Dave & Buster’s Entertainment (PLAY) Price Target Cut to $58.00 by Analysts at Jefferies Financial Group

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Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price decreased by Jefferies Financial Group to $58.00 in a research note published on Wednesday, The Fly reports. Jefferies Financial Group currently has a buy rating on the restaurant operator’s stock. Jefferies Financial Group also issued estimates for Dave & Buster’s Entertainment’s Q4 2019 earnings at $0.59 EPS, FY2019 earnings at $2.77 EPS, Q1 2020 earnings at $1.18 EPS, Q2 2020 earnings at $0.85 EPS, Q3 2020 earnings at $0.26 EPS, Q4 2020 earnings at $0.64 EPS, FY2020 earnings at $2.95 EPS and FY2021 earnings at $3.57 EPS.

A number of other research firms have also recently issued reports on PLAY. BidaskClub cut Dave & Buster’s Entertainment from a strong-buy rating to a buy rating in a research note on Tuesday, December 4th. Zacks Investment Research cut Dave & Buster’s Entertainment from a buy rating to a hold rating in a research note on Thursday, December 6th. Maxim Group raised their target price on Dave & Buster’s Entertainment from $71.00 to $76.00 and gave the company a buy rating in a research note on Friday, December 7th. Canaccord Genuity raised their target price on Dave & Buster’s Entertainment from $65.00 to $72.00 and gave the company a buy rating in a research note on Monday, September 17th. They noted that the move was a valuation call. Finally, Gordon Haskett assumed coverage on Dave & Buster’s Entertainment in a research note on Thursday, October 18th. They issued a buy rating and a $70.00 target price on the stock. Three equities research analysts have rated the stock with a hold rating and eleven have given a buy rating to the stock. The stock presently has an average rating of Buy and a consensus price target of $65.00.

Shares of PLAY opened at $47.01 on Wednesday. Dave & Buster’s Entertainment has a 12-month low of $37.85 and a 12-month high of $67.05. The firm has a market cap of $1.98 billion, a P/E ratio of 18.08, a PEG ratio of 1.25 and a beta of 0.63. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, December 11th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Dave & Buster’s Entertainment had a return on equity of 26.15% and a net margin of 9.97%. The firm had revenue of $282.14 million for the quarter, compared to analysts’ expectations of $277.28 million. During the same period last year, the business posted $0.27 earnings per share. The firm’s revenue for the quarter was up 12.9% on a year-over-year basis. As a group, analysts predict that Dave & Buster’s Entertainment will post 2.76 EPS for the current fiscal year.

In other news, SVP J Michael Plunkett sold 2,000 shares of the firm’s stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $59.80, for a total transaction of $119,600.00. Following the transaction, the senior vice president now directly owns 3,671 shares of the company’s stock, valued at $219,525.80. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $65.63, for a total value of $656,300.00. Following the transaction, the chief operating officer now directly owns 18,563 shares in the company, valued at $1,218,289.69. The disclosure for this sale can be found here. Insiders sold 148,600 shares of company stock worth $9,306,183 over the last quarter. 3.40% of the stock is currently owned by company insiders.

Several institutional investors and hedge funds have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 2.4% during the third quarter. Vanguard Group Inc. now owns 3,955,269 shares of the restaurant operator’s stock valued at $261,918,000 after purchasing an additional 92,063 shares during the period. Bank of New York Mellon Corp boosted its position in shares of Dave & Buster’s Entertainment by 81.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock valued at $188,258,000 after purchasing an additional 1,272,203 shares during the period. Mackenzie Financial Corp boosted its position in shares of Dave & Buster’s Entertainment by 15.1% in the 3rd quarter. Mackenzie Financial Corp now owns 1,788,706 shares of the restaurant operator’s stock valued at $118,448,000 after purchasing an additional 234,292 shares during the period. Eagle Asset Management Inc. boosted its position in Dave & Buster’s Entertainment by 37.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,191,125 shares of the restaurant operator’s stock worth $78,876,000 after acquiring an additional 325,346 shares during the period. Finally, Rice Hall James & Associates LLC boosted its position in Dave & Buster’s Entertainment by 6.1% during the 3rd quarter. Rice Hall James & Associates LLC now owns 1,190,101 shares of the restaurant operator’s stock worth $78,808,000 after acquiring an additional 68,181 shares during the period.

Dave & Buster’s Entertainment Company Profile

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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