DAVE stock: buy or sell?
May 21st, 2019
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. Trading strategies are meant for helping you in the decision process of what stocks to pick and when is the best moment to buy them. There are thousands of trading strategies for you to choose, but at Stocks2.com we prefer those that are simple but successful.
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.
|New all-time high||No|
|New 52 week high||No|
|Price crossing up 200d MA||No|
|100d MA crossing up 200d MA||No|
Is Famous Dave's of America stock a buy?
Everyday, hundreds of stock ratings are published by financial analysts to indicate a particular stock's attractiveness.At Stocks2.com, we found 1 rating published for DAVE stock in the last month.
|Date||Analyst / Broker||Previous rating||Current rating|
DAVE stock analysis
Famous Dave's of America ended today at $4.19 and stayed stable a slightly fine 0.24%.
Famous Dave's of America shares stayed constant 0.24% to $4.19 today. Since price and SMA200d lines crossed down on Apr 17th, DAVE fell $-1.50 per share (-26.36%). DAVE marked a lower low and a lower high in the short term, defining a downward trend. Climbing above $5.65 would break this short term down trend and open possibilities for reversing this situation. Since SMA50d and SMA100d crossed up on March, DAVE price slid a -29.46%.
After sliding a chilling -20.96% in a week last week, Famous Dave's of America closed this week at $4.19 and inched a slightly good 0.96%.
Observing the weekly chart, price is in a simple uptrend, tested $3.90 level and now climbing back aiming its last top at $6.32.
DAVE stock price history
DAVE IPO was on November 4th, 1996 at $8.13 per share1. Since then, DAVE stock lost a -48.50%, with a yearly average of -2.20%.
1: Adjusted price after possible price splits or reverse-splits.
DAVE stock historical price chart
DAVE stock reached 52-week highs at $8.30, and all-time highs 2015-02-18 with a price of 34.72.
DAVE stock price target is $9.00How much a stock will be priced tomorrow or next week is quite unpredictable However, many stock price predictions are published every day by banks, financial institutions and independent analysts. 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. For the last month we only found 1 price prediction for Famous Dave's of America stock:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareAfter presenting its last earnings report on March, Famous Dave's of America collapsed a dreadful -20.19%. Unfortunately, reported EPS is not yet available in our database.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsIn 2018, Famous Dave's of America annual sales plunged a dreadful -15.03% to $54.89 million USD from $64.60 marked in 2017. When comparing 2018 vs 2017, in contrast, profit margin (that is, the net income divided by revenues) boosted a 21.43% to 8.86%.
|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 resultsFamous Dave's of America posted $13.43 M in revenues for 2018-Q4, a -4.55% less compared to previous quarter. Reported quarter income marked $1.07 million with a profit margin of 7.97%. Profit margin depreciated 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 remarkable gain and rose a 7.19%. Looking back to recent quarterly results, Famous Dave's of America posted 2 negative quarters in a row.
|2017-Q1||$22 M||-||$-1.25 M-5.7%||-|
|2017-Q2||$25 M||15.10%||$-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 M||2.49%||$1.00 M7.8%||-126.26%|
|2018-Q2||$15 M||13.19%||$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 ownershipWhen you are planning to buy shares of a stock, it's worth to review 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, 9.93% of all outstanding shares are owned by its staff.
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.
The following table compares ownership indicators for other stocks related to Famous Dave's of America:
|Market cap||$38.8 M||$70.2 M||$45.2 M||$1.0 B||$1.9 B|
|Total shares||9.3 M||3.5 M||1.9 M||20.7 M||91.7 M|
|Float shares||5.2 M||1.9 M||0.7 M||19.4 M||82.7 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 selling||0.0%||0.0%||0.0%||0.0%||0.0%|
|Tuesday, May 21st, 2019|
|Day range||$4.08 - $4.23|
|Average true range||$0.34|
|50d mov avg||$5.46|
|100d mov avg||$5.08|
|200d mov avg||$5.46|
Famous Dave's of America performanceTo measure stock performance is always good to benchmark with competitors or related stocks. In the following table, we compare Famous Dave's of America to Ark Restaurants, Flanigan's Enterprises, BJ's Restaurants, Bloomin' Brands, Chuy's, Brinker International, Diversified Restaurant and Texas Roadhouse: