Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective cut by equities researchers at SunTrust Banks to $80.00 in a note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ target price indicates a potential upside of 51.26% from the stock’s current price.

Other equities analysts have also issued research reports about the company. TheStreet raised Dave & Buster’s Entertainment from a “c” rating to a “b-” rating in a research report on Thursday, November 9th. Canaccord Genuity reissued a “buy” rating and issued a $72.00 target price (down previously from $75.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, September 6th. Maxim Group reissued a “buy” rating and issued a $78.00 target price on shares of Dave & Buster’s Entertainment in a research report on Wednesday, September 6th. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $65.00 price target for the company in a research report on Tuesday, August 29th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and set a $69.00 price target on shares of Dave & Buster’s Entertainment in a research report on Thursday, October 5th. One investment analyst has rated the stock with a sell rating, one has issued a hold rating and ten have issued a buy rating to the company’s stock. The stock has a consensus rating of “Buy” and an average target price of $71.30.

Dave & Buster’s Entertainment (NASDAQ PLAY) traded down $1.16 during trading hours on Wednesday, reaching $52.89. 3,751,000 shares of the company traded hands, compared to its average volume of 829,770. The company has a market capitalization of $2,221.51, a PE ratio of 21.97, a P/E/G ratio of 1.35 and a beta of 0.58. Dave & Buster’s Entertainment has a twelve month low of $45.71 and a twelve month high of $73.48. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70.

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

Dave & Buster’s Entertainment declared that its Board of Directors has initiated a stock repurchase program on Friday, September 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the restaurant operator to repurchase up to 4.7% of its stock through open market purchases. Stock repurchase programs are typically an indication that the company’s leadership believes its stock is undervalued.

In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 500 shares of the business’s stock in a transaction on Friday, September 8th. The stock was sold at an average price of $52.25, for a total transaction of $26,125.00. Following the transaction, the chief financial officer now owns 5,042 shares of the company’s stock, valued at $263,444.50. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Stephen M. King sold 45,000 shares of the business’s stock in a transaction on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total value of $2,241,000.00. Following the transaction, the chief executive officer now directly owns 22,501 shares in the company, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 58,000 shares of company stock valued at $2,901,075. 3.84% of the stock is owned by company insiders.

Hedge funds have recently bought and sold shares of the stock. Alps Advisors Inc. boosted its position in shares of Dave & Buster’s Entertainment by 0.3% during the 2nd quarter. Alps Advisors Inc. now owns 8,142 shares of the restaurant operator’s stock worth $542,000 after acquiring an additional 21 shares in the last quarter. Pinebridge Investments L.P. lifted its position in Dave & Buster’s Entertainment by 1.0% during the 2nd quarter. Pinebridge Investments L.P. now owns 4,933 shares of the restaurant operator’s stock worth $328,000 after acquiring an additional 50 shares during the period. Renaissance Group LLC lifted its position in Dave & Buster’s Entertainment by 0.9% during the 2nd quarter. Renaissance Group LLC now owns 5,811 shares of the restaurant operator’s stock worth $386,000 after acquiring an additional 54 shares during the period. JPMorgan Chase & Co. lifted its position in Dave & Buster’s Entertainment by 0.6% during the 2nd quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock worth $907,000 after acquiring an additional 79 shares during the period. Finally, Pacad Investment Ltd. raised its stake in shares of Dave & Buster’s Entertainment by 1.0% during the 2nd quarter. Pacad Investment Ltd. now owns 8,800 shares of the restaurant operator’s stock worth $585,000 after buying an additional 89 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.

The Fly

Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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