Dave & Buster’s Entertainment (NASDAQ:PLAY) PT Lowered to $55.00 at Loop Capital

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lowered by Loop Capital to $55.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target points to a potential upside of 6.73% from the company’s previous close. The analysts noted that the move was a valuation call.

A number of other analysts also recently issued reports on the company. BidaskClub downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, February 12th. SunTrust Banks cut their target price on Dave & Buster’s Entertainment to $61.00 and set a “buy” rating for the company in a research note on Tuesday, March 5th. BMO Capital Markets reaffirmed an “outperform” rating and issued a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. Maxim Group raised their target price on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd. Finally, 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. 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’s stock. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and a consensus target price of $62.82.

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

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

In other news, COO Margo Lynn Manning sold 10,000 shares of the stock in a transaction 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 directly owns 23,960 shares in the company, valued at approximately $1,372,908. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Stephen M. King sold 10,935 shares of the stock in a transaction on Friday, April 5th. The stock was sold at an average price of $54.69, for a total value of $598,035.15. Following the transaction, the director now owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 40,635 shares of company stock valued at $2,185,020. Company insiders own 3.70% of the company’s stock.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 0.6% in the 1st quarter. BlackRock Inc. now owns 5,668,522 shares of the restaurant operator’s stock valued at $282,689,000 after buying an additional 32,730 shares during the period. Mackenzie Financial Corp boosted its stake in shares of Dave & Buster’s Entertainment by 16.0% in the 4th quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after buying an additional 286,696 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Dave & Buster’s Entertainment by 5.7% in the 1st quarter. Rice Hall James & Associates LLC now owns 1,425,151 shares of the restaurant operator’s stock valued at $71,072,000 after buying an additional 77,409 shares during the period. Dimensional Fund Advisors LP boosted its stake in shares of Dave & Buster’s Entertainment by 6.0% in the 1st quarter. Dimensional Fund Advisors LP now owns 1,253,600 shares of the restaurant operator’s stock valued at $62,518,000 after buying an additional 70,707 shares during the period. Finally, Eagle Asset Management Inc. raised its position in shares of Dave & Buster’s Entertainment by 1.0% during the 1st quarter. Eagle Asset Management Inc. now owns 1,176,423 shares of the restaurant operator’s stock worth $58,668,000 after acquiring an additional 11,297 shares in the last quarter.

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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