111K shares changed hands by the end of trading on Wednesday. Overall, volume was up 283.03% over the stocks normal daily volume.
Investors are feeling more bullish on shares of the company lately as indicated by the motion in short interest. The company realized a fall in short interest of -1.28% as of October 13, 2017 from the last reporting period. Short shares decreased from 799,728 to 789,480 over that period. The short-interest ratio decreased to 32.0 and the short interest percentage is 0.11% as of October 13.
These firms have modified their investment in DAVE. As of quarter end Perkins Capital Management Inc had sold a total of 1,000 shares trimming its stake by 0.6%. The value of the investment in DAVE went from $634,000 to $726,000 increasing 14.5% quarter to quarter. Advisor Group, Inc. trimmed its stake by selling 2,500 shares a decrease of 83.3% from 06/30/2017 to 09/30/2017. Advisor Group, Inc. now holds 500 shares valued at $2,000. The total value of its holdings decreased 81.8%.
As of the end of the quarter Dimensional Fund Advisors Lp had disposed of 733 shares trimming its position 0.4%. The value of the investment in Famous Daves of Am increased from $645,000 to $713,000 a change of $68,000 for the reporting period. As of quarter end Renaissance Technologies LLC had disposed of 13,000 shares trimming its holdings by 4.8%. The value in dollars increased from $984,000 to $1,080,000 a change of 9.8% since the last quarter.
In the market the company is trading up from yesterday’s close of 4.6. The most current P/E ratio is N/A and market cap is 34.67M. In the latest earnings report the EPS was $-0.74 with 7.38M shares currently outstanding.
Famous Dave’s of America, Inc. (Famous Dave’s), launched on March 14, 1994, operates restaurants. The Business’s restaurants, which offer full table service, feature wood-smoked and off-the-grill entree favorites that fit into the barbeque category. Its prototypical design includes the elements, including a designated bar, an exterior smokestack, a separate entrance for its To Go business and a patio (where available). The Company has designs that can be adapted to fit various location sizes and desired service styles, such as full-service or counter-service. The Company 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. The Company operates approximately 179 Famous Dave’s restaurants operating in over 33 states, the Commonwealth of Puerto Rico and Canada, including over 44 the Company-owned restaurants and approximately 135 franchise-operated restaurants. Approximately 38 of its Company-owned restaurants are full-service and over six are counter-service..