Famous Dave's of America up on share repurchase announcement
Famous Dave's of America, Inc. (Nasdaq: DAVE) shares are up after the restaurant operator announced after the opening a one million share repurchase plan.
The Minnetonka, Minn.-based company completed a previous share repurchase program on Sept. 12. At the time, Jeffrey Dahlberg, Famous Dave’s chairman of the board, said in a statement, "We remain committed to generating value for our shareholders and we believe that Famous Dave's stock is an attractive investment.”
In morning trading, DAVE shares are up 8.70%, or $1.37, at $17.12. Over the last 52 weeks, shares have ranged from $14.34 to $23.37.
