Famous Dave's of America (DAVE) Releases Earnings Results, Beats Expectations By $0.07 EPS

Famous Dave's of America (DAVE) reported quarterly earnings results on Monday, May-16-2016. The company said it had a profit of $-0.01 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.07. Analysts had a consensus of $-0.08. The company posted revenue of $23.50 million in the period, compared to analysts expectations of $24.42 million. The company’s revenue was down -17.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Famous Dave's of America opened for trading at $4.93 and hit $5.0156 on the upside on Friday, eventually ending the session at $4.9, with a gain of 0.20% or 0.01 points. The heightened volatility saw the trading volume jump to 19,600 shares. Company has a market cap of $34 M.

In a different news, on Mar 16, 2015, Richard A. Pawlowski (CFO) purchased 1,959 shares at $30.77 per share price. According to the SEC, on Mar 13, 2015, Edward H Rensi (CEO) purchased 2,450 shares at $30.47 per share price.

Famous Dave’s of America Inc. owns operates and franchises restaurants. The Company’s menu focuses on smoked barbequed grilled meats entree items and side dishes which are prepared using seasonings sauces and mixes. As of December 28 2014 there were 189 Famous Dave’s restaurants operating in 34 states the Commonwealth of Puerto Rico and Canada including 50 Company-owned restaurants and 139 franchise-operated restaurants. As of December 28 2014 43 of its Company-owned restaurants were full-service and seven were counter-service. The Company’s prototypical design includes elements such as a designated bar a signature exterior smokestack a separate entrance for its To Go business and a patio (where available).

Famous Dave's of America

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