Philotimo Fund Acquired Stake in Famous Daves Of America Inc

February 15, 2018 - By Migdalia James

 Philotimo Fund Acquired Stake in Famous Daves Of America Inc

Investors sentiment increased to 0.67 in 2017 Q3. Its up 0.31, from 0.36 in 2017Q2. It increased, as 3 investors sold Famous Dave's of America, Inc. shares while 6 reduced holdings. 2 funds opened positions while 4 raised stakes. 4.30 million shares or 0.62% less from 4.33 million shares in 2017Q2 were reported.

Blackrock holds 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 223,048 shares. Vanguard Grp owns 216,224 shares. Cranbrook Wealth Mgmt Ltd Liability holds 155 shares or 0% of its portfolio. California Employees Retirement has invested 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE). Royal Natl Bank Of Canada holds 0% or 6 shares. Us Comml Bank De holds 0% or 200 shares. Wells Fargo Co Mn has 0% invested in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 1 shares. Geode Management Ltd Limited Liability Company owns 0% invested in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 30,474 shares. Bandera Ptnrs Ltd Limited Liability Company owns 4.13% invested in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 1.14M shares. 176,014 were accumulated by Dimensional Fund Advsrs L P. Renaissance Limited Company, New York-based fund reported 260,400 shares. Wexford Capital L P has invested 0.47% in Famous Dave's of America, Inc. (NASDAQ:DAVE). 617,715 were reported by Raging Ltd Liability Corporation. Amg National Tru National Bank & Trust holds 20,000 shares or 0.01% of its portfolio. Bridgeway Mngmt owns 52,000 shares or 0% of their US portfolio.

The New Philotimo Fund Holding in Famous Daves Of America Inc

Philotimo Fund reported SC 13G form with the SEC for Famous Daves Of America Inc. Access it here: 000092189518000675. As reported by Philotimo Fund, the filler owns 6.5% or 482,624 shares of the Consumer Discretionary–company.

Famous Daves Of America Inc stake is new for [reportingPerson]. Date of activity: February 5, 2018. This shows Philotimo Fund’s positive view for Famous Daves Of America Inc.

Famous Daves Of America Inc Institutional Sentiment

Filings show 39 investors own Famous Daves Of America Inc. The ownership in Q3 2015 is low, at Infinity of the outstanding shares. This is increased by 3987308. 10436996 were owned by these investors. 5 funds opened new Famous Daves Of America Inc stakes, 11 increased positions. There were 13 that closed positions and 9 reduced them.

3 investors had the stock in their top 10. Some are: Bandera Partners Llc..

Stephen V. Raneri Lioneye Capital Management Llc is an investor bullish on Famous Daves Of America Inc, owning 1236108 shares as of Q3 2015 for 0.66% of its portfolio. Brian Jackelow Sab Capital Management Lp owns 151284 shares or 0.28% of its portfolio. NY Pleasant Lake Partners Llc have 6.34% of its portfolio for 923361 shares. Further, Wexford Capital Lp reported stake worth 3.33% of its portfolio. The MN Blue Clay Capital Management Llc owns 429521 shares. Famous Daves Of America Inc is 4.42% of its portfolio.

Business Profile

Famous Dave’s of America, Inc. (Famous Dave’s) operates restaurants. The Company’s restaurants, which offer full table service, feature wood-smoked and off-the-grill entree favorites that fit into the barbeque category. It has the Company-owned and franchise-operated restaurants in the United States, the Commonwealth of Puerto Rico, and Canada, and it operates within the industry segment of foodservice. It operates approximately 179 Famous Dave’s restaurants in over 33 states, the Commonwealth of Puerto Rico and Canada, including over 44 the Company-owned restaurants and approximately 135 franchise-operated restaurants. Each restaurant features a selection of hickory-smoked and off-the-grill barbecue favorites, such as flame-grilled St. Louis-style and baby back ribs, Texas beef brisket, Georgia chopped pork, country-roasted chicken, and signature sandwiches and salads. Its restaurants offer side items, such as corn bread, potato salad, coleslaw, Shack Fries and Wilbur Beans.

SEC Form 13G.

Analysts await Famous Dave's of America, Inc. (NASDAQ:DAVE) to report earnings on March, 5. They expect $-0.03 earnings per share, up 70.00 % or $0.07 from last year’s $-0.1 per share. After $-0.01 actual earnings per share reported by Famous Dave's of America, Inc. for the previous quarter, Wall Street now forecasts 200.00 % negative EPS growth.

It closed at $6.3 lastly. It is down 23.38% since February 15, 2017 and is downtrending. It has underperformed by 40.08% the S&P500.

Famous Dave's of America, Inc. develops, owns, operates, and franchises restaurants under the Famous Dave's name. The company has market cap of $46.47 million. 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. It currently has negative earnings. The firm operates full-service and counter-service restaurants.

Famous Dave's of America, Inc. (NASDAQ:DAVE) Ratings Coverage

Among 3 analysts covering Famous Dave’s (NASDAQ:DAVE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Famous Dave’s had 4 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Sidoti on Wednesday, November 4. The firm has “Buy” rating given on Tuesday, November 14 by Craig Hallum. The stock of Famous Dave's of America, Inc. (NASDAQ:DAVE) has “Buy” rating given on Wednesday, September 9 by Stifel Nicolaus. As per Wednesday, August 5, the company rating was downgraded by Craig Hallum.

More important recent Famous Dave's of America, Inc. (NASDAQ:DAVE) news were published by: Bizjournals.com which released: “Famous Dave’s closes more restaurants, including its Bloomington location” on August 18, 2017, also Reuters.com published article titled: “BRIEF-Famous Dave’s Of America Inc CFO Dexter Newman Resigns”, Startribune.com published: “Company news: More executive changes at Famous Dave’s” on February 14, 2018. More interesting news about Famous Dave's of America, Inc. (NASDAQ:DAVE) was released by: Globenewswire.com and their article: “Famous Dave’s of America, Inc. Announces Private Placement” with publication date: November 13, 2017.

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