DAVE stock: buy or sell?
July 15th, 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. 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.
|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?
Banks and financial institutions publish stock ratings everyday.At Stocks2.com, we found 1 rating published for DAVE stock in the last 30 days.
|Date||Analyst / Broker||Previous rating||Current rating|
DAVE stock analysis
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.
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 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 $9.00Nobody 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:
|Date||Analyst / Broker||Action||Previous target||Current target||Diff|
Financials and fundamental analysis
Earnings date and Earnings per ShareSince 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.
|Quarter||Reporting date||Estimated EPS||Actual EPS||Surprise|
Annual financial resultsCompared 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%.
|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 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.
|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 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:
|Market cap||$45.1 M||$70.7 M||$42.5 M||$823.0 M||$1.6 B|
|Total shares||9.3 M||3.5 M||1.9 M||20.7 M||91.7 M|
|Float shares||5.3 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%|
|Monday, July 15th, 2019|
|Day range||$4.70 - $5.27|
|Average true range||$0.47|
|50d mov avg||$4.43|
|100d mov avg||$5.01|
|200d mov avg||$5.06|
Famous Dave's of America performanceTo 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: