Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by investment analysts at William Blair from an “outperform” rating to a “market perform” rating in a research note issued to investors on Wednesday, The Fly reports.
Several other analysts have also recently commented on the company. Loop Capital decreased their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research report on Wednesday, June 12th. They noted that the move was a valuation call. Maxim Group dropped their price target on Dave & Buster’s Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. Raymond James downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research note on Wednesday. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $45.00 price objective for the company. in a research note on Monday, September 2nd. Finally, Deutsche Bank started coverage on Dave & Buster’s Entertainment in a research report on Friday, June 28th. They set a “hold” rating and a $42.00 price objective for the company. One equities research analyst has rated the stock with a sell rating, eight have issued a hold rating and six have issued a buy rating to the company. The company has an average rating of “Hold” and a consensus price target of $49.23.
Dave & Buster’s Entertainment stock opened at $43.72 on Wednesday. The company has a 50 day moving average price of $40.46 and a 200 day moving average price of $46.70. Dave & Buster’s Entertainment has a 52 week low of $37.21 and a 52 week high of $67.05. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28. The firm has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 0.97 and a beta of 0.86.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.14 by ($0.01). The firm 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 9.06% and a return on equity of 29.12%. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.5% compared to the same quarter last year. During the same period last year, the firm earned $1.04 earnings per share. Equities analysts forecast that Dave & Buster’s Entertainment will post 2.97 earnings per share for the current fiscal year.
In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $39.94, for a total value of $299,550.00. Following the completion of the sale, the senior vice president now directly owns 21,319 shares of the company’s stock, valued at $851,480.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Griffith bought 5,000 shares of the stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the transaction, the director now directly owns 16,327 shares of the company’s stock, valued at $641,977.64. The disclosure for this purchase can be found here. Corporate insiders own 3.70% of the company’s stock.
Several large investors have recently modified their holdings of the company. DekaBank Deutsche Girozentrale purchased a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $36,000. Valeo Financial Advisors LLC purchased a new position in Dave & Buster’s Entertainment during the 1st quarter valued at about $55,000. Tyers Asset Management LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter worth about $102,000. Meeder Asset Management Inc. boosted its stake in Dave & Buster’s Entertainment by 639.8% during the second quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock worth $75,000 after acquiring an additional 1,606 shares in the last quarter. Finally, Quantamental Technologies LLC purchased a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $84,000.
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 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.
Featured Story: How to trade the most active stocks
Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.