Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $62.00 by Analysts at Maxim Group

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price dropped by equities research analysts at Maxim Group from $67.00 to $62.00 in a note issued to investors on Wednesday, Briefing.com Automated Import reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price objective suggests a potential upside of 20.32% from the company’s current price.

A number of other equities research analysts also recently weighed in on PLAY. Loop Capital decreased their price objective 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. Gordon Haskett downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday. Piper Jaffray Companies decreased their price objective on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating on the stock in a report on Wednesday. SunTrust Banks downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday. Finally, BidaskClub raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have issued a buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $62.82.

NASDAQ PLAY opened at $51.53 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. The company has a market cap of $1.80 billion, a price-to-earnings ratio of 17.59, a P/E/G ratio of 1.08 and a beta of 1.12. Dave & Buster’s Entertainment has a 1-year low of $42.78 and a 1-year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The company had revenue of $363.58 million for the quarter, compared to analyst estimates of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The firm’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.04 earnings per share. On average, sell-side analysts predict that Dave & Buster’s Entertainment will post 3.06 EPS for the current year.

In related news, Director Stephen M. King sold 10,935 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the transaction, the director now owns 43,186 shares in the company, valued at approximately $2,361,842.34. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total transaction of $573,000.00. Following the completion of the transaction, the chief operating officer now owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The disclosure for this sale can be found here. Insiders sold 40,635 shares of company stock valued at $2,185,020 in the last quarter. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently bought and sold shares of the stock. Marshall Wace LLP boosted its stake in Dave & Buster’s Entertainment by 2.7% in the 1st quarter. Marshall Wace LLP now owns 276,095 shares of the restaurant operator’s stock worth $13,769,000 after purchasing an additional 7,321 shares during the period. Nordea Investment Management AB lifted its position in Dave & Buster’s Entertainment by 3.2% during the 1st quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock worth $3,755,000 after buying an additional 2,311 shares in the last quarter. Macquarie Group Ltd. lifted its position in Dave & Buster’s Entertainment by 2.7% during the 1st quarter. Macquarie Group Ltd. now owns 39,001 shares of the restaurant operator’s stock worth $1,945,000 after buying an additional 1,025 shares in the last quarter. Goldman Sachs Group Inc. lifted its position in Dave & Buster’s Entertainment by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 408,103 shares of the restaurant operator’s stock worth $20,352,000 after buying an additional 5,972 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth about $1,726,000.

Dave & Buster’s Entertainment Company Profile

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

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