Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned an average rating of “Buy” from the twelve analysts that are covering the company, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, one has given a hold recommendation and ten have assigned a buy recommendation to the company. The average 1-year price objective among brokers that have covered the stock in the last year is $77.50.

Several equities research analysts have commented on the stock. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Tuesday. Canaccord Genuity boosted their price target on shares of Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the stock a “buy” rating in a research report on Friday, June 9th. Piper Jaffray Companies boosted their price target on shares of Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 7th. Jefferies Group LLC reissued a “buy” rating and set a $65.00 price target on shares of Dave & Buster’s Entertainment in a research report on Thursday, May 18th. Finally, SunTrust Banks, Inc. set a $69.00 price target on shares of Dave & Buster’s Entertainment and gave the stock a “buy” rating in a research report on Thursday, April 13th.

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Dave & Buster’s Entertainment (NASDAQ:PLAY) traded up 0.03% during trading on Tuesday, reaching $61.26. 579,938 shares of the company’s stock traded hands. The firm has a 50 day moving average price of $66.12 and a 200-day moving average price of $62.20. The firm has a market cap of $2.54 billion, a PE ratio of 25.92 and a beta of 0.64. Dave & Buster’s Entertainment has a 12 month low of $37.60 and a 12 month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Thursday, June 8th. The restaurant operator reported $0.98 EPS for the quarter, topping the consensus estimate of $0.81 by $0.17. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. The firm had revenue of $304.15 million for the quarter, compared to analysts’ expectations of $299.77 million. During the same period in the previous year, the firm posted $0.72 EPS. The company’s revenue for the quarter was up 16.1% on a year-over-year basis. On average, analysts forecast that Dave & Buster’s Entertainment will post $2.61 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment declared that its board has authorized a stock repurchase program on Tuesday, June 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the restaurant operator to purchase up to 3.4% of its stock through open market purchases. Stock buyback programs are often a sign that the company’s board of directors believes its shares are undervalued.

In other news, SVP Jay L. Tobin sold 19,186 shares of the business’s stock in a transaction dated Thursday, June 8th. The shares were sold at an average price of $71.70, for a total transaction of $1,375,636.20. Following the transaction, the senior vice president now directly owns 56,071 shares in the company, valued at approximately $4,020,290.70. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Mulleady sold 2,500 shares of the business’s stock in a transaction dated Monday, May 15th. The stock was sold at an average price of $66.25, for a total transaction of $165,625.00. Following the transaction, the senior vice president now owns 5,852 shares in the company, valued at $387,695. The disclosure for this sale can be found here. Insiders have sold a total of 146,686 shares of company stock worth $10,250,811 over the last 90 days. 5.60% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Schwab Charles Investment Management Inc. raised its position in Dave & Buster’s Entertainment by 14.1% in the first quarter. Schwab Charles Investment Management Inc. now owns 165,084 shares of the restaurant operator’s stock valued at $10,085,000 after buying an additional 20,348 shares in the last quarter. State of Alaska Department of Revenue raised its position in Dave & Buster’s Entertainment by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 7,392 shares of the restaurant operator’s stock valued at $491,000 after buying an additional 3,242 shares in the last quarter. Tributary Capital Management LLC raised its position in Dave & Buster’s Entertainment by 12.3% in the second quarter. Tributary Capital Management LLC now owns 269,690 shares of the restaurant operator’s stock valued at $17,937,000 after buying an additional 29,576 shares in the last quarter. Columbus Circle Investors raised its position in Dave & Buster’s Entertainment by 12.4% in the first quarter. Columbus Circle Investors now owns 385,317 shares of the restaurant operator’s stock valued at $23,539,000 after buying an additional 42,491 shares in the last quarter. Finally, UBS Asset Management Americas Inc. raised its position in Dave & Buster’s Entertainment by 32.2% in the first quarter. UBS Asset Management Americas Inc. now owns 16,372 shares of the restaurant operator’s stock valued at $1,000,000 after buying an additional 3,990 shares in the last quarter.

About Dave & Buster’s Entertainment

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

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