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 equities research analysts at Loop Capital to $55.00 in a report issued on Wednesday, The Fly reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s target price would suggest a potential upside of 6.73% from the company’s current price. The analysts noted that the move was a valuation call.

Several other research analysts have also commented on the company. Gordon Haskett lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday. 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 report on Wednesday. SunTrust Banks lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Wednesday. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Tuesday, April 30th. Finally, Wells Fargo & Co lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Tuesday. Two analysts have rated the stock with a sell rating, three have assigned a hold rating and nine have given a buy rating to the stock. Dave & Buster’s Entertainment presently has a consensus rating of “Buy” and an average price target of $63.27.

Shares of PLAY stock opened at $51.53 on Wednesday. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. The firm has a market capitalization of $1.80 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.08 and a beta of 1.12. 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 announced its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The firm had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.04 EPS. Sell-side analysts expect that Dave & Buster’s Entertainment will post 3.06 EPS for the current year.

In related news, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction dated 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 sale, the chief operating officer now directly owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction dated Friday, March 15th. The stock was sold at an average price of $48.37, for a total value of $362,775.00. Following the sale, the senior vice president now directly owns 17,004 shares of the company’s stock, valued at $822,483.48. The disclosure for this sale can be found here. In the last quarter, insiders have sold 40,635 shares of company stock worth $2,185,020. Insiders own 3.70% of the company’s stock.

Several large investors have recently modified their holdings of the stock. Walthausen & Co. LLC acquired a new position in Dave & Buster’s Entertainment in the 1st quarter valued at about $10,097,000. Macquarie Group Ltd. grew its holdings in shares of Dave & Buster’s Entertainment by 1.6% in the 4th quarter. Macquarie Group Ltd. now owns 37,976 shares of the restaurant operator’s stock worth $1,692,000 after acquiring an additional 601 shares during the last quarter. Bank of Montreal Can grew its holdings in shares of Dave & Buster’s Entertainment by 20.7% in the 4th quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock worth $700,000 after acquiring an additional 2,695 shares during the last quarter. Westfield Capital Management Co. LP grew its holdings in shares of Dave & Buster’s Entertainment by 13.4% in the 4th quarter. Westfield Capital Management Co. LP now owns 589,565 shares of the restaurant operator’s stock worth $26,271,000 after acquiring an additional 69,700 shares during the last quarter. Finally, Suntrust Banks Inc. acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth $1,392,000.

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 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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