Mark Yagalla
Gold, currencies, macro, commodities

Famous Dave's Is About To Get Even More Famous

Executive summary:

  • The former President & CEO of McDonald's U.S.A. is now the interim CEO of Famous Dave's of America.
  • Look for continued expansion and the development of a fast-casual concept.
  • With only 194 locations, Famous Dave's has the potential to become the next Buffalo Wild Wings or Chipotle.
  • Shares of Famous Dave remain cheap based on several metrics compared to Buffalo Wild Wings and Chipotle.

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To say last week was a great week for Famous Dave's of America (NASDAQ:DAVE) is an understatement. First, the company beat EPS estimates by a penny a share. Second, the company announced that Board Member Ed Rensi will be the company's new CEO.

For those of you who don't know who...

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