MINNEAPOLIS Famous Dave’s of America Inc., the operator or franchisor of 153 namesake barbeque restaurants, completed this month the repurchase of 1 million of its outstanding shares, funded through working capital and cash flow, the company said.
Famous Dave’s has completed three buybacks of 1 million shares, according to company chairman Jeffrey Dahlberg, and during the past three bought back about 20 percent of its share base. Famous Dave’s currently has about 10 million shares outstanding.
The company’s stock has traded between $14.34 per share and $23.37 per share during the past 52 weeks, as of Sept. 13.
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