Dave & Buster’s Entertainment (NASDAQ:PLAY) has been assigned a $63.00 price target by equities researchers at Raymond James Financial in a research note issued on Wednesday. The firm currently has a “buy” rating on the restaurant operator’s stock. Raymond James Financial’s price target points to a potential upside of 19.12% from the stock’s previous close.

Other analysts have also issued research reports about the company. Maxim Group upped their target price on Dave & Buster’s Entertainment from $78.00 to $84.00 and gave the stock a “buy” rating in a report on Wednesday. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment to $68.00 and set an “outperform” rating for the company in a report on Wednesday. Canaccord Genuity lowered their target price on Dave & Buster’s Entertainment from $75.00 to $72.00 and set a “buy” rating for the company in a report on Thursday, August 31st. Zacks Investment Research upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $67.00 target price for the company in a report on Tuesday, August 22nd. Finally, Wells Fargo & Company lowered their target price on Dave & Buster’s Entertainment from $71.00 to $66.00 and set an “outperform” rating for the company in a report on Thursday, November 30th. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.80.

Shares of Dave & Buster’s Entertainment (PLAY) traded down $1.16 during midday trading on Wednesday, hitting $52.89. The company had a trading volume of 3,751,000 shares, compared to its average volume of 829,770. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. The stock 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. Dave & Buster’s Entertainment has a 12-month low of $45.71 and a 12-month high of $73.48.

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

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

In other news, CEO Stephen M. King sold 45,000 shares of the stock in a transaction 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 completion of the sale, the chief executive officer now owns 22,501 shares in the company, valued at approximately $1,120,549.80. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CFO Brian Jenkins sold 500 shares of the stock in a transaction on Friday, September 8th. The shares were sold at an average price of $52.25, for a total value of $26,125.00. Following the sale, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $263,444.50. The disclosure for this sale can be found here. In the last quarter, 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 institutional investors and hedge funds have recently modified their holdings of PLAY. Bank of Montreal Can lifted its holdings in shares of Dave & Buster’s Entertainment by 36.7% during the 2nd quarter. Bank of Montreal Can now owns 33,218 shares of the restaurant operator’s stock valued at $2,209,000 after purchasing an additional 8,913 shares during the last quarter. Aperio Group LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at $202,000. Russell Investments Group Ltd. increased its position in shares of Dave & Buster’s Entertainment by 159.9% in the 2nd 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 during the period. Strs Ohio increased its position in shares of Dave & Buster’s Entertainment by 69.6% in the 2nd 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 during the period. Finally, Municipal Employees Retirement System of Michigan increased its position in shares of Dave & Buster’s Entertainment by 3.4% in the 2nd 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 during the period.

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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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