Dave & Buster’s Entertainment (PLAY) Cut to Buy at BidaskClub

BidaskClub cut shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a strong-buy rating to a buy rating in a research report report published on Tuesday.

Several other research firms have also recently issued reports on PLAY. Raymond James set a $70.00 price objective on Dave & Buster’s Entertainment and gave the stock a buy rating in a report on Monday, September 17th. Zacks Investment Research cut Dave & Buster’s Entertainment from a buy rating to a hold rating in a report on Tuesday, August 14th. ValuEngine upgraded Dave & Buster’s Entertainment from a hold rating to a buy rating in a report on Monday, September 17th. William Blair restated a buy rating on shares of Dave & Buster’s Entertainment in a report on Friday, August 17th. Finally, Piper Jaffray Companies raised their price objective on Dave & Buster’s Entertainment from $56.00 to $64.00 and gave the stock an overweight rating in a report on Friday, August 17th. One analyst has rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. The company has an average rating of Buy and a consensus price target of $70.27.

Shares of NASDAQ:PLAY opened at $53.82 on Tuesday. The firm has a market cap of $2.12 billion, a price-to-earnings ratio of 20.70, a P/E/G ratio of 1.33 and a beta of 0.63. The company has a debt-to-equity ratio of 0.79, a quick ratio of 0.36 and a current ratio of 0.47. Dave & Buster’s Entertainment has a one year low of $37.85 and a one year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The firm had revenue of $319.20 million for the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. Dave & Buster’s Entertainment’s quarterly revenue was up 13.7% on a year-over-year basis. During the same quarter in the prior year, the firm earned $0.59 EPS. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 2.76 earnings per share for the current year.

In related news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, November 1st. The stock was sold at an average price of $59.80, for a total value of $119,600.00. Following the transaction, the senior vice president now owns 3,671 shares in the company, valued at $219,525.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Stephen M. King sold 90,000 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, September 17th. The shares were sold at an average price of $61.87, for a total value of $5,568,300.00. Following the completion of the transaction, the director now owns 80,691 shares in the company, valued at approximately $4,992,352.17. The disclosure for this sale can be found here. Insiders have sold 148,600 shares of company stock worth $9,306,183 in the last 90 days. Insiders own 3.40% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Pitcairn Co. acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at $201,000. Signition LP acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at $208,000. Greenwood Capital Associates LLC acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at $227,000. GSA Capital Partners LLP acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at $228,000. Finally, Everence Capital Management Inc. acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at $228,000.

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

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