Wisco Research Maintains Buy Rating On Famous Dave’s Of America, Inc. (DAVE)

Analyst Greg Schroeder at Wisco Research has released an update on Famous Dave’s of America, Inc. (NADAQ: DAVE). The company has reported its first-quarter results.

Dave’s reported first-quarter EPS of $0.15, which was above Wisco Research’s estimate of $0.13 and in-line with consensus. Company-owned restaurant comps were down by 3.5%, while franchised comps were down 3.4%, in the quarter.

Following the first-quarter results, Wisco Research has maintained its Buy rating and 12-month price target of $12 for Famous Dave’s of America, Inc.