Seeking Alpha

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.

_________________________________________

To say last week was a great week for Famous Dave's of America (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...

Only subscribers can access this article, which is part of the PRO research library covering 3,776 different stocks.
Growing numbers of fund managers and other investment professionals subscribe to Seeking Alpha PRO for equity research that is unavailable elsewhere, so they can: