Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)‘s stock had its “outperform” rating reissued by research analysts at BMO Capital Markets in a report issued on Wednesday. They presently have a $70.00 price target on the restaurant operator’s stock, down from their previous price target of $72.00. BMO Capital Markets’ price objective would suggest a potential upside of 41.16% from the company’s previous close.

A number of other equities research analysts have also recently weighed in on PLAY. Jefferies Group LLC reaffirmed a “buy” rating and issued a $65.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday, May 18th. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $75.00 price objective for the company in a research note on Tuesday, May 23rd. Wells Fargo & Company reaffirmed an “outperform” rating and issued a $75.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Tuesday, May 30th. Maxim Group reaffirmed a “buy” rating and issued a $72.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Friday, June 2nd. Finally, Piper Jaffray Companies lifted their price objective on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a research note on Wednesday, June 7th. One analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. Dave & Buster’s Entertainment has a consensus rating of “Buy” and an average target price of $74.11.

Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) traded down 3.54% during trading on Wednesday, reaching $49.59. The company’s stock had a trading volume of 3,600,871 shares. Dave & Buster’s Entertainment has a 1-year low of $37.60 and a 1-year high of $73.48. The stock has a 50 day moving average of $61.09 and a 200-day moving average of $62.96. The company has a market capitalization of $2.06 billion, a PE ratio of 20.99 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.37% and a net margin of 10.27%. The business had revenue of $280.80 million during the quarter, compared to analysts’ expectations of $281.69 million. During the same period in the previous year, the firm posted $0.50 earnings per share. The company’s revenue was up 14.9% on a year-over-year basis. On average, analysts expect that Dave & Buster’s Entertainment will post $2.69 earnings per share for the current year.

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

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In related news, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction on Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total transaction of $664,600.00. Following the completion of the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at approximately $1,026,607.62. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, CMO John P. Gleason sold 15,000 shares of the business’s stock in a transaction on Thursday, June 15th. The stock was sold at an average price of $66.96, for a total value of $1,004,400.00. Following the transaction, the chief marketing officer now directly owns 25,505 shares of the company’s stock, valued at $1,707,814.80. The disclosure for this sale can be found here. Insiders have sold a total of 50,000 shares of company stock valued at $3,332,800 over the last three months. 5.60% of the stock is currently owned by insiders.

Several large investors have recently added to or reduced their stakes in PLAY. BlackRock Inc. boosted its position in shares of Dave & Buster’s Entertainment by 128,117.4% during the 1st quarter. BlackRock Inc. now owns 4,429,910 shares of the restaurant operator’s stock worth $270,623,000 after acquiring an additional 4,426,455 shares in the last quarter. Eagle Asset Management Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth about $48,306,000. Mik Capital LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth about $43,824,000. Ameriprise Financial Inc. boosted its position in shares of Dave & Buster’s Entertainment by 129.3% during the 1st quarter. Ameriprise Financial Inc. now owns 999,640 shares of the restaurant operator’s stock worth $61,068,000 after acquiring an additional 563,599 shares in the last quarter. Finally, TimesSquare Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth about $31,865,000.

Dave & Buster’s Entertainment Company Profile

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 Entertainment (NASDAQ:PLAY)

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