Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)‘s stock had its “buy” rating reissued by stock analysts at Canaccord Genuity in a research report issued on Sunday. They presently have a $72.00 target price on the restaurant operator’s stock. Canaccord Genuity’s target price would indicate a potential upside of 47.42% from the stock’s previous close.

PLAY has been the subject of several other reports. Maxim Group reiterated a “buy” rating and issued a $78.00 price target on shares of Dave & Buster’s Entertainment in a research note on Thursday, August 24th. Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $55.00 price target for the company in a research note on Tuesday, October 10th. BidaskClub cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. BMO Capital Markets reiterated an “outperform” rating and issued a $70.00 price target (down from $72.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th. Finally, Jefferies Group LLC reiterated a “buy” rating and issued a $80.00 price target on shares of Dave & Buster’s Entertainment in a research note on Friday, July 14th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the company’s stock. The company presently has a consensus rating of “Buy” and an average price target of $72.00.

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

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results 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 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 firm’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 company posted $0.50 earnings per share. Analysts predict that Dave & Buster’s Entertainment will post $2.68 EPS for the current fiscal year.

Dave & Buster’s Entertainment declared that its Board of Directors has approved a stock repurchase plan on Friday, September 8th that permits the company to buyback $100.00 million in shares. This buyback authorization permits the restaurant operator to repurchase up to 4.7% of its stock through open market purchases. Stock buyback plans are usually an indication that the company’s board of directors believes its shares are undervalued.

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In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $50.10, for a total transaction of $375,750.00. Following the completion of the transaction, the chief financial officer now directly owns 1 shares in the company, valued at $50.10. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CEO Stephen M. King sold 45,000 shares of the business’s 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 transaction, the chief executive officer now 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 have sold 58,000 shares of company stock valued at $2,901,075. Company insiders own 3.84% of the company’s stock.

Several large investors have recently made changes to their positions in PLAY. Tower Research Capital LLC TRC increased 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 worth $116,000 after buying an additional 1,468 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its holdings in shares of 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 worth $143,000 after buying an additional 1,286 shares in the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth $153,000. Cambridge Investment Research Advisors Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth $201,000. Finally, Aperio Group LLC acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth $202,000.

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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