NasdaqGS:DAVE

Stock Analysis Report

Executive Summary

BBQ Holdings, Inc. develops, owns, operates, and franchises barbeque restaurants under the Famous Dave's name.

Snowflake

Fundamentals

Excellent balance sheet and good value.


Similar Companies

Share Price & News

How has Famous Dave's of America's share price performed over time and what events caused price changes?


Latest Share Price and Events


Market Performance


7 Day Return

0.9%

DAVE

0.6%

US Hospitality

0.5%

US Market


1 Year Return

-34.2%

DAVE

5.6%

US Hospitality

6.8%

US Market

Return vs Industry: DAVE underperformed the US Hospitality industry which returned 5.6% over the past year.

Return vs Market: DAVE underperformed the US Market which returned 6.8% over the past year.


Shareholder returns

DAVEIndustryMarket
7 Day0.9%0.6%0.5%
30 Day1.6%-2.6%-0.8%
90 Day5.9%-4.0%-0.9%
1 Year-34.2%-34.2%8.2%5.6%9.2%6.8%
3 Year-18.0%-18.0%43.0%33.7%45.6%36.2%
5 Year-83.2%-83.2%40.9%25.3%63.2%45.4%

Price Volatility Vs. Market

How volatile is Famous Dave's of America's share price compared to the market and industry in the last 5 years?


Simply Wall St News

Valuation

Is Famous Dave's of America undervalued compared to its fair value and its price relative to the market?

10.98x

Price to Earnings (PE) ratio


Share Price vs. Fair Value

Below Fair Value: DAVE ($4.34) is trading above our estimate of fair value ($1.08)

Significantly Below Fair Value: DAVE is trading above our estimate of fair value.


Price To Earnings Ratio

PE vs Industry: DAVE is good value based on its PE Ratio (11x) compared to the Hospitality industry average (22.5x).

PE vs Market: DAVE is good value based on its PE Ratio (11x) compared to the US market (17.7x).


Price to Earnings Growth Ratio

PEG Ratio: DAVE is good value based on its PEG Ratio (0.7x)


Price to Book Ratio

PB vs Industry: DAVE is good value based on its PB Ratio (1.7x) compared to the US Hospitality industry average (2.1x).


Next Steps

Future Growth

How is Famous Dave's of America forecast to perform in the next 1 to 3 years based on estimates from 2 analysts?

16.6%

Forecasted annual earnings growth


Earnings and Revenue Growth Forecasts


Analyst Future Growth Forecasts

Earnings vs Savings Rate: DAVE's forecast earnings growth (16.6% per year) is above the savings rate (2.7%).

Earnings vs Market: DAVE's earnings (16.6% per year) are forecast to grow faster than the US market (14.6% per year).

High Growth Earnings: DAVE's earnings are forecast to grow, but not significantly.

Revenue vs Market: DAVE's revenue (17.2% per year) is forecast to grow faster than the US market (7.2% per year).

High Growth Revenue: DAVE's revenue (17.2% per year) is forecast to grow slower than 20% per year.


Earnings per Share Growth Forecasts


Future Return on Equity

Future ROE: DAVE's Return on Equity is forecast to be low in 3 years time (7.9%).


Next Steps

Past Performance

How has Famous Dave's of America performed over the past 5 years?

-17.8%

Historical annual earnings growth


Earnings and Revenue History


Past Earnings Growth Analysis

Earnings Trend: DAVE's earnings have declined by -17.8% per year over the past 5 years.

Accelerating Growth: DAVE has become profitable in the last year, making the earnings growth rate difficult to compare to its 5-year average.

Earnings vs Industry: DAVE has become profitable in the last year, making it difficult to compare its past year earnings growth to the Hospitality industry (-13.9%).


Return on Equity

High ROE: DAVE's Return on Equity (15.1%) is considered low.


Return on Assets

ROA vs Industry: DAVE has a higher Return on Assets than the Hospitality industry average last year.


Return on Capital Employed

ROCE Improving: DAVE has significantly improved its Return on Capital Employed over the past 3 years.


Next Steps

Financial Health

How is Famous Dave's of America's financial position?


Financial Position Analysis

Short Term Liabilities: DAVE's short term assets ($19.2M) exceeds its short term liabilities ($12.7M)

Long Term Liabilities: DAVE's short term assets (19.2M) do not cover its long term liabilities (29.2M)


Debt to Equity History and Analysis

Debt Level: DAVE's debt to equity ratio (10.8%) is considered satisfactory

Reducing Debt: DAVE's debt to equity ratio has reduced from 32.9% to 10.8% over the past 5 years.

Debt Coverage: DAVE's debt is well covered by operating cash flow (206.1%).

Interest Coverage: DAVE's interest payments on its debt are well covered by EBIT (13.8x coverage).


Balance Sheet

Inventory Level: DAVE has a high level of physical assets or inventory.

Debt Coverage by Assets: DAVE's debt is covered by short term assets (assets are 7.470420x debt).


Next Steps

Dividend

What is Famous Dave's of America's current dividend yield, its reliability and sustainability?


