DAVE stock: buy or sell?

DAVE stock price: $4.75 3.71% At close on September 20th, 2019

Updated on:
September 20th, 2019

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Famous Dave's of America closed on September at $4.75 and skyrocketed a great 3.71%. On September DAVE skyrocketed an outstanding 5.34%.

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?

You can't be a successful trader if you don't follow a methodolgy or system that assist you in choosing companies and the correct market timing. That's why is so important to choose your own trading plan that matches with your character as inversor. At Stocks2.com, we use very simple but trusted and powerful trend following trading strategies. Simple things usually work the best.

None of our preferred buy setups matches with Famous Dave's of America stock situation right now, hence this is not a suitable entry point.

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 collected 2 ratings published for DAVE stock in the last month.

Is DAVE a good stock to buy?
DateAnalyst / BrokerPrevious ratingCurrent rating
2019-8-14Maxim Groupn/aBuy
2019-4-3Maxim Groupn/aBuy

DAVE stock analysis

Daily outlook

Famous Dave's of America shares skyrocketed 3.71% to $4.75 on September.

Shares of Famous Dave's of America ended on September at $4.75 and skyrocketed a great 3.71%. Since September when SMA50d and SMA100d crossed up, DAVE price gained $0.41 per share (9.45%).

DAVE stock chart (daily)

Weekly outlook

Famous Dave's of America skyrocketed an outstanding 7.22% this week.

Since mid July, when DAVE stock price broke down the 40-weeks moving avarage line, it slid $-0.19 per share (-3.85%). Stocks under the 40-weeks moving average line are usually not recommended for average traders.

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 -41.60%, 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 at $6.65, and all-time highs 2015-02-18 with a price of 34.72.

DAVE stock price target is $8.50

Predicting the price evolution of a stock or any financial instrument in a reliable and repeatable way is probably impossible. 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. We have 2 price predictions for DAVE stock posted in the last month:
DAVE stock price predictions
DateAnalyst / BrokerActionPrevious targetCurrent targetDiff
2019-8-14Maxim GroupReiteratesn/a$8.00-
2019-4-3Maxim GroupInitiatesn/a$9.00-
(in average)$0.00$8.500.0%
The price target for Famous Dave's of America stock is $8.50, moving in a range between $9.00 and $8.00. In average, analysts' outlook on DAVE price forecast is stable from previous estimations.

Financials and fundamental analysis

Earnings date and Earnings per Share

Since last March, when Famous Dave's of America presented its last earnings report, it . 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

In 2018, Famous Dave's of America annual revenues collapsed a hair-raising -15.03% to $54.89 million USD from $64.60 marked in 2017. When comparing 2018 vs 2017, however, 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 declined a -2.00% compared to previous quarter when profit margin was 9.96%. When comparing revenues to same quarter last year, Famous Dave's of America sales marked a more than good gain and escalated a 7.19%. Looking back to recent quarterly results, Famous Dave's of America posted 2 positive 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 a stock, it's always worth to check its ownership structure.

Management staff in all public traded companies that hold equity is required to report every transaction to the SEC. For Famous Dave's of America, of all outstanding shares are owned by its staff.

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

DAVE
Market cap$0.0 M
Total shares0.0 M
Float shares0.0 M
  - Institutional holdings (%)0.0%
  - Insider holdings (%)0.0%
Shares in short selling0.0%

DAVE summary

Friday, September 20th, 2019
Open$4.80
Close$4.75
Day range$4.42 - $4.80
Previous close$4.58
Session gain3.71%
Average true range$0.33
50d mov avg$4.54
100d mov avg$4.49
200d mov avg$4.78
Daily pattern
Weekly pattern lt11a

Famous Dave's of America performance

Stocks performance is always measured in comparision to the market or competitors and related stocks in the same industry. In the following table, we compare Famous Dave's of America performance to :
Stock3m6m12m
DAVEFamous Dave's...17.57%-21.49%-26.36%

Famous Dave's of America competitors

Unfortunately, we could not find any public company that could be defined as Famous Dave's of America competitor. This doesn't mean Famous Dave's of America does not have any competitor in the market, it's just we could not detected it.