Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus rating of “Buy” from the thirteen ratings firms that are presently covering the company, MarketBeat.com reports. One equities research analyst has rated the stock with a sell recommendation and eleven have given a buy recommendation to the company. The average 1-year price target among brokerages that have issued a report on the stock in the last year is $72.00.

A number of research firms recently issued reports on PLAY. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 price target on shares of Dave & Buster’s Entertainment in a research note on Friday, July 14th. Raymond James Financial, Inc. reaffirmed an “outperform” rating and set a $77.00 price target on shares of Dave & Buster’s Entertainment in a research note on Monday, July 24th. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Finally, Maxim Group reaffirmed a “buy” rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a research note on Thursday, August 24th.

Dave & Buster’s Entertainment (NASDAQ:PLAY) traded down 0.37% during mid-day trading on Friday, hitting $48.84. 1,435,393 shares of the stock traded hands. Dave & Buster’s Entertainment has a 12 month low of $39.15 and a 12 month high of $73.48. The company has a market cap of $2.01 billion, a P/E ratio of 19.00 and a beta of 0.59. The company’s 50 day moving average is $50.98 and its 200 day moving average is $61.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The firm had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. During the same quarter in the previous year, the firm earned $0.50 earnings per share. The company’s quarterly revenue was up 14.9% compared to the same quarter last year. On average, analysts expect that Dave & Buster’s Entertainment will post $2.68 earnings per share for the current fiscal year.

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

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In other news, CFO Brian Jenkins sold 7,500 shares of the stock in a transaction 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 owns 1 shares of the company’s stock, valued at $50.10. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, SVP J Michael Plunkett sold 3,000 shares of the stock in a transaction 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 three months, insiders sold 58,000 shares of company stock worth $2,901,075. Insiders own 3.84% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. raised its stake in shares of Dave & Buster’s Entertainment by 3.2% in the second quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after acquiring an additional 141,356 shares during the period. Vanguard Group Inc. raised its stake in shares of Dave & Buster’s Entertainment by 11.7% in the first quarter. Vanguard Group Inc. now owns 3,912,633 shares of the restaurant operator’s stock valued at $239,022,000 after acquiring an additional 411,339 shares during the period. Voya Investment Management LLC raised its stake in shares of Dave & Buster’s Entertainment by 4.7% in the second quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after acquiring an additional 47,031 shares during the period. Dimensional Fund Advisors LP raised its stake in shares of Dave & Buster’s Entertainment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock valued at $68,751,000 after acquiring an additional 22,602 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 10.5% in the second quarter. Victory Capital Management Inc. now owns 1,005,120 shares of the restaurant operator’s stock valued at $66,851,000 after acquiring an additional 95,338 shares during the period.

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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