Some 2 analysts have recommended on the stock of Famous Dave’s of America Inc. (NASDAQ:DAVE) so far and from them the equity has an average call of Hold. But what does that indicate? It deciphers analysts? recommendations; shareholders should know that 1.00 – 1.24 implies that a stock is a BUY. Call of 1.75 – 2.24 implies that an equity is a HOLD. SELL recommendation is represented by numbers 2.75 – 3.00.
Let’s look into the technical of the stock
The Barchart Technical Opinion rating is a 100% Sell with a Strongest short term outlook on maintaining the current direction. Longer term, the trend strength is Maximum. Long term indicators fully support a continuation of the trend.
As for the price, analysts project that shares of Famous Dave’s of America Inc. will be trading around $4.50 in the next 12 months.
The stock price is influenced by the financial performance and represents investors opinion of its future. That being the case, shareholders should recall that Famous Dave’s of America Inc. posted EPS of $(0.18) in its recent quarter.
The firm recorded the EPS from sales of 21.98M%, which increased -0.07% from a same period a year ago.
Famous Dave’s of America Inc. incurred expenses totaling $18.24M to produce the revenue. Gross profit, which is computed by deducting cost of sales from sales, was $3.74M.
Analysts on the average are projecting Famous Dave’s of America Inc. to post EPS of $0.01 in the ongoing quarter.
Does Famous Dave’s of America Inc. have the capacity to surpass expectations? Casting an eye on the firm?s liquidity position, you note that the firm generated net cash of $945,000 from its operations in the previous quarter, resulting in free cash flow of $841,000. Net change in cash came at $496,000.
Furthermore, the firm’s asset position was $52.53M at the close of the latest quarter. But Famous Dave’s of America Inc. is carrying liabilities totaling $33.75M.
The firm ended the latest quarter with diluted due shares of 6.95M.
Famous Dave’s of America, Inc. (NASDAQ:DAVE) today announced its plans to focus solely on its franchisees and, as a result, accelerate the refranchising of its 33 Company-owned restaurants over the next 12 to 24 months. This will permit the Company to shift its resources and energy to the growth and viability of its franchise system, which is paramount to the Company’s success.