Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price dropped by investment analysts at BMO Capital Markets to $68.00 in a note issued to investors on Wednesday. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price indicates a potential upside of 28.57% from the stock’s current price.

A number of other brokerages have also commented on PLAY. Piper Jaffray Companies reissued an “overweight” rating and set a $69.00 price target (down from $74.00) on shares of Dave & Buster’s Entertainment in a research note on Friday, September 1st. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $67.00 price target on the stock in a research note on Tuesday, August 22nd. Canaccord Genuity cut their price target on Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating on the stock in a research note on Thursday, August 31st. TheStreet lowered Dave & Buster’s Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, October 4th. Finally, Maxim Group lifted their price target on Dave & Buster’s Entertainment from $78.00 to $84.00 and gave the company a “buy” rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock presently has a consensus rating of “Buy” and an average price target of $71.80.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) traded down $1.16 during mid-day trading on Wednesday, hitting $52.89. The stock had a trading volume of 3,751,000 shares, compared to its average volume of 829,770. Dave & Buster’s Entertainment has a 12-month low of $45.71 and a 12-month high of $73.48. The firm has a market capitalization of $2,221.51, a price-to-earnings ratio of 21.97, a price-to-earnings-growth ratio of 1.35 and a beta of 0.58. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.70.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, December 5th. The restaurant operator reported $0.27 EPS for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.03. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $255.70 million. During the same period last year, the firm posted $0.25 earnings per share. The business’s revenue for the quarter was up 9.3% on a year-over-year basis. analysts forecast that Dave & Buster’s Entertainment will post 2.71 EPS for the current year.

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

In other news, CFO Brian Jenkins sold 7,500 shares of the business’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $50.10, for a total transaction of $375,750.00. Following the completion of the sale, the chief financial officer now owns 1 shares in the company, valued at $50.10. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 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 value of $2,241,000.00. Following the sale, the chief executive officer now owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. Over 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 hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. Bank of Montreal Can increased its holdings in shares of Dave & Buster’s Entertainment by 36.7% during the second quarter. Bank of Montreal Can now owns 33,218 shares of the restaurant operator’s stock valued at $2,209,000 after acquiring an additional 8,913 shares in the last quarter. Aperio Group LLC bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $202,000. Russell Investments Group Ltd. increased its holdings in shares of Dave & Buster’s Entertainment by 159.9% during the second quarter. Russell Investments Group Ltd. now owns 247,417 shares of the restaurant operator’s stock valued at $16,455,000 after acquiring an additional 152,210 shares in the last quarter. Strs Ohio increased its holdings in shares of Dave & Buster’s Entertainment by 69.6% during the second quarter. Strs Ohio now owns 3,900 shares of the restaurant operator’s stock valued at $259,000 after acquiring an additional 1,600 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan increased its holdings in shares of Dave & Buster’s Entertainment by 3.4% during the second quarter. Municipal Employees Retirement System of Michigan now owns 8,840 shares of the restaurant operator’s stock valued at $588,000 after acquiring an additional 290 shares in the last quarter.

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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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