Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Raised to $60.00 at Raymond James

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective upped by Raymond James from $50.00 to $60.00 in a research note released on Wednesday morning, The Fly reports. The firm currently has a positive rating on the restaurant operator’s stock. The analysts noted that the move was a valuation call.

Other research analysts have also recently issued research reports about the company. BidaskClub cut Dave & Buster’s Entertainment from a hold rating to a sell rating in a research report on Tuesday. Maxim Group reiterated a buy rating and issued a $67.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. SunTrust Banks cut Dave & Buster’s Entertainment from a buy rating to a hold rating and cut their price objective for the stock from $64.00 to $47.00 in a research report on Wednesday. Gordon Haskett cut Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $41.70 price objective for the company. in a research report on Wednesday. Finally, Piper Jaffray Companies cut their price objective on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an overweight rating for the company in a research report on Wednesday. Three equities research analysts have rated the stock with a sell rating, three have issued a hold rating and eight have given a buy rating to the stock. Dave & Buster’s Entertainment has a consensus rating of Hold and a consensus price target of $56.70.

Dave & Buster’s Entertainment stock opened at $39.58 on Wednesday. Dave & Buster’s Entertainment has a 12 month low of $39.31 and a 12 month high of $67.05. The company has a debt-to-equity ratio of 4.17, a current ratio of 0.28 and a quick ratio of 0.26. The company has a market cap of $1.46 billion, a PE ratio of 13.27, a P/E/G ratio of 0.92 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a return on equity of 29.12% and a net margin of 9.06%. The company had revenue of $363.58 million for the quarter, compared to analysts’ expectations of $371.72 million. During the same quarter last year, the company earned $1.04 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 9.5% compared to the same quarter last year. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.94 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total value of $573,000.00. Following the sale, the chief operating officer now owns 23,960 shares of the company’s stock, valued at $1,372,908. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO John P. Gleason sold 8,200 shares of the company’s stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.85, for a total value of $449,770.00. Following the completion of the sale, the chief marketing officer now directly owns 23,458 shares in the company, valued at approximately $1,286,671.30. The disclosure for this sale can be found here. Insiders sold 33,135 shares of company stock worth $1,822,245 in the last three months. 3.70% of the stock is owned by corporate insiders.

Institutional investors have recently bought and sold shares of the business. Oregon Public Employees Retirement Fund boosted its stake in shares of Dave & Buster’s Entertainment by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock valued at $750,000 after acquiring an additional 272 shares during the last quarter. Advisor Group Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 14.1% during the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock valued at $129,000 after acquiring an additional 320 shares during the last quarter. Mason Street Advisors LLC boosted its stake in shares of Dave & Buster’s Entertainment by 2.9% during the first quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock valued at $619,000 after acquiring an additional 352 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 4.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock valued at $484,000 after acquiring an additional 441 shares during the last quarter. Finally, Stormborn Capital Management LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the first quarter valued at $86,000.

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

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