Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)‘s stock had its “buy” rating reissued by equities research analysts at Piper Jaffray Companies in a research report issued on Thursday. They presently have a $69.00 price target on the restaurant operator’s stock. Piper Jaffray Companies’ target price points to a potential upside of 41.77% from the company’s current price.

A number of other equities research analysts have also recently weighed in on PLAY. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, August 8th. BidaskClub cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, August 1st. Maxim Group restated a “buy” rating and issued a $78.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 6th. Jefferies Group LLC upped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the stock a “buy” rating in a report on Friday, June 9th. Finally, BMO Capital Markets restated a “buy” rating and issued a $77.00 price objective (up previously from $64.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, June 7th. One equities research analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the stock. The stock presently has an average rating of “Buy” and an average target price of $74.11.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) traded up 0.462% during trading on Thursday, reaching $48.895. 1,035,917 shares of the company traded hands. The firm’s 50 day moving average is $54.85 and its 200-day moving average is $62.07. The stock has a market capitalization of $2.01 billion, a P/E ratio of 19.033 and a beta of 0.59. Dave & Buster’s Entertainment has a 12-month low of $38.55 and a 12-month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.55 by $0.04. The business had revenue of $280.80 million for the quarter, compared to analysts’ expectations of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The business’s revenue was up 14.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.50 earnings per share. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post $2.69 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment announced that its board has approved a share buyback plan on Friday, September 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock buyback plans are typically an indication that the company’s leadership believes its stock is undervalued.

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In other news, CEO Stephen M. King sold 45,000 shares of the stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the sale, the chief executive officer now owns 22,501 shares in the company, valued at $1,120,549.80. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, SVP J Michael Plunkett sold 3,000 shares of the stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The disclosure for this sale can be found here. In the last quarter, insiders have sold 68,000 shares of company stock worth $3,565,675. Corporate insiders own 3.84% of the company’s stock.

Several large investors have recently bought and sold shares of PLAY. Tower Research Capital LLC TRC grew its holdings in shares of Dave & Buster’s Entertainment by 335.9% during the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,468 shares during the last quarter. Strs Ohio grew its holdings in shares of Dave & Buster’s Entertainment by 76.9% during the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 1,000 shares during the last quarter. Zurcher Kantonalbank Zurich Cantonalbank lifted its position in Dave & Buster’s Entertainment by 147.6% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the period. Point72 Asia Hong Kong Ltd lifted its position in Dave & Buster’s Entertainment by 14,258.8% during the first quarter. Point72 Asia Hong Kong Ltd now owns 2,441 shares of the restaurant operator’s stock valued at $149,000 after purchasing an additional 2,424 shares during the period. Finally, Hillsdale Investment Management Inc. bought a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $153,000.

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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