Research Analysts’ Weekly Ratings Updates for Dave & Buster’s Entertainment (PLAY)

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Several brokerages have updated their recommendations and price targets on shares of Dave & Buster’s Entertainment (NASDAQ: PLAY) in the last few weeks:

  • 8/29/2018 – Dave & Buster’s Entertainment had its price target raised by analysts at Wells Fargo & Co from $62.00 to $64.00. They now have an “outperform” rating on the stock.
  • 8/27/2018 – Dave & Buster’s Entertainment had its price target raised by analysts at Jefferies Financial Group Inc from $63.00 to $66.00. They now have a “buy” rating on the stock.
  • 8/24/2018 – Dave & Buster’s Entertainment had its price target raised by analysts at Raymond James from $60.00 to $65.00. They now have a “buy” rating on the stock.
  • 8/22/2018 – Dave & Buster’s Entertainment was upgraded by analysts at BidaskClub from a “buy” rating to a “strong-buy” rating.
  • 8/18/2018 – Dave & Buster’s Entertainment was upgraded by analysts at ValuEngine from a “sell” rating to a “hold” rating.
  • 8/17/2018 – Dave & Buster’s Entertainment had its price target raised by analysts at Piper Jaffray Companies from $56.00 to $64.00. They now have an “overweight” rating on the stock.
  • 8/17/2018 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at William Blair.
  • 8/15/2018 – Dave & Buster’s Entertainment was upgraded by analysts at BidaskClub from a “hold” rating to a “buy” rating.
  • 8/14/2018 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have outperformed the industry in the past three months. The company’s unique business model with increased dependence on gaming, sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation and launch of games, are expected to continue boosting its top and bottom lines. However, rising labor costs and a non-franchised business model might hurt profits. Meanwhile, earnings estimates for the current year have remained stable over the past month, limiting the upside potential of the company’s earnings.”
  • 8/3/2018 – Dave & Buster’s Entertainment was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 8/1/2018 – Dave & Buster’s Entertainment was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.
  • 7/28/2018 – Dave & Buster’s Entertainment was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/26/2018 – Dave & Buster’s Entertainment was downgraded by analysts at ValuEngine from a “sell” rating to a “strong sell” rating.
  • 7/23/2018 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $68.00 price target on the stock.
  • 7/21/2018 – Dave & Buster’s Entertainment was upgraded by analysts at BidaskClub from a “sell” rating to a “hold” rating.
  • 7/17/2018 – Dave & Buster’s Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $54.00 price target on the stock. According to Zacks, “Dave & Buster's shares have outperformed the industry in the past three months. We are further encouraged by the company’s first-quarter results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Moreover, top and bottom lines grew year over year. However, the company’s margins were affected in the quarter due to high operating costs. Nevertheless, results were aided by solid revenues generated from the Food and Beverage, as well as Amusement and Other segments. Estimates too have been rising over the past month, reflecting analysts’ confidence in the company’s future earnings potential. Moreover, its ongoing momentum in the entertainment business, persistent focus on unit expansion along with various sales-boosting initiatives are encouraging. However, rising labor costs and a non-franchised business model might hurt profits.”
  • 7/10/2018 – Dave & Buster’s Entertainment was upgraded by analysts at ValuEngine from a “strong sell” rating to a “sell” rating.

Shares of PLAY stock opened at $57.96 on Friday. The stock has a market cap of $2.27 billion, a P/E ratio of 22.29, a P/E/G ratio of 1.42 and a beta of 0.50. The company has a quick ratio of 0.31, a current ratio of 0.44 and a debt-to-equity ratio of 0.77. Dave & Buster’s Entertainment Inc has a 52 week low of $37.85 and a 52 week high of $58.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, June 11th. The restaurant operator reported $1.04 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $0.93 by $0.11. The firm had revenue of $332.20 million during the quarter, compared to the consensus estimate of $321.57 million. Dave & Buster’s Entertainment had a net margin of 10.30% and a return on equity of 25.83%. The business’s revenue for the quarter was up 9.2% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.98 EPS. research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.73 EPS for the current year.

In other Dave & Buster’s Entertainment news, CFO Brian Jenkins sold 10,000 shares of the business’s stock in a transaction dated Friday, August 24th. The shares were sold at an average price of $57.35, for a total value of $573,500.00. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Stephen M. King sold 60,000 shares of the business’s stock in a transaction dated Monday, June 18th. The shares were sold at an average price of $54.98, for a total transaction of $3,298,800.00. Following the completion of the sale, the chief executive officer now directly owns 62,028 shares of the company’s stock, valued at approximately $3,410,299.44. The disclosure for this sale can be found here. Insiders sold a total of 112,500 shares of company stock valued at $6,156,172 in the last three months. Insiders own 3.40% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the business. Signition LP bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $208,000. Pendal Group Ltd bought a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at about $191,000. GSA Capital Partners LLP bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $228,000. Violich Capital Management Inc. bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at about $252,000. Finally, Trexquant Investment LP bought a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at about $259,000.

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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