Maxim Group Keeps a Buy Rating on Famous Dave’s Of America (DAVE)

By Jason Carr

Maxim Group analyst Stephen Anderson maintained a Buy rating on Famous Dave’s Of America (DAVEResearch Report) yesterday and set a price target of $8. The company’s shares closed last Monday at $4.55.

Anderson said:

“We maintain our Buy rating and $8 price target on Famous Dave’s (DAVE) following the release of better-than-expected 2Q19 (June) results.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 6.6% and a 58.5% success rate. Anderson covers the Services sector, focusing on stocks such as Dave & Busters Entertainment, Good Times Restaurants Inc, and Dine Brands Global Inc.

Currently, the analyst consensus on Famous Dave’s Of America is a Moderate Buy with an average price target of $8.

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The company has a one-year high of $6.85 and a one-year low of $3.60. Currently, Famous Dave’s Of America has an average volume of 24.14K.

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Famous Dave’s of America, Inc. engages in the ownership and operation of franchise restaurants. It offers authentic hickory-smoked and off the-grill barbecue favorites, chopped pork, country-roasted chicken, and signature sandwiches and salads. The company was founded by David W. Anderson on March 14, 1994 and is headquartered in Minnetonka, MN.