Jefferies Financial Group Lowers Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $56.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price reduced by equities research analysts at Jefferies Financial Group from $60.00 to $56.00 in a research report issued to clients and investors on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Jefferies Financial Group’s price target indicates a potential upside of 40.88% from the stock’s previous close.

A number of other equities analysts also recently issued reports on the company. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday. Raymond James upped their price target on Dave & Buster’s Entertainment from $50.00 to $60.00 and gave the stock a “positive” rating in a research report on Wednesday. They noted that the move was a valuation call. Maxim Group reduced their price target on Dave & Buster’s Entertainment from $67.00 to $62.00 and set a “buy” rating on the stock in a research report on Wednesday. Loop Capital reduced their price target on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating on the stock in a research report on Wednesday. They noted that the move was a valuation call. Finally, Piper Jaffray Companies reduced their price target on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating on the stock in a research report on Wednesday. Two analysts have rated the stock with a sell rating, three have issued a hold rating and nine have given a buy rating to the company. The company presently has a consensus rating of “Buy” and an average target price of $56.70.

Shares of PLAY stock traded down $11.78 during trading hours on Wednesday, reaching $39.75. 729,612 shares of the company’s stock were exchanged, compared to its average volume of 886,758. The company has a market cap of $1.80 billion, a PE ratio of 13.57, a PEG ratio of 1.08 and a beta of 1.12. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. Dave & Buster’s Entertainment has a fifty-two week low of $42.78 and a fifty-two week high of $67.05.

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

In other news, Director Stephen M. King sold 10,935 shares of the business’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.69, for a total transaction of $598,035.15. Following the sale, the director now directly owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The shares were sold at an average price of $50.36, for a total transaction of $201,440.00. Following the sale, the senior vice president now directly owns 4,001 shares in the company, valued at $201,490.36. The disclosure for this sale can be found here. Insiders have sold 40,635 shares of company stock worth $2,185,020 over the last three months. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in the company. BlackRock Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 0.6% during the first 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 last quarter. Mackenzie Financial Corp boosted its holdings in Dave & Buster’s Entertainment by 16.0% in the fourth quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock valued at $92,480,000 after purchasing an additional 286,696 shares during the last quarter. Rice Hall James & Associates LLC boosted its holdings in Dave & Buster’s Entertainment by 5.7% in the first quarter. Rice Hall James & Associates LLC now owns 1,425,151 shares of the restaurant operator’s stock valued at $71,072,000 after purchasing an additional 77,409 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in Dave & Buster’s Entertainment by 6.0% in the first quarter. Dimensional Fund Advisors LP now owns 1,253,600 shares of the restaurant operator’s stock valued at $62,518,000 after purchasing an additional 70,707 shares during the last quarter. Finally, Eagle Asset Management Inc. boosted its holdings in Dave & Buster’s Entertainment by 1.0% in the first quarter. Eagle Asset Management Inc. now owns 1,176,423 shares of the restaurant operator’s stock valued at $58,668,000 after purchasing an additional 11,297 shares during the last quarter.

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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The Fly

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

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