What’s Next for Famous Dave's of America, Inc. (DAVE) After Forming Bullish Double Top Pattern?

February 15, 2018 - By Maria Brooks

Investors sentiment increased to 0.67 in 2017 Q3. Its up 0.31, from 0.36 in 2017Q2. It is positive, 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.
Geode Capital Ltd Liability Corp has invested 0% in Famous Dave's of America, Inc. (NASDAQ:DAVE). Moreover, Us State Bank De has 0% invested in Famous Dave's of America, Inc. (NASDAQ:DAVE). Perkins Management Inc reported 0.76% stake. Commercial Bank Of America De stated it has 0% in Famous Dave's of America, Inc. (NASDAQ:DAVE). 155 were accumulated by Cranbrook Wealth Mgmt Lc. Bandera Prns Ltd Com reported 1.14 million shares. Amg National Retail Bank stated it has 0.01% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE). Morgan Stanley holds 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 216 shares. Deutsche Retail Bank Ag has 5,600 shares for 0% of their portfolio. Blackrock accumulated 223,048 shares. Northern Corporation reported 23,249 shares stake. Wells Fargo And Mn has invested 0% in Famous Dave's of America, Inc. (NASDAQ:DAVE). Wexford Capital L P reported 1.33 million shares. Dimensional Fund Lp reported 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE). Vanguard holds 216,224 shares or 0% of its portfolio.

The chart of Famous Dave's of America, Inc. (DAVE) shows a double top with $6.65 target or 6.00 % above today’s $6.28 share price. The 6 months chart pattern indicates low risk for the $46.29 million company. It was reported on Feb, 15 by Finviz.com. If the $6.65 price target is reached, the company will be worth $2.78 million more. Double tops are rare but powerful chart patterns.

The stock decreased 0.40% or $0.025 during the last trading session, reaching $6.275. About 11,464 shares traded. Famous Dave's of America, Inc. (NASDAQ:DAVE) has declined 23.38% since February 15, 2017 and is downtrending. It has underperformed by 40.08% the S&P500.

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

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 rating was upgraded by Craig Hallum on Tuesday, November 14 to “Buy”. As per Wednesday, November 4, the company rating was downgraded by Sidoti. The firm earned “Buy” rating on Wednesday, August 5 by Craig Hallum. The stock of Famous Dave's of America, Inc. (NASDAQ:DAVE) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 9.

More notable recent Famous Dave's of America, Inc. (NASDAQ:DAVE) news were published by: Globenewswire.com which released: “Famous Dave’s of America, Inc. Appoints Jeffery Crivello as Chief Executive …” on November 13, 2017, also Seekingalpha.com with their article: “Famous Dave’s: The Bottom Is In” published on August 15, 2017, Seekingalpha.com published: “Questions I Have About Famous Dave’s” on April 20, 2017. More interesting news about Famous Dave's of America, Inc. (NASDAQ:DAVE) were released by: Globenewswire.com and their article: “Famous Dave’s of America, Inc. Announces Private Placement” published on November 13, 2017 as well as Reuters.com‘s news article titled: “BRIEF-Famous Dave’s Of America Inc CFO Dexter Newman Resigns” with publication date: February 12, 2018.

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