Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given a $63.00 price objective by investment analysts at Raymond James Financial, Inc. in a research report issued on Thursday. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Raymond James Financial, Inc.’s price objective points to a potential upside of 35.95% from the stock’s previous close.

Several other analysts have also recently issued reports on PLAY. BidaskClub cut Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Saturday, June 17th. Jefferies Group LLC reissued a “buy” rating and issued a $80.00 target price on shares of Dave & Buster’s Entertainment in a research note on Friday, July 14th. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Maxim Group reissued a “buy” rating and issued a $78.00 target price on shares of Dave & Buster’s Entertainment in a research note on Thursday, August 24th. Finally, BMO Capital Markets set a $72.00 target price on Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a research note on Tuesday, August 29th. One investment analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $71.44.

Shares of Dave & Buster’s Entertainment (PLAY) traded down 2.30% during trading on Thursday, reaching $46.34. The company’s stock had a trading volume of 1,419,434 shares. The stock has a market cap of $1.90 billion, a P/E ratio of 18.04 and a beta of 0.59. Dave & Buster’s Entertainment has a 52-week low of $39.15 and a 52-week high of $73.48. The stock has a 50-day moving average of $52.75 and a 200-day moving average of $61.56.

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 (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. The firm had revenue of $280.80 million for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period last year, the firm earned $0.50 earnings per share. Analysts predict that Dave & Buster’s Entertainment will post $2.70 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment announced that its board has authorized a stock 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 repurchase up to 4.7% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s board believes its stock is undervalued.

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In other Dave & Buster’s Entertainment news, CEO Stephen M. King sold 45,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CFO Brian Jenkins sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $50.10, for a total value of $375,750.00. Following the sale, the chief financial officer now directly owns 1 shares in the company, valued at $50.10. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 68,000 shares of company stock worth $3,565,675. Insiders own 3.84% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PLAY. US Bancorp DE boosted its position in Dave & Buster’s Entertainment by 29.6% during the 1st quarter. US Bancorp DE now owns 3,059 shares of the restaurant operator’s stock valued at $187,000 after acquiring an additional 699 shares in the last quarter. UBS Asset Management Americas Inc. boosted its position in Dave & Buster’s Entertainment by 32.2% during the 1st quarter. UBS Asset Management Americas Inc. now owns 16,372 shares of the restaurant operator’s stock valued at $1,000,000 after acquiring an additional 3,990 shares in the last quarter. Ameritas Investment Partners Inc. bought a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $200,000. Mason Street Advisors LLC boosted its position in Dave & Buster’s Entertainment by 7.1% during the 1st quarter. Mason Street Advisors LLC now owns 8,755 shares of the restaurant operator’s stock valued at $535,000 after acquiring an additional 577 shares in the last quarter. Finally, Prudential Financial Inc. boosted its position in Dave & Buster’s Entertainment by 5.9% during the 1st quarter. Prudential Financial Inc. now owns 67,165 shares of the restaurant operator’s stock valued at $4,103,000 after acquiring an additional 3,725 shares in the last quarter.

About Dave & Buster’s Entertainment

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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