Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Hold” from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has earned an average rating of “Hold” from the fourteen research firms that are covering the stock, MarketBeat.com reports. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the company. The average 1-year price target among brokers that have issued a report on the stock in the last year is $55.17.

Several equities analysts have recently issued reports on the company. ValuEngine cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday. Jefferies Financial Group decreased their price objective on Dave & Buster’s Entertainment from $60.00 to $56.00 and set a “buy” rating for the company in a research note on Wednesday. BMO Capital Markets decreased their price objective on Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating for the company in a research note on Wednesday. Raymond James lifted their price objective on Dave & Buster’s Entertainment from $50.00 to $60.00 and gave the company a “positive” rating in a research note on Wednesday. They noted that the move was a valuation call. Finally, Maxim Group decreased their price objective on Dave & Buster’s Entertainment from $67.00 to $62.00 and set a “buy” rating for the company in a research note on Wednesday.

Dave & Buster’s Entertainment stock traded down $0.05 during midday trading on Friday, reaching $40.01. 58,554 shares of the stock traded hands, compared to its average volume of 1,726,370. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.28 and a quick ratio of 0.26. The stock has a market capitalization of $1.45 billion, a price-to-earnings ratio of 13.69, a price-to-earnings-growth ratio of 0.89 and a beta of 1.12. Dave & Buster’s Entertainment has a 12-month low of $39.31 and a 12-month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.01). The company had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The business’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.04 EPS. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 3.03 earnings per share for the current year.

In related news, CMO John P. Gleason sold 8,200 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The stock was sold at an average price of $54.85, for a total transaction of $449,770.00. Following the completion of the sale, the chief marketing officer now owns 23,458 shares in the company, valued at $1,286,671.30. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total value of $573,000.00. Following the sale, the chief operating officer now owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 33,135 shares of company stock valued at $1,822,245. 3.70% of the stock is owned by company insiders.

A number of hedge funds have recently bought and sold shares of the stock. Walthausen & Co. LLC acquired a new position in Dave & Buster’s Entertainment during the first quarter worth approximately $10,097,000. Macquarie Group Ltd. increased its position in Dave & Buster’s Entertainment by 1.6% during the fourth quarter. Macquarie Group Ltd. now owns 37,976 shares of the restaurant operator’s stock worth $1,692,000 after buying an additional 601 shares during the period. Bank of Montreal Can increased its position in Dave & Buster’s Entertainment by 20.7% during the fourth quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock worth $700,000 after buying an additional 2,695 shares during the period. Westfield Capital Management Co. LP increased its position in Dave & Buster’s Entertainment by 13.4% during the fourth quarter. Westfield Capital Management Co. LP now owns 589,565 shares of the restaurant operator’s stock worth $26,271,000 after buying an additional 69,700 shares during the period. Finally, Suntrust Banks Inc. acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth approximately $1,392,000.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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