Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was downgraded by analysts at TheStreet from a “b” rating to a “c” rating in a report issued on Wednesday.

Several other equities research analysts have also issued reports on PLAY. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $69.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Thursday. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Maxim Group reissued a “buy” rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC raised their price target on Dave & Buster’s Entertainment from $65.00 to $80.00 and gave the stock a “buy” rating in a research note on Friday, June 9th. One research analyst has rated the stock with a sell rating and ten have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment has an average rating of “Buy” and a consensus target price of $74.11.

Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) traded up 1.11% during mid-day trading on Wednesday, reaching $49.21. The company’s stock had a trading volume of 1,617,995 shares. Dave & Buster’s Entertainment has a 52-week low of $39.00 and a 52-week high of $73.48. The company has a market cap of $2.02 billion, a PE ratio of 19.16 and a beta of 0.59. The company has a 50-day moving average price of $54.51 and a 200 day moving average price of $61.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. The business had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The company’s revenue for the quarter was up 14.9% on a year-over-year basis. During the same period last year, the company earned $0.50 EPS. Equities analysts expect that Dave & Buster’s Entertainment will post $2.70 earnings per share for the current year.

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

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In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 3,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 19th. The shares were sold at an average price of $66.46, for a total value of $664,600.00. Following the sale, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at $1,026,607.62. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,000 shares of company stock valued at $3,565,675. 3.84% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently modified their holdings of the business. Tower Research Capital LLC TRC raised its position in 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 valued at $116,000 after purchasing an additional 1,468 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in 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 valued at $143,000 after purchasing an additional 1,286 shares in the last quarter. Strs Ohio raised its position in Dave & Buster’s Entertainment by 76.9% during the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after purchasing an additional 1,000 shares in the last quarter. Hillsdale Investment Management Inc. bought a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $153,000. Finally, Point72 Asia Hong Kong Ltd raised its position in Dave & Buster’s Entertainment by 14,258.8% during the 1st 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 in the last quarter.

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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