave's of America posted $13.43 million in sales for 2018-Q4, a -4.55% decline compared to previous quarter. Reported quarter income marked $1.07 million with a profit margin of 7.97%. Profit margin decreased a -2.00% compared to previous quarter when profit margin was 9.96%. When comparing turnover to same quarter last year, Famous Dave's of America sales marked a pretty good gain and rose a 7.19%. Looking back to recent quarterly results, Famous Dave's of America posted 2 negative quarters in a row.
DAVE quarterly Sales and Income evolution
QuarterSales1QoQ2Income1/(margin)QoQ2
2017-Q1$22 M-$-1.25 M-5.7%-
2017-Q2$25 M15.10%$-1.26 M-5.0%0.80%
2017-Q3$22 M-13.46%$-1.82 M-8.3%44.13%
2017-Q4$13 M-42.76%$-3.80 M-30.3%109.25%
2018-Q1$13 M2.49%$1.00 M7.8%-126.26%
2018-Q2$15 M13.19%$1.39 M9.6%39.48%
2018-Q3$14 M-3.20%$1.40 M10.0%0.72%
2018-Q4$13 M-4.55%$1.07 M8.0%-23.68%

Famous Dave's of America ownership

When you are planning to invest in shares of a company, it's worth to have a look its ownership structure.

Famous Dave's of America shares owned by insiders (that is, founders, CEO, CTO, main executives or other management staff) currently counts a 9.93% of all shares.

In case of Famous Dave's of America stock, 78.58% of its shares are held by institutions (mutual funds, pension funds, big banks and other large financial institutions). Bearish positions for DAVE stock account 0.00%, no big difference from last month.

For a better understanding, the following table shows ownership data compared to other related companies:

DAVEARKRBDLBJRIBLMN
Market cap$45.1 M$70.7 M$42.5 M$823.0 M$1.6 B
Total shares9.3 M3.5 M1.9 M20.7 M91.7 M
Float shares5.3 M1.9 M0.7 M19.4 M82.7 M
  - Institutional holdings (%)78.6%22.4%16.7%128.5%97.0%
  - Insider holdings (%)9.9%45.4%79.9%1.2%8.8%
Shares in short selling0.0%0.0%0.0%0.0%0.0%

DAVE summary

Monday, July 15th, 2019
Open$4.99
Close$4.87
Day range$4.70 - $5.27
Previous close$4.94
Session gain-1.42%
Average true range$0.47
50d mov avg$4.43
100d mov avg$5.01
200d mov avg$5.06
Daily patternlt06a
Weekly pattern lt03a

Famous Dave's of America performance

To better understand Famous Dave's of America performance you must compare its gains with other related stocks in same sector or industry. We compared Famous Dave's of America against Ark Restaurants, Flanigan's Enterprises, BJ's Restaurants, Bloomin' Brands, Chuy's, Brinker International, Diversified Restaurant and Texas Roadhouse in the following table:
Stock3m6m12m
DAVEFamous Dave's...-13.65%7.27%-25.65%
ARKRArk Restaurants1.41%12.53%-17.92%
BDLFlanigan's En...-7.61%-18.31%-2.31%
BJRIBJ's Restaura...-12.73%-26.35%-36.55%
BLMNBloomin' Bran...-7.47%-7.71%-15.75%
CHUYChuy's9.87%2.19%-33.69%
EATBrinker Internati...-6.35%-16.84%-17.84%
SAUCDiversified Resta...-30.39%-38.79%-29.70%
TXRHTexas Roadhouse-11.15%-20.23%-23.08%

Famous Dave's of America competitors

We picked a few stocks to conform a list of Famous Dave's of America competitors to watch if you are interested in investing in DAVE: