BMO Capital Markets Boosts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $53.00

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Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective increased by equities research analysts at BMO Capital Markets to $53.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ price target would suggest a potential upside of 32.53% from the stock’s previous close.

A number of other research firms have also issued reports on PLAY. Wells Fargo & Co reduced their target price on shares of Dave & Buster’s Entertainment from $44.00 to $42.00 and set a “market perform” rating on the stock in a report on Wednesday, December 4th. Maxim Group reaffirmed a “buy” rating and issued a $55.00 price target on shares of Dave & Buster’s Entertainment in a research report on Tuesday, November 26th. BidaskClub upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Monday, November 25th. SunTrust Banks lowered their price objective on Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Finally, William Blair lowered shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday, September 11th. Twelve investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $46.89.

Shares of PLAY opened at $39.99 on Wednesday. The stock has a market capitalization of $1.24 billion, a PE ratio of 13.65, a P/E/G ratio of 0.97 and a beta of 0.79. Dave & Buster’s Entertainment has a 1 year low of $37.21 and a 1 year high of $59.60. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.20 and a current ratio of 0.30. The company’s 50-day simple moving average is $40.42 and its 200-day simple moving average is $41.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, December 10th. The restaurant operator reported $0.02 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $0.27 by ($0.25). The business had revenue of $299.40 million during the quarter, compared to analysts’ expectations of $296.39 million. Dave & Buster’s Entertainment had a net margin of 8.78% and a return on equity of 32.64%. The company’s revenue for the quarter was up 6.1% compared to the same quarter last year. During the same period in the previous year, the business posted $0.30 EPS. On average, sell-side analysts predict that Dave & Buster’s Entertainment will post 2.81 earnings per share for the current year.

Several large investors have recently added to or reduced their stakes in the company. Groesbeck Investment Management Corp NJ increased its stake in Dave & Buster’s Entertainment by 1.3% in the third quarter. Groesbeck Investment Management Corp NJ now owns 30,340 shares of the restaurant operator’s stock valued at $1,182,000 after purchasing an additional 380 shares during the last quarter. Aperio Group LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 11.1% in the 2nd quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 457 shares in the last quarter. Whittier Trust Co. boosted its holdings in shares of Dave & Buster’s Entertainment by 1.1% in the 3rd quarter. Whittier Trust Co. now owns 49,241 shares of the restaurant operator’s stock valued at $1,918,000 after buying an additional 530 shares in the last quarter. Janney Montgomery Scott LLC grew its position in shares of Dave & Buster’s Entertainment by 7.1% in the 3rd quarter. Janney Montgomery Scott LLC now owns 10,018 shares of the restaurant operator’s stock valued at $390,000 after buying an additional 660 shares during the last quarter. Finally, California State Teachers Retirement System grew its position in shares of Dave & Buster’s Entertainment by 1.2% in the 3rd quarter. California State Teachers Retirement System now owns 56,781 shares of the restaurant operator’s stock valued at $2,212,000 after buying an additional 678 shares during the last quarter. 99.15% of the stock is owned by institutional investors and hedge funds.

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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The Fly

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

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