Dave & Buster’s Entertainment Inc (PLAY) Given Average Rating of “Buy” by Analysts

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Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been assigned an average recommendation of “Buy” from the fourteen analysts that are currently covering the company, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, two have assigned a hold recommendation and eleven have issued a buy recommendation on the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $64.30.

PLAY has been the subject of a number of recent research reports. BidaskClub downgraded shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Gordon Haskett initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Thursday, October 18th. They issued a “buy” rating and a $70.00 price target for the company. Maxim Group reiterated an “in-line” rating and issued a $64.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 12th. SunTrust Banks decreased their price target on shares of Dave & Buster’s Entertainment to $69.00 and set a “buy” rating for the company in a research note on Wednesday, December 12th. Finally, Jefferies Financial Group decreased their price target on shares of Dave & Buster’s Entertainment to $58.00 and set a “buy” rating for the company in a research note on Wednesday, December 12th.

In other news, COO Margo Lynn Manning sold 5,000 shares of the business’s stock in a transaction that occurred on Monday, January 7th. The shares were sold at an average price of $47.06, for a total transaction of $235,300.00. Following the completion of the sale, the chief operating officer now owns 13,563 shares in the company, valued at approximately $638,274.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, SVP J Michael Plunkett sold 1,000 shares of the business’s stock in a transaction that occurred 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 owns 2,671 shares of the company’s stock, valued at approximately $125,483.58. The disclosure for this sale can be found here. Insiders have sold a total of 37,500 shares of company stock valued at $1,886,915 in the last 90 days. Insiders own 3.40% of the company’s stock.

Several large investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,955,269 shares of the restaurant operator’s stock valued at $261,918,000 after acquiring an additional 92,063 shares during the period. Vanguard Group Inc grew its stake in shares of Dave & Buster’s Entertainment by 2.4% during the 3rd quarter. Vanguard Group Inc now owns 3,955,269 shares of the restaurant operator’s stock worth $261,918,000 after purchasing an additional 92,063 shares during the period. Bank of New York Mellon Corp grew its stake in shares of Dave & Buster’s Entertainment by 81.0% during the 3rd quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock worth $188,258,000 after purchasing an additional 1,272,203 shares during the period. Mackenzie Financial Corp grew its stake in shares of Dave & Buster’s Entertainment by 16.0% during the 4th quarter. Mackenzie Financial Corp now owns 2,075,402 shares of the restaurant operator’s stock worth $92,480,000 after purchasing an additional 286,696 shares during the period. Finally, Eagle Asset Management Inc. grew its stake in shares of Dave & Buster’s Entertainment by 37.6% during the 3rd quarter. Eagle Asset Management Inc. now owns 1,191,125 shares of the restaurant operator’s stock worth $78,876,000 after purchasing an additional 325,346 shares during the period.

Dave & Buster’s Entertainment stock traded down $1.90 during trading on Friday, reaching $47.30. The stock had a trading volume of 737,811 shares, compared to its average volume of 724,368. Dave & Buster’s Entertainment has a 52-week low of $37.85 and a 52-week high of $67.05. The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The company has a market capitalization of $1.90 billion, a P/E ratio of 18.19, a P/E/G ratio of 1.11 and a beta of 1.03.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, December 11th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.24 by $0.06. Dave & Buster’s Entertainment had a net margin of 9.97% and a return on equity of 26.28%. The company had revenue of $282.14 million during the quarter, compared to the consensus estimate of $277.28 million. During the same quarter in the previous year, the firm earned $0.27 earnings per share. The firm’s quarterly revenue was up 12.9% on a year-over-year basis. As a group, research analysts anticipate that Dave & Buster’s Entertainment will post 2.82 earnings per share for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Wednesday, December 26th were given a dividend of $0.15 per share. The ex-dividend date of this dividend was Monday, December 24th. This represents a $0.60 annualized dividend and a dividend yield of 1.27%. Dave & Buster’s Entertainment’s dividend payout ratio is presently 23.08%.

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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