Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has earned a consensus recommendation of “Buy” from the thirteen research firms that are presently covering the company, Marketbeat reports. Three analysts have rated the stock with a hold rating and nine have issued a buy rating on the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $76.11.

PLAY has been the topic of several recent research reports. Piper Jaffray Companies reaffirmed a “buy” rating and issued a $69.00 target price on shares of Dave & Buster's Entertainment in a research note on Thursday, October 5th. TheStreet lowered shares of Dave & Buster's Entertainment from a “b” rating to a “c” rating in a research note on Wednesday, October 4th. Zacks Investment Research raised shares of Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $55.00 target price on the stock in a research note on Tuesday, October 10th. Raymond James Financial set a $63.00 target price on shares of Dave & Buster's Entertainment and gave the company a “buy” rating in a research note on Thursday, October 12th. Finally, Longbow Research initiated coverage on shares of Dave & Buster's Entertainment in a research note on Friday, October 13th. They issued a “buy” rating and a $77.00 target price on the stock.

Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) traded up $1.47 during trading hours on Friday, reaching $57.37. 1,182,900 shares of the company’s stock were exchanged, compared to its average volume of 1,118,400. Dave & Buster's Entertainment has a 12-month low of $45.71 and a 12-month high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70. The company has a market cap of $2,330.00, a price-to-earnings ratio of 21.90, a P/E/G ratio of 1.42 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The firm had revenue of $250.00 million for the quarter, compared to analyst estimates of $255.70 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s revenue was up 9.3% on a year-over-year basis. analysts expect that Dave & Buster's Entertainment will post 2.65 EPS for the current year.

Dave & Buster's Entertainment declared that its Board of Directors has initiated a stock repurchase 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 buy up to 4.7% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In related news, CFO Brian Jenkins sold 10,000 shares of Dave & Buster's Entertainment 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 transaction, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $272,721.78. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Monday, December 11th. The stock was sold at an average price of $55.02, for a total transaction of $110,040.00. Following the transaction, the senior vice president now directly owns 2,001 shares in the company, valued at approximately $110,095.02. The disclosure for this sale can be found here. Insiders sold a total of 17,200 shares of company stock worth $939,640 in the last ninety days. Insiders own 3.84% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the stock. BlackRock Inc. boosted its stake in Dave & Buster's Entertainment by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock worth $304,033,000 after acquiring an additional 141,356 shares during the last quarter. Mackenzie Financial Corp boosted its stake in Dave & Buster's Entertainment by 414.8% during the 3rd quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock worth $60,458,000 after acquiring an additional 928,227 shares during the last quarter. Voya Investment Management LLC boosted its stake in Dave & Buster's Entertainment by 4.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock worth $69,707,000 after acquiring an additional 47,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its stake in Dave & Buster's Entertainment by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,040,184 shares of the restaurant operator’s stock worth $54,589,000 after acquiring an additional 6,493 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its stake in Dave & Buster's Entertainment by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock worth $66,632,000 after acquiring an additional 61,034 shares during 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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