Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)‘s stock had its “outperform” rating reissued by equities research analysts at Wells Fargo & Company in a report released on Wednesday. They currently have a $71.00 target price on the restaurant operator’s stock, down from their prior target price of $78.00. Wells Fargo & Company’s price target would indicate a potential upside of 39.35% from the company’s previous close.

PLAY has been the topic of a number of other reports. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Monday, August 21st. Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Dave & Buster’s Entertainment in a report on Friday, July 14th. Maxim Group reiterated a “buy” rating and issued a $72.00 price target on shares of Dave & Buster’s Entertainment in a report on Friday, June 2nd. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price target (down from $74.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 1st. 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 an average rating of “Buy” and an average target price of $74.11.

Shares of Dave & Buster’s Entertainment (PLAY) traded up 2.74% during midday trading on Wednesday, hitting $50.95. The company’s stock had a trading volume of 2,219,826 shares. The stock’s 50 day moving average is $60.13 and its 200-day moving average is $62.78. Dave & Buster’s Entertainment has a 52-week low of $37.60 and a 52-week high of $73.48. The firm has a market cap of $2.11 billion, a P/E ratio of 21.56 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.55 by $0.04. The company had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. Dave & Buster’s Entertainment’s revenue for the quarter was up 14.9% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.50 EPS. Equities analysts predict that Dave & Buster’s Entertainment will post $2.69 EPS for the current fiscal year.

Dave & Buster’s Entertainment announced that its board has authorized a share repurchase program on Tuesday, June 6th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to repurchase up to 3.4% of its stock through open market purchases. Stock repurchase programs are generally an indication that the company’s leadership believes its stock is undervalued.

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In related news, CFO Brian Jenkins sold 22,500 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $66.53, for a total transaction of $1,496,925.00. Following the completion of the transaction, the chief financial officer now directly owns 1 shares of the company’s stock, valued at approximately $66.53. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, CEO Stephen M. King sold 45,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the transaction, the chief executive officer now directly owns 22,501 shares of the company’s stock, valued at $1,120,549.80. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 102,500 shares of company stock worth $5,949,550. Insiders own 5.60% of the company’s stock.

Hedge funds have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC boosted its stake in shares of Dave & Buster’s Entertainment by 335.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,468 shares during the period. Tyers Asset Management LLC boosted its stake in shares of Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 168 shares during the period. Strs Ohio boosted its stake in shares of Dave & Buster’s Entertainment by 76.9% during the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dave & Buster’s Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Finally, Flinton Capital Management LLC boosted its stake in shares of Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 204 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 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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