Dividend Yield vs Market

companyn/amarketbottom25%1.4%markettop25%3.7%industryaverage2.9%forecastin3Yearsn/a

Current dividend yield vs market & industry


Stability and Growth of Payments

Notable Dividend: Unable to evaluate DAVE's dividend yield against the bottom 25% of dividend payers, as the company has not reported any payouts.

High Dividend: Unable to evaluate DAVE's dividend yield against the top 25% of dividend payers, as the company has not reported any payouts.

Stable Dividend: Insufficient data to determine if DAVE's dividends per share have been stable in the past.

Growing Dividend: Insufficient data to determine if DAVE's dividend payments have been increasing.


Current Payout to Shareholders

Dividend Coverage: Insufficient data to calculate payout ratio to determine if its dividend payments are covered by earnings.


Future Payout to Shareholders

Future Dividend Coverage: No need to calculate the sustainability of DAVE's dividend in 3 years as they are not forecast to pay a notable one for the US market.


Next Steps

Management

What is the CEO of Famous Dave's of America's salary, the management and board of directors tenure and is there insider trading?

3.1yrs

Average board tenure


CEO

Jeff Crivello (40yo)

1.8yrs

Tenure

US$320,096

Compensation

Mr. Jeffery Crivello, also known as Jeff, has been the Chief Executive Officer of Famous Dave's of America, Inc., since November 14, 2017. Mr. Crivello served as the Chief Financial Officer of PW Partners  ...


CEO Compensation Analysis

Compensation vs. Market: Jeff has recently become CEO, making it difficult to compare their total compensation against companies of similar size in the US market.

Compensation vs Earnings: Jeff's compensation has been consistent with company performance over the past year.


Board Age and Tenure

3.1yrs

Average Tenure

48.5yo

Average Age

Experienced Board: DAVE's board of directors are considered experienced (3.1 years average tenure).


Insider Trading

Insider Buying: Insufficient data to determine if insiders have bought more shares than they have sold in the past 3 months.


Recent Insider Transactions

BuyUS$1,26018 Mar 19
Kanen Wealth Management LLC
EntityCompany
Shares210
Max PriceUS$6.00
BuyUS$151,06715 Mar 19
David Kanen
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares26,033
Max PriceUS$5.80
BuyUS$96,61915 Mar 19
Kanen Wealth Management LLC
EntityCompany
Shares16,236
Max PriceUS$6.00
BuyUS$112,86515 Feb 19
Kanen Wealth Management LLC
EntityCompany
Shares22,197
Max PriceUS$5.10
BuyUS$9,68615 Feb 19
David Kanen
EntityIndividual
Role
Chairman of the Board
Non-Executive Chairman
Shares1,903
Max PriceUS$5.09

Ownership Breakdown


Management Team

  • Jeff Crivello (40yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: US$320.10k
  • Paul Malazita (31yo)

    CFO & Secretary

    • Tenure: 1.5yrs
    • Compensation: US$290.92k

Board Members

  • Richard Shapiro (49yo)

    Independent Director

    • Tenure: 4.2yrs
  • Joe Jacobs (66yo)

    Independent Director

    • Tenure: 4.2yrs
  • Peter Haeg (55yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$77.20k
  • Larry Seedorf

    Member of Advisory Board

    • Tenure: 0yrs
  • Richard Welch (48yo)

    Director

    • Tenure: 1.3yrs
    • Compensation: US$97.20k
  • Anand Gala (45yo)

    Director

    • Tenure: 4.2yrs
  • Jeff Crivello (40yo)

    CEO & Director

    • Tenure: 1.8yrs
    • Compensation: US$320.10k
  • Bryan Wolff (40yo)

    Independent Director

    • Tenure: 4.2yrs
    • Compensation: US$60.00k
  • Dave Kanen (53yo)

    Non-Executive Chairman

    • Tenure: 0.6yrs

Company Information

BBQ Holdings, Inc.'s company bio, employee growth, exchange listings and data sources


Key Information

  • Name: BBQ Holdings, Inc.
  • Ticker: DAVE
  • Exchange: NasdaqGS
  • Founded: 1994
  • Industry: Restaurants
  • Sector: Consumer Services
  • Market Cap: US$43.402m
  • Shares outstanding: 9.27m
  • Website: https://www.famousdaves.com

Number of Employees


Location

  • BBQ Holdings, Inc.
  • 12701 Whitewater Drive
  • Suite 290
  • Minnetonka
  • Minnesota
  • 55343
  • United States

Listings

TickerExchangePrimary SecuritySecurity TypeCountryCurrencyListed on
DAVENasdaqGS (Nasdaq Global Select)YesCommon StockUSUSDNov 1996

Biography

Famous Dave's of America, Inc. develops, owns, operates, and franchises barbeque restaurants under the Famous Dave's name. It offers smoked, barbequed, and grilled meats, as well as entrée items and delici ...


Company Analysis and Financial Data Status

All financial data provided by Standard & Poor's Capital IQ.
DataLast Updated (UTC time)
Company Analysis2019/09/17 23:34
End of Day Share Price2019/09/17 00:00
Earnings2019/06/30
Annual Earnings2018/12/30


Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.