Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target upped by analysts at Raymond James from $50.00 to $60.00 in a note issued to investors on Wednesday, The Fly reports. The firm currently has a “positive” rating on the restaurant operator’s stock. Raymond James’ target price suggests a potential upside of 43.93% from the company’s previous close. The analysts noted that the move was a valuation call.
A number of other research firms have also issued reports on PLAY. BMO Capital Markets reiterated an “outperform” rating and set a $66.00 price objective (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. SunTrust Banks lowered their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a research note on Tuesday, March 5th. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday, April 16th. Wells Fargo & Co upped their target price on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an “outperform” rating in a research note on Wednesday, April 3rd. Finally, Maxim Group upped their price target on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a “buy” rating in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average price target of $58.97.
Shares of Dave & Buster’s Entertainment stock opened at $41.69 on Wednesday. Dave & Buster’s Entertainment has a 12-month low of $42.78 and a 12-month high of $67.05. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $1.80 billion, a PE ratio of 14.23, a P/E/G ratio of 1.08 and a beta of 1.12.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). The company had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The business’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.04 EPS. As a group, research analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.
In related news, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total value 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction dated Monday, April 1st. The shares were sold at an average price of $50.36, for a total transaction of $201,440.00. Following the transaction, the senior vice president now directly owns 4,001 shares of the company’s stock, valued at approximately $201,490.36. The disclosure for this sale can be found here. Insiders sold 40,635 shares of company stock worth $2,185,020 over the last three months. 3.70% of the stock is owned by insiders.
A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. Marshall Wace LLP raised its holdings in shares of Dave & Buster’s Entertainment by 2.7% during the first 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 last quarter. Nordea Investment Management AB raised its stake in shares of Dave & Buster’s Entertainment by 3.2% in the 1st quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after acquiring an additional 2,311 shares during the period. Macquarie Group Ltd. increased its stake 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 during the period. Goldman Sachs Group Inc. increased its stake 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 during the period. Finally, Oxford Asset Management LLP acquired a new position in Dave & Buster’s Entertainment during the 1st quarter worth approximately $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 entrÃ©es 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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