Dave & Buster’s Entertainment (NASDAQ:PLAY) Downgraded to “Market Perform” at William Blair

William Blair cut shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from an outperform rating to a market perform rating in a report published on Wednesday, BenzingaRatingsTable reports. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $2.76 EPS and FY2021 earnings at $3.01 EPS.

PLAY has been the subject of several other reports. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $45.00 price target for the company. in a report on Monday, September 2nd. Loop Capital lowered 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. Piper Jaffray Companies lowered their price target on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an overweight rating for the company in a report on Wednesday, June 12th. Raymond James downgraded Dave & Buster’s Entertainment from an outperform rating to a market perform rating in a report on Wednesday. Finally, ValuEngine downgraded Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Wednesday, June 12th. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company. Dave & Buster’s Entertainment currently has a consensus rating of Hold and a consensus price target of $48.48.

NASDAQ PLAY traded up $0.25 during trading hours on Wednesday, hitting $41.35. The company had a trading volume of 864,774 shares, compared to its average volume of 1,338,052. Dave & Buster’s Entertainment has a fifty-two week low of $37.21 and a fifty-two week high of $67.05. The company has a market capitalization of $1.29 billion, a price-to-earnings ratio of 13.54, a P/E/G ratio of 0.95 and a beta of 0.86. The company has a debt-to-equity ratio of 6.73, a current ratio of 0.30 and a quick ratio of 0.17. The firm’s 50 day moving average is $40.50 and its 200 day moving average is $46.60.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.86 by $0.04. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. The firm had revenue of $344.60 million during the quarter, compared to the consensus estimate of $345.27 million. On average, equities analysts anticipate that Dave & Buster’s Entertainment will post 2.83 EPS for the current year.

In other news, Director Michael J. Griffith acquired 5,000 shares of the firm’s stock in a transaction on Tuesday, July 2nd. The stock was bought at an average cost of $39.32 per share, with a total value of $196,600.00. Following the transaction, the director now directly owns 16,327 shares in the company, valued at approximately $641,977.64. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction dated Monday, June 17th. The shares were sold at an average price of $39.94, for a total transaction 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.

A number of large investors have recently bought and sold shares of PLAY. Oregon Public Employees Retirement Fund lifted its position 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 worth $750,000 after purchasing an additional 272 shares during the last quarter. Mason Street Advisors LLC lifted its position 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 worth $619,000 after purchasing an additional 352 shares during the last quarter. Piedmont Investment Advisors Inc. lifted its position 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 worth $484,000 after purchasing an additional 441 shares during the last quarter. Aperio Group LLC lifted its position in shares of Dave & Buster’s Entertainment by 11.1% during the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 457 shares during the last quarter. Finally, State of Tennessee Treasury Department lifted its position in shares of Dave & Buster’s Entertainment by 0.6% during the first quarter. State of Tennessee Treasury Department now owns 114,135 shares of the restaurant operator’s stock worth $5,691,000 after purchasing an additional 637 shares during the last quarter.

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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