TheStreet Upgrades Dave & Buster’s Entertainment, Inc. (PLAY) to B-

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was upgraded by TheStreet from a “c” rating to a “b-” rating in a note issued to investors on Thursday.

Several other equities analysts also recently weighed in on the stock. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Monday, August 28th. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday, July 19th. BMO Capital Markets set a $72.00 price target on shares of Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a report on Tuesday, August 29th. Longbow Research initiated coverage on shares of Dave & Buster’s Entertainment in a report on Friday, October 13th. They issued a “buy” rating and a $77.00 price target on the stock. Finally, Piper Jaffray Companies reiterated an “overweight” rating and issued a $69.00 price target (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a report on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $71.90.

Dave & Buster’s Entertainment (NASDAQ PLAY) traded down $0.47 on Thursday, hitting $48.84. 1,001,500 shares of the stock traded hands, compared to its average volume of 809,921. Dave & Buster’s Entertainment has a 12-month low of $44.55 and a 12-month high of $73.48. The company has a current ratio of 0.44, a quick ratio of 0.32 and a debt-to-equity ratio of 0.70. The firm has a market capitalization of $2,026.69, a P/E ratio of 20.05, a P/E/G ratio of 1.25 and a beta of 0.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The company had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. During the same quarter in the prior year, the company earned $0.50 EPS. Dave & Buster’s Entertainment’s quarterly revenue was up 14.9% on a year-over-year basis. research analysts expect that Dave & Buster’s Entertainment will post 2.66 EPS for the current fiscal year.

Dave & Buster’s Entertainment announced that its board has approved a stock buyback program on Friday, September 8th that authorizes the company to repurchase $100.00 million in outstanding shares. This repurchase authorization authorizes the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase programs are often an indication that the company’s management believes its stock is undervalued.

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In other Dave & Buster’s Entertainment news, CEO Stephen M. King sold 45,000 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $49.80, for a total value of $2,241,000.00. Following the sale, the chief executive officer now owns 22,501 shares in the company, valued at approximately $1,120,549.80. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, CFO Brian Jenkins sold 7,500 shares of the company’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $50.10, for a total value of $375,750.00. Following the completion of the sale, the chief financial officer now owns 1 shares in the company, valued at approximately $50.10. The disclosure for this sale can be found here. In the last 90 days, insiders sold 58,000 shares of company stock worth $2,901,075. Insiders own 3.84% of the company’s stock.

Several large investors have recently made changes to their positions in the company. Trexquant Investment LP lifted its position in shares of Dave & Buster’s Entertainment by 85.1% during the 3rd quarter. Trexquant Investment LP now owns 9,069 shares of the restaurant operator’s stock valued at $476,000 after buying an additional 4,169 shares in the last quarter. JPMorgan Chase & Co. lifted its position in shares of Dave & Buster’s Entertainment by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,690 shares of the restaurant operator’s stock valued at $774,000 after buying an additional 1,053 shares in the last quarter. Legal & General Group Plc lifted its position in shares of Dave & Buster’s Entertainment by 12.2% during the 3rd quarter. Legal & General Group Plc now owns 83,125 shares of the restaurant operator’s stock valued at $4,364,000 after buying an additional 9,011 shares in the last quarter. Eagle Asset Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 2.3% during the 3rd quarter. Eagle Asset Management Inc. now owns 743,057 shares of the restaurant operator’s stock valued at $38,616,000 after buying an additional 16,751 shares in the last quarter. Finally, Great West Life Assurance Co. Can lifted its position in shares of Dave & Buster’s Entertainment by 3.7% during the 3rd quarter. Great West Life Assurance Co. Can now owns 57,490 shares of the restaurant operator’s stock valued at $3,029,000 after buying an additional 2,059 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 in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

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

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