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Famous Dave's of America, Inc. (DAVE) Reaches $5.90 After 7.00% Down Move; Lateef Investment Management LP Has Trimmed Its Progressive (PGR) Position

Lateef Investment Management Lp decreased Progressive Corp (PGR) stake by 1.46% reported in 2017Q3 SEC filing. Lateef Investment Management Lp sold 12,223 shares as Progressive Corp (PGR)’s stock rose 6.56%. The Lateef Investment Management Lp holds 827,453 shares with $40.07M value, down from 839,676 last quarter. Progressive Corp now has $32.54B valuation. The stock increased 0.50% or $0.28 during the last trading session, reaching $55.94. About 2.66M shares traded. The Progressive Corporation (NYSE:PGR) has risen 26.23% since January 13, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

The stock of Famous Dave's of America, Inc. (NASDAQ:DAVE) is a huge mover today! The stock decreased 10.61% or $0.7 during the last trading session, reaching $5.9. About 121,351 shares traded or 52.31% up from the average. Famous Dave's of America, Inc. (NASDAQ:DAVE) has declined 23.38% since January 13, 2017 and is downtrending. It has underperformed by 40.08% the S&P500.The move comes after 5 months negative chart setup for the $41.05M company. It was reported on Jan, 13 by Barchart.com. We have $5.49 PT which if reached, will make NASDAQ:DAVE worth $2.87M less.

Among 18 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 2 Sell and 8 Hold. Therefore 44% are positive. Progressive had 52 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The Progressive Corporation (NYSE:PGR) has “Hold” rating given on Wednesday, April 19 by Wells Fargo. On Thursday, July 13 the stock rating was upgraded by Raymond James to “Strong Buy”. On Thursday, June 2 the stock rating was downgraded by Citigroup to “Sell”. The rating was maintained by Barclays Capital on Monday, October 16 with “Underweight”. Deutsche Bank maintained The Progressive Corporation (NYSE:PGR) on Monday, September 19 with “Sell” rating. Keefe Bruyette & Woods maintained The Progressive Corporation (NYSE:PGR) on Monday, September 18 with “Buy” rating. Citigroup maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, October 18. Citigroup has “Neutral” rating and $51 target. The rating was maintained by Wells Fargo on Wednesday, August 16 with “Hold”. Sandler O’Neill upgraded the shares of PGR in report on Thursday, December 17 to “Hold” rating. The stock of The Progressive Corporation (NYSE:PGR) has “Neutral” rating given on Friday, October 14 by Citigroup.

Since August 17, 2017, it had 0 buys, and 5 insider sales for $4.92 million activity. $434,070 worth of The Progressive Corporation (NYSE:PGR) was sold by BASCH JEFFREY W on Wednesday, October 18. $60,913 worth of The Progressive Corporation (NYSE:PGR) was sold by Broz Steven on Wednesday, August 23. $2.43 million worth of stock was sold by Sauerland John P on Thursday, August 17. Another trade for 6,000 shares valued at $293,400 was sold by Charney M Jeffrey. Griffith Susan Patricia had sold 35,000 shares worth $1.70M.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It dropped, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Sterling Cap Mngmt Limited Liability holds 0.06% or 121,220 shares in its portfolio. Mount Lucas Management Ltd Partnership reported 0.45% stake. Wilbanks Smith And Thomas Asset Mngmt Ltd Liability Corporation holds 0.03% or 6,316 shares. Segall Bryant Hamill Llc, Illinois-based fund reported 138,057 shares. Shine Inv Advisory Inc holds 943 shares. Northwestern Mutual Wealth Mgmt, Wisconsin-based fund reported 275,433 shares. Comm Bank & Trust reported 0.01% in The Progressive Corporation (NYSE:PGR). Fdx reported 50,123 shares. Beck Mack And Oliver Ltd Liability Co reported 0.04% stake. Winfield Assocs accumulated 0.15% or 5,810 shares. Grantham Mayo Van Otterloo And Ltd Limited Liability Company, Massachusetts-based fund reported 489,750 shares. Huntington Retail Bank accumulated 17,823 shares or 0.01% of the stock. Lmr Prns Limited Liability Partnership accumulated 8,163 shares. State Of Alaska Department Of Revenue has 0.08% invested in The Progressive Corporation (NYSE:PGR) for 32,890 shares. Axa reported 0.06% stake.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on January, 24. They expect $0.74 EPS, up 19.35% or $0.12 from last year’s $0.62 per share. PGR’s profit will be $430.39 million for 18.90 P/E if the $0.74 EPS becomes a reality. After $0.41 actual EPS reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts 80.49% EPS growth.

Famous Dave’s of America, Inc. develops, owns, operates, and franchises restaurants under the Famous Dave’s name. The company has market cap of $41.05 million. It offers smoked, barbequed, and grilled meats, as well as entrée items and delicious side dishes that are prepared using prepared proprietary seasonings, sauces, and mixes. It currently has negative earnings. The firm operates full-service and counter-service restaurants.

Investors sentiment increased to 0.67 in Q3 2017. Its up 0.31, from 0.36 in 2017Q2. It is positive, as 3 investors sold Famous Dave's of America, Inc. shares while 6 reduced holdings. 2 funds opened positions while 4 raised stakes. 4.30 million shares or 0.62% less from 4.33 million shares in 2017Q2 were reported. Deutsche Bancorp Ag has invested 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE). Cranbrook Wealth Limited Liability Co holds 0% or 155 shares in its portfolio. Royal Bank Of Canada holds 0% or 6 shares in its portfolio. 1.14 million are held by Bandera Prns Limited Com. State Bank Of America De reported 779 shares. 200 were accumulated by Us State Bank De. Vanguard Incorporated invested in 216,224 shares or 0% of the stock. Northern Tru holds 23,249 shares or 0% of its portfolio. Dimensional Fund Advsrs L P owns 176,014 shares or 0% of their US portfolio. Wells Fargo Mn holds 0% of its portfolio in Famous Dave's of America, Inc. (NASDAQ:DAVE) for 1 shares. Morgan Stanley reported 216 shares. Geode Cap Mngmt Limited Liability, a Massachusetts-based fund reported 30,474 shares. New York-based Blackrock Inc has invested 0% in Famous Dave's of America, Inc. (NASDAQ:DAVE). 260,400 are owned by Renaissance Technology Ltd Co. California Employees Retirement System invested in 24,910 shares.

Among 3 analysts covering Famous Dave’s (NASDAQ:DAVE), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Famous Dave’s had 4 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, November 14 by Craig Hallum. The rating was downgraded by Craig Hallum to “Buy” on Wednesday, August 5. The firm has “Neutral” rating by Sidoti given on Wednesday, November 4. As per Wednesday, September 9, the company rating was maintained by Stifel Nicolaus.

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