Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $55.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target lowered by equities research analysts at BMO Capital Markets to $55.00 in a research report issued on Wednesday, The Fly reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price suggests a potential upside of 37.40% from the company’s previous close.

Several other research firms have also recently commented on PLAY. BidaskClub raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research note on Tuesday, April 30th. Wells Fargo & Co raised their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research note on Wednesday, April 3rd. Loop Capital cut their price target on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating on the stock in a report on Wednesday. They noted that the move was a valuation call. Maxim Group cut their price target on Dave & Buster’s Entertainment from $67.00 to $62.00 and set a “buy” rating on the stock in a report on Wednesday. Finally, SunTrust Banks lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their price target for the stock from $64.00 to $47.00 in a report on Wednesday. Two investment analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have issued a buy rating to the stock. Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and a consensus target price of $56.88.

NASDAQ PLAY traded down $11.50 during trading hours on Wednesday, hitting $40.03. 16,004,347 shares of the company’s stock were exchanged, compared to its average volume of 886,758. Dave & Buster’s Entertainment has a 1-year low of $42.78 and a 1-year high of $67.05. The stock has a market capitalization of $1.80 billion, a P/E ratio of 13.66, a P/E/G ratio of 1.08 and a beta of 1.12. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The business had revenue of $363.58 million for the quarter, compared to analyst estimates of $371.72 million. During the same period in the prior year, the business earned $1.04 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In other news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $48.37, for a total value of $362,775.00. Following the transaction, the senior vice president now owns 17,004 shares in the company, valued at $822,483.48. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP J Michael Plunkett sold 4,000 shares of the firm’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $50.36, for a total value of $201,440.00. Following the completion of the transaction, the senior vice president now owns 4,001 shares in the company, valued at approximately $201,490.36. The disclosure for this sale can be found here. In the last quarter, insiders sold 40,635 shares of company stock worth $2,185,020. Corporate insiders own 3.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the company. Valeo Financial Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $55,000. Quantamental Technologies LLC bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $84,000. Stormborn Capital Management LLC bought a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $86,000. Tyers Asset Management LLC bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $102,000. Finally, Seven Eight Capital LP bought a new stake in Dave & Buster’s Entertainment during the fourth quarter worth $113,000.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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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The Fly

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

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