Dave & Buster’s Entertainment (NASDAQ:PLAY) PT Raised to $60.00

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Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective raised by Raymond James from $50.00 to $60.00 in a report published on Wednesday, The Fly reports. They currently have a positive rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

Several other equities research analysts have also issued reports on the company. SunTrust Banks reduced their price target on Dave & Buster’s Entertainment to $61.00 and set a buy rating for the company in a report on Tuesday, March 5th. BMO Capital Markets reiterated an outperform rating and set a $66.00 price target (up from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Maxim Group reiterated a buy rating and set a $67.00 price target on shares of Dave & Buster’s Entertainment in a report on Tuesday, June 4th. Wells Fargo & Co boosted their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an outperform rating in a report on Wednesday, April 3rd. Finally, BidaskClub lowered Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Tuesday, February 12th. Three research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have assigned a buy rating to the company. The company presently has an average rating of Hold and a consensus price target of $56.70.

Shares of Dave & Buster’s Entertainment stock opened at $40.00 on Wednesday. The stock has a market cap of $1.89 billion, a PE ratio of 13.65, a PEG ratio of 1.13 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. Dave & Buster’s Entertainment has a 52-week low of $39.46 and a 52-week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). The firm had revenue of $363.58 million for the quarter, compared to analyst estimates of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 28.11%. The firm’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.04 earnings per share. Equities analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current fiscal 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 value of $449,770.00. Following the completion of the sale, the chief marketing officer now directly owns 23,458 shares in the company, valued at approximately $1,286,671.30. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment 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 completion of the transaction, the chief operating officer now directly owns 23,960 shares in the company, valued at $1,372,908. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,635 shares of company stock valued at $2,185,020. Corporate insiders own 3.70% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the business. Marshall Wace LLP grew its position in Dave & Buster’s Entertainment by 2.7% in the first quarter. Marshall Wace LLP now owns 276,095 shares of the restaurant operator’s stock valued at $13,769,000 after acquiring an additional 7,321 shares during the period. Nordea Investment Management AB grew its position in Dave & Buster’s Entertainment by 3.2% in the first quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after acquiring an additional 2,311 shares during the period. Macquarie Group Ltd. grew its position in Dave & Buster’s Entertainment by 2.7% in the first quarter. Macquarie Group Ltd. now owns 39,001 shares of the restaurant operator’s stock valued at $1,945,000 after acquiring an additional 1,025 shares during the period. Goldman Sachs Group Inc. grew its position in Dave & Buster’s Entertainment by 1.5% in the first quarter. Goldman Sachs Group Inc. now owns 408,103 shares of the restaurant operator’s stock valued at $20,352,000 after acquiring an additional 5,972 shares during the period. Finally, Oxford Asset Management LLP bought a new stake in Dave & Buster’s Entertainment in the first quarter valued at $1,726,000.

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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