Dave & Buster’s Entertainment (PLAY) Stock Rating Lowered by BidaskClub

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Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by research analysts at BidaskClub from a “buy” rating to a “hold” rating in a report released on Tuesday.

PLAY has been the topic of a number of other research reports. Raymond James restated a “buy” rating and issued a $60.00 target price (down previously from $70.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 12th. Loop Capital assumed coverage on Dave & Buster’s Entertainment in a report on Wednesday, October 24th. They issued a “buy” rating and a $70.00 target price on the stock. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $70.00 to $62.00 and set an “outperform” rating on the stock in a report on Wednesday, December 12th. Finally, Wells Fargo & Co dropped their target price on Dave & Buster’s Entertainment from $69.00 to $59.00 and set an “outperform” rating on the stock in a report on Wednesday, December 12th. Three equities research analysts have rated the stock with a hold rating and eleven have assigned a buy rating to the company. The company presently has an average rating of “Buy” and a consensus price target of $65.00.

PLAY stock opened at $48.49 on Tuesday. Dave & Buster’s Entertainment has a twelve month low of $37.85 and a twelve month high of $67.05. The company has a debt-to-equity ratio of 0.87, a quick ratio of 0.33 and a current ratio of 0.45. The company has a market capitalization of $1.96 billion, a PE ratio of 18.65, a P/E/G ratio of 1.22 and a beta of 0.95.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 11th. The restaurant operator reported $0.30 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.24 by $0.06. Dave & Buster’s Entertainment had a return on equity of 26.28% and a net margin of 9.97%. The company had revenue of $282.14 million for the quarter, compared to analyst estimates of $277.28 million. During the same quarter last year, the company earned $0.27 earnings per share. The company’s revenue for the quarter was up 12.9% on a year-over-year basis. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.81 EPS for the current fiscal year.

In related news, SVP J Michael Plunkett sold 1,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 13th. The stock was sold at an average price of $46.98, for a total transaction of $46,980.00. Following the sale, the senior vice president now directly owns 2,671 shares in the company, valued at $125,483.58. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Stephen M. King sold 15,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, January 15th. The stock was sold at an average price of $53.17, for a total value of $797,550.00. Following the sale, the director now owns 40,191 shares in the company, valued at $2,136,955.47. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock worth $2,006,515 over the last quarter. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PLAY. Bank of New York Mellon Corp lifted its holdings in Dave & Buster’s Entertainment by 81.0% during the third quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock worth $188,258,000 after acquiring an additional 1,272,203 shares during the period. Victory Capital Management Inc. lifted its holdings in Dave & Buster’s Entertainment by 10,688.8% during the third quarter. Victory Capital Management Inc. now owns 693,830 shares of the restaurant operator’s stock worth $45,945,000 after acquiring an additional 687,399 shares during the period. Millennium Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at $24,305,000. Eagle Asset Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 37.6% in the third quarter. Eagle Asset Management Inc. now owns 1,191,125 shares of the restaurant operator’s stock valued at $78,876,000 after buying an additional 325,346 shares during the period. Finally, Marshall Wace LLP bought a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at $17,170,000.

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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