Dave & Buster's Entertainment (PLAY) Price Target Increased to $95.00 by Analysts at SunTrust Banks

Dave & Buster's Entertainment (NASDAQ:PLAY) had its price objective lifted by SunTrust Banks to $95.00 in a research note issued to investors on Wednesday. They currently have an in-line rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.31 EPS and FY2020 earnings at $3.96 EPS.

Other equities research analysts have also issued research reports about the stock. BidaskClub raised shares of Dave & Buster's Entertainment from a sell rating to a hold rating in a research report on Friday, December 29th. BMO Capital Markets reaffirmed an outperform rating and set a $70.00 price target (down previously from $72.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday, September 6th. Maxim Group reaffirmed a buy rating and set a $78.00 price target on shares of Dave & Buster's Entertainment in a research report on Wednesday, September 6th. Wells Fargo & Co reduced their price target on shares of Dave & Buster's Entertainment from $71.00 to $66.00 and set an outperform rating for the company in a research report on Thursday, November 30th. Finally, Canaccord Genuity reaffirmed a buy rating and set a $70.00 price target on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 6th. Three equities research analysts have rated the stock with a hold rating and nine have given a buy rating to the company. Dave & Buster's Entertainment currently has an average rating of Buy and a consensus price target of $73.90.

Shares of Dave & Buster's Entertainment (NASDAQ PLAY) traded up $1.47 during trading hours on Wednesday, reaching $57.37. The company’s stock had a trading volume of 1,182,900 shares, compared to its average volume of 1,118,400. Dave & Buster's Entertainment has a fifty-two week low of $45.71 and a fifty-two week high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70. The stock has a market cap of $2,330.00, a price-to-earnings ratio of 21.90, a price-to-earnings-growth ratio of 1.42 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, beating the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The firm had revenue of $250.00 million during the quarter, compared to analyst estimates of $255.70 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The business’s revenue for the quarter was up 9.3% compared to the same quarter last year. sell-side analysts anticipate that Dave & Buster's Entertainment will post 2.65 EPS for the current year.

Dave & Buster's Entertainment declared that its Board of Directors has initiated a share buyback plan on Friday, September 8th that authorizes the company to buyback $100.00 million in shares. This buyback authorization authorizes the restaurant operator to purchase up to 4.7% of its stock through open market purchases. Stock buyback plans are often an indication that the company’s management believes its stock is undervalued.

In related news, CFO Brian Jenkins sold 10,000 shares of the business’s stock in a transaction that occurred on Thursday, December 7th. The stock was sold at an average price of $54.09, for a total transaction of $540,900.00. Following the completion of the transaction, the chief financial officer now directly owns 5,042 shares in the company, valued at approximately $272,721.78. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, SVP Jay L. Tobin sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.00, for a total value of $220,000.00. Following the transaction, the senior vice president now owns 52,071 shares of the company’s stock, valued at $2,863,905. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 17,200 shares of company stock valued at $939,640. 3.84% of the stock is currently owned by corporate insiders.

Large investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank grew its stake in shares of Dave & Buster's Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after acquiring an additional 1,286 shares during the period. Hillsdale Investment Management Inc. bought a new position in shares of Dave & Buster's Entertainment during the 2nd quarter valued at approximately $153,000. Aperio Group LLC bought a new position in shares of Dave & Buster's Entertainment during the 2nd quarter valued at approximately $202,000. First Republic Investment Management Inc. bought a new position in shares of Dave & Buster's Entertainment during the 3rd quarter valued at approximately $203,000. Finally, Advisors Asset Management Inc. grew its stake in shares of Dave & Buster's Entertainment by 11.4% during the 2nd quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock valued at $225,000 after acquiring an additional 347 shares during the period.

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About Dave & Buster's Entertainment

Dave & Buster?s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ?Fun American New Gourmet? 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.

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

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