Several brokerages have updated their recommendations and price targets on shares of Dave & Buster’s Entertainment (NASDAQ: PLAY) in the last few weeks:

  • 12/6/2017 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $70.00 price target on the stock.
  • 12/6/2017 – Dave & Buster’s Entertainment had its price target lowered by analysts at SunTrust Banks, Inc. to $80.00. They now have a “buy” rating on the stock.
  • 12/6/2017 – Dave & Buster’s Entertainment was given a new $63.00 price target on by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 12/6/2017 – Dave & Buster’s Entertainment had its price target lowered by analysts at BMO Capital Markets to $68.00. They now have an “outperform” rating on the stock.
  • 12/6/2017 – Dave & Buster’s Entertainment had its price target raised by analysts at Maxim Group from $78.00 to $84.00. They now have a “buy” rating on the stock.
  • 11/30/2017 – Dave & Buster’s Entertainment had its price target lowered by analysts at Wells Fargo & Company from $71.00 to $66.00. They now have an “outperform” rating on the stock.
  • 11/9/2017 – Dave & Buster’s Entertainment was upgraded by analysts at TheStreet from a “c” rating to a “b-” rating.
  • 11/6/2017 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have underperformed the industry over the past year. Estimates for the current-year have also moved down over the last 60 days. Rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space might impact comps. However, the company’s unique business model with increased dependence on gaming, sets it apart and we expect the company’s entertainment business to instigate growth in the future. Consistent efforts to build sales and improve margins have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the second quarter of fiscal 2017 marked the 12th successive earnings beat for the company.”
  • 10/30/2017 – Dave & Buster’s Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. Although estimates for the current-quarter have moved down, current-year earnings estimates have inched up over the last 60 days. The company’s unique business model with increased dependence on gaming, sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the second quarter of fiscal 2017 marked the 12th successive earnings beat for the company. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space might impact comps.”
  • 10/24/2017 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. Although estimates for the current-quarter have moved down, current-year earnings estimates have inched up over the last 60 days. The company’s unique business model with increased dependence on gaming, sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the second quarter of fiscal 2017 marked the 11th successive earnings beat for the company. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space might impact comps.”
  • 10/22/2017 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $72.00 price target on the stock.
  • 10/13/2017 – Dave & Buster’s Entertainment is now covered by analysts at Longbow Research. They set a “buy” rating and a $77.00 price target on the stock.
  • 10/12/2017 – Dave & Buster’s Entertainment was given a new $63.00 price target on by analysts at Raymond James Financial, Inc.. They now have a “buy” rating on the stock.
  • 10/10/2017 – Dave & Buster’s Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $55.00 price target on the stock. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the second quarter of fiscal 2017 marked the 12th successive earnings beat for the company. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps.”

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) traded up $2.24 during midday trading on Thursday, hitting $54.96. The stock had a trading volume of 3,018,755 shares, compared to its average volume of 864,576. Dave & Buster’s Entertainment, Inc. has a 1-year low of $45.71 and a 1-year high of $73.48. 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 company has a market cap of $2,150.00, a P/E ratio of 21.16, a price-to-earnings-growth ratio of 1.36 and a beta of 0.58.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.29 EPS for the quarter, topping the Zacks’ consensus estimate of $0.23 by $0.06. The firm had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. Dave & Buster’s Entertainment had a return on equity of 24.63% and a net margin of 10.20%. The firm’s revenue was up 9.3% on a year-over-year basis. During the same period in the prior year, the business earned $0.25 EPS. research analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.63 EPS for the current year.

In related news, SVP J Michael Plunkett sold 3,000 shares of the company’s stock in a transaction on Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Jenkins sold 2,000 shares of the company’s stock in a transaction on Wednesday, September 13th. The stock was sold at an average price of $52.30, for a total value of $104,600.00. Following the transaction, the chief financial officer now owns 5,042 shares of the company’s stock, valued at $263,696.60. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 5,500 shares of company stock valued at $284,325. 3.84% of the stock is owned by company insiders.

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.

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