Dave & Buster's Entertainment (NASDAQ:PLAY) had its price objective hoisted by equities research analysts at SunTrust Banks to $95.00 in a report issued on Wednesday, The Fly reports. The firm currently has an “in-line” rating on the restaurant operator’s stock. SunTrust Banks’ target price would suggest a potential upside of 74.22% from the company’s previous close.
A number of other equities research analysts also recently issued reports on PLAY. BidaskClub raised shares of Dave & Buster's Entertainment from a “sell” rating to a “hold” rating in a research note on Friday, December 29th. Maxim Group reissued a “buy” rating and issued a $97.00 price target on shares of Dave & Buster's Entertainment in a research note on Friday, December 22nd. Wells Fargo & Co reduced their price target on shares of Dave & Buster's Entertainment from $71.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th. Canaccord Genuity reissued a “buy” rating and issued a $70.00 price target on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 6th. Finally, Raymond James Financial set a $63.00 price target on shares of Dave & Buster's Entertainment and gave the company a “buy” rating in a research note on Wednesday, December 6th. Three research analysts have rated the stock with a hold rating and nine have given a buy rating to the company’s stock. Dave & Buster's Entertainment has an average rating of “Buy” and an average target price of $73.90.
Dave & Buster's Entertainment (NASDAQ PLAY) opened at $54.53 on Wednesday. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2,245.11, a PE ratio of 20.89, a price-to-earnings-growth ratio of 1.41 and a beta of 0.58. Dave & Buster's Entertainment has a fifty-two week low of $45.71 and a fifty-two week high of $73.48.
Dave & Buster's Entertainment announced that its Board of Directors has authorized a stock repurchase program on Friday, September 8th that allows the company to buyback $100.00 million in outstanding shares. This buyback authorization allows the restaurant operator to purchase up to 4.7% of its shares through open market purchases. Shares buyback programs are generally an indication that the company’s leadership believes its shares are undervalued.
In other Dave & Buster's Entertainment news, SVP Jay L. Tobin sold 4,000 shares of the stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.00, for a total value of $220,000.00. Following the sale, the senior vice president now directly owns 52,071 shares of the company’s stock, valued at approximately $2,863,905. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian Jenkins sold 10,000 shares of the stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total transaction of $540,900.00. Following the completion of the sale, the chief financial officer now directly owns 5,042 shares in the company, valued at $272,721.78. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 17,200 shares of company stock worth $939,640. 3.84% of the stock is owned by insiders.
Large investors have recently made changes to their positions in the business. Zurcher Kantonalbank Zurich Cantonalbank increased its position in shares of Dave & Buster's Entertainment by 147.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. purchased a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $153,000. Aperio Group LLC purchased a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $202,000. Advisors Asset Management Inc. increased its position in shares of Dave & Buster's Entertainment by 11.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 347 shares during the last quarter. Finally, Riverhead Capital Management LLC boosted its holdings in shares of Dave & Buster's Entertainment by 96.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,529 shares of the restaurant operator’s stock valued at $235,000 after buying an additional 1,729 shares in the last quarter.
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Dave & Buster's Entertainment Company Profile
Dave & Busters 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.
