DAVE stock: buy or sell?

DAVE stock price: $4.19 0.24% At close on May 21st, 2019

Updated on:
May 21st, 2019

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Famous Dave's of America shares stayed constant 0.24% to $4.19 today. On May 14th DAVE plummed a hair-raising -22.47%. On Wednesday DAVE rocketed an astounding 7.04%.

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.

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?

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.

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 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%.

DAVE stock chart (daily)

Weekly outlook

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 chart (weekly)

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 $9.00

How 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:
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

After 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.
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 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%.

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 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.
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 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:

DAVEARKRBDLBJRIBLMN
Market cap$38.8 M$70.2 M$45.2 M$1.0 B$1.9 B
Total shares9.3 M3.5 M1.9 M20.7 M91.7 M
Float shares5.2 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

Tuesday, May 21st, 2019
Open$4.22
Close$4.19
Day range$4.08 - $4.23
Previous close$4.18
Session gain0.24%
Average true range$0.34
50d mov avg$5.46
100d mov avg$5.08
200d mov avg$5.46
Daily patternlb06a
Weekly pattern lb01a

Famous Dave's of America performance

To 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:
Stock3m6m12m
DAVEFamous Dave's...-16.20%-20.94%-44.13%
ARKRArk Restaurants4.46%-11.11%-11.23%
BDLFlanigan's En...-5.00%-8.02%7.10%
BJRIBJ's Restaura...0.52%-14.84%-7.04%
BLMNBloomin' Bran...-4.72%3.28%-0.91%
CHUYChuy's1.94%5.33%-20.07%
EATBrinker Internati...-3.27%-12.72%4.29%
SAUCDiversified Resta...-7.45%-22.32%-25.00%
TXRHTexas Roadhouse-10.03%-12.21%-6.16%

Famous Dave's of America competitors

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