Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $29.79 Consensus Target Price from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been given an average rating of “Hold” by the seventeen ratings firms that are presently covering the firm, MarketBeat.com reports. One investment analyst has rated the stock with a sell recommendation, ten have assigned a hold recommendation and five have assigned a buy recommendation to the company. The average 12-month target price among brokers that have covered the stock in the last year is $29.79.

Several equities research analysts have recently weighed in on PLAY shares. TheStreet downgraded Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a report on Thursday, June 11th. Jefferies Financial Group raised their price objective on Dave & Buster’s Entertainment from $8.50 to $11.50 and gave the stock a “hold” rating in a report on Wednesday, April 22nd. Longbow Research reduced their price objective on Dave & Buster’s Entertainment from $50.00 to $18.00 and set a “buy” rating on the stock in a report on Monday, April 6th. BMO Capital Markets raised their price objective on Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the stock a “market perform” rating in a report on Friday, June 12th. Finally, ValuEngine upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Monday, June 1st.

Shares of NASDAQ PLAY traded up $0.82 during midday trading on Tuesday, hitting $13.14. The company’s stock had a trading volume of 9,184,200 shares, compared to its average volume of 5,418,077. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.36. The business’s 50 day moving average is $14.15 and its two-hundred day moving average is $25.90. Dave & Buster’s Entertainment has a 12-month low of $4.61 and a 12-month high of $48.80. The firm has a market cap of $623.49 million, a P/E ratio of 37.54 and a beta of 1.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) earnings per share for the quarter, missing the consensus estimate of ($0.85) by ($0.52). Dave & Buster’s Entertainment had a return on equity of 8.89% and a net margin of 1.24%. The business had revenue of $159.80 million during the quarter, compared to analysts’ expectations of $167.83 million. During the same quarter in the previous year, the company posted $1.13 earnings per share. The company’s quarterly revenue was down 56.1% compared to the same quarter last year. On average, analysts predict that Dave & Buster’s Entertainment will post -3.42 earnings per share for the current fiscal year.

In other Dave & Buster’s Entertainment news, Director Stephen M. King sold 10,000 shares of the stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $12.90, for a total transaction of $129,000.00. Following the sale, the director now owns 76,483 shares of the company’s stock, valued at approximately $986,630.70. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Brian Jenkins sold 38,808 shares of the stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $12.90, for a total value of $500,623.20. Following the sale, the chief executive officer now directly owns 166,912 shares in the company, valued at approximately $2,153,164.80. The disclosure for this sale can be found here. Insiders have sold a total of 74,032 shares of company stock worth $999,462 in the last ninety days. Insiders own 4.70% of the company’s stock.

Several institutional investors have recently bought and sold shares of the company. Mason Street Advisors LLC boosted its position in shares of Dave & Buster’s Entertainment by 2.5% in the 4th quarter. Mason Street Advisors LLC now owns 10,739 shares of the restaurant operator’s stock worth $431,000 after purchasing an additional 262 shares in the last quarter. Great West Life Assurance Co. Can boosted its position in shares of Dave & Buster’s Entertainment by 0.8% in the 4th quarter. Great West Life Assurance Co. Can now owns 39,063 shares of the restaurant operator’s stock worth $1,557,000 after purchasing an additional 305 shares in the last quarter. PNC Financial Services Group Inc. boosted its position in shares of Dave & Buster’s Entertainment by 4.6% in the 4th quarter. PNC Financial Services Group Inc. now owns 7,443 shares of the restaurant operator’s stock worth $300,000 after purchasing an additional 325 shares in the last quarter. Sei Investments Co. boosted its position in shares of Dave & Buster’s Entertainment by 9.6% in the 4th quarter. Sei Investments Co. now owns 9,019 shares of the restaurant operator’s stock worth $363,000 after purchasing an additional 790 shares in the last quarter. Finally, Oppenheimer Asset Management Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $34,000. 89.10% of the stock is owned by hedge funds and other institutional investors.

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 entrees 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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