Dave & Buster’s (PLAY) Price Target Lowered to $62.00 at Maxim Group

Dave & Buster’s (NASDAQ:PLAY) had its price objective trimmed by Maxim Group from $74.00 to $62.00 in a report published on Wednesday morning, Marketbeat.com reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

Several other research firms have also commented on PLAY. Canaccord Genuity reiterated a buy rating and issued a $60.00 price objective (down from $70.00) on shares of Dave & Buster’s in a research report on Thursday, March 29th. Wells Fargo decreased their price objective on shares of Dave & Buster’s from $66.00 to $60.00 and set an outperform rating on the stock in a research report on Tuesday, January 9th. SunTrust Banks set a $54.00 price objective on shares of Dave & Buster’s and gave the stock a buy rating in a research report on Tuesday. Piper Jaffray reiterated a buy rating and issued a $56.00 price objective on shares of Dave & Buster’s in a research report on Tuesday, January 9th. Finally, BMO Capital Markets decreased their price objective on shares of Dave & Buster’s from $60.00 to $49.00 and set an outperform rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Two research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have assigned a buy rating to the company’s stock. Dave & Buster’s currently has a consensus rating of Buy and a consensus target price of $61.10.

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NASDAQ:PLAY opened at $41.58 on Wednesday. Dave & Buster’s has a fifty-two week low of $37.85 and a fifty-two week high of $73.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.26 and a current ratio of 0.46. The firm has a market cap of $1,648.54, a PE ratio of 16.76, a P/E/G ratio of 1.05 and a beta of 0.44.

Dave & Buster’s (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, April 3rd. The restaurant operator reported $0.61 EPS for the quarter, topping the consensus estimate of $0.60 by $0.01. Dave & Buster’s had a net margin of 10.61% and a return on equity of 24.67%. The business had revenue of $304.90 million for the quarter, compared to analyst estimates of $304.82 million. During the same period in the previous year, the firm earned $0.63 EPS. The business’s revenue for the quarter was up 12.8% compared to the same quarter last year. equities research analysts expect that Dave & Buster’s will post 2.66 earnings per share for the current fiscal year.

In other Dave & Buster’s news, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.60, for a total value of $93,200.00. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Kevin M. Sheehan bought 10,000 shares of Dave & Buster’s stock in a transaction on Monday, January 8th. The stock was purchased at an average price of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the acquisition, the director now owns 60,138 shares in the company, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. 3.84% of the stock is currently owned by corporate insiders.

Large investors have recently added to or reduced their stakes in the business. BlackRock Inc. lifted its holdings in Dave & Buster’s by 2.1% in the 4th quarter. BlackRock Inc. now owns 5,155,212 shares of the restaurant operator’s stock valued at $284,412,000 after purchasing an additional 107,571 shares in the last quarter. Teachers Advisors LLC lifted its holdings in Dave & Buster’s by 90.1% in the 4th quarter. Teachers Advisors LLC now owns 580,368 shares of the restaurant operator’s stock valued at $32,019,000 after purchasing an additional 275,076 shares in the last quarter. Waratah Capital Advisors Ltd. purchased a new position in Dave & Buster’s in the 4th quarter valued at about $1,169,000. US Bancorp DE lifted its holdings in Dave & Buster’s by 33.5% in the 4th quarter. US Bancorp DE now owns 24,159 shares of the restaurant operator’s stock valued at $1,333,000 after purchasing an additional 6,063 shares in the last quarter. Finally, Carillon Tower Advisers Inc. purchased a new position in Dave & Buster’s in the 4th quarter valued at about $33,953,000.

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About Dave & Buster’s

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 (NASDAQ:PLAY)

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