Dave & Buster’s Entertainment (NASDAQ:PLAY) Lifted to “Hold” at BidaskClub

BidaskClub upgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a sell rating to a hold rating in a research report report published on Thursday, BidAskClub reports.

Other equities analysts have also recently issued research reports about the company. Loop Capital cut their price target on Dave & Buster’s Entertainment to $55.00 and set a buy rating for the company in a report on Wednesday, June 12th. They noted that the move was a valuation call. Raymond James upped their price target on Dave & Buster’s Entertainment from $50.00 to $60.00 and gave the company a positive rating in a report on Wednesday, June 12th. They noted that the move was a valuation call. SunTrust Banks cut Dave & Buster’s Entertainment from a buy rating to a hold rating and cut their price target for the company from $64.00 to $47.00 in a report on Wednesday, June 12th. Maxim Group cut their price target on Dave & Buster’s Entertainment from $67.00 to $62.00 and set a buy rating for the company in a report on Wednesday, June 12th. Finally, Deutsche Bank began coverage on Dave & Buster’s Entertainment in a report on Friday, June 28th. They issued a hold rating and a $42.00 price target for the company. Two analysts have rated the stock with a sell rating, six have given a hold rating and seven have given a buy rating to the company’s stock. The stock presently has a consensus rating of Hold and an average target price of $54.14.

NASDAQ:PLAY traded up $0.03 during mid-day trading on Thursday, hitting $40.13. 669,401 shares of the company’s stock traded hands, compared to its average volume of 976,258. The firm’s 50 day moving average price is $40.24. Dave & Buster’s Entertainment has a 12 month low of $38.76 and a 12 month high of $67.05. The company has a market capitalization of $1.46 billion, a price-to-earnings ratio of 13.70, a price-to-earnings-growth ratio of 0.91 and a beta of 0.88. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing the consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The business had revenue of $363.58 million for the quarter, compared to the consensus estimate of $371.72 million. During the same quarter in the previous 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. On average, equities analysts forecast that Dave & Buster’s Entertainment will post 2.96 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, July 10th. Stockholders of record on Tuesday, June 25th were issued a $0.15 dividend. The ex-dividend date was Monday, June 24th. This represents a $0.60 dividend on an annualized basis and a dividend yield of 1.50%. Dave & Buster’s Entertainment’s payout ratio is presently 20.48%.

In related news, Director Michael J. Griffith bought 5,000 shares of the company’s stock in a transaction dated Tuesday, July 2nd. The stock was acquired at an average cost of $39.32 per share, with a total value of $196,600.00. Following the acquisition, the director now owns 16,327 shares in the company, valued at approximately $641,977.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP John Mulleady sold 7,500 shares of the stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $39.94, for a total value of $299,550.00. Following the completion of the transaction, the senior vice president now directly owns 21,319 shares of the company’s stock, valued at $851,480.86. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Several institutional investors and hedge funds have recently modified their holdings of PLAY. Geode Capital Management LLC increased its holdings in Dave & Buster’s Entertainment by 5.9% in the 4th quarter. Geode Capital Management LLC now owns 444,018 shares of the restaurant operator’s stock worth $19,785,000 after acquiring an additional 24,720 shares in the last quarter. Two Sigma Advisers LP purchased a new stake in Dave & Buster’s Entertainment in the 4th quarter worth $1,537,000. Metropolitan Life Insurance Co. NY increased its holdings in Dave & Buster’s Entertainment by 352.7% in the 4th quarter. Metropolitan Life Insurance Co. NY now owns 13,187 shares of the restaurant operator’s stock worth $588,000 after acquiring an additional 10,274 shares in the last quarter. Municipal Employees Retirement System of Michigan purchased a new stake in Dave & Buster’s Entertainment in the 4th quarter worth $508,000. Finally, Thrivent Financial for Lutherans increased its holdings in Dave & Buster’s Entertainment by 2.2% in the 4th quarter. Thrivent Financial for Lutherans now owns 27,320 shares of the restaurant operator’s stock worth $1,217,000 after acquiring an additional 600 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. 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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