Dave & Buster’s Entertainment (PLAY) Downgraded by BidaskClub

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Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research report issued on Wednesday, BidAskClub reports.

A number of other research analysts have also issued reports on PLAY. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Monday, February 4th. Maxim Group boosted their target price on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. Wells Fargo & Co boosted their price target on shares of Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, April 3rd. BMO Capital Markets restated an “outperform” rating and set a $66.00 price target (up from $62.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, April 3rd. Finally, SunTrust Banks dropped their price target on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a research report on Tuesday, March 5th. One research analyst has rated the stock with a sell rating, one has given a hold rating and twelve have issued a buy rating to the company. The company has a consensus rating of “Buy” and a consensus target price of $65.00.

Dave & Buster’s Entertainment stock traded up $0.17 during midday trading on Wednesday, reaching $55.60. 771,246 shares of the stock traded hands, compared to its average volume of 882,568. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.98. The firm has a market capitalization of $2.04 billion, a price-to-earnings ratio of 18.98, a PEG ratio of 1.23 and a beta of 1.04. Dave & Buster’s Entertainment has a fifty-two week low of $37.98 and a fifty-two week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. The firm had revenue of $331.80 million during the quarter, compared to analyst estimates of $324.90 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. Dave & Buster’s Entertainment’s revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the business posted $0.61 EPS. Research analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In other Dave & Buster’s Entertainment news, Director Stephen M. King sold 10,935 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $54.69, for a total transaction of $598,035.15. Following the sale, the director now directly owns 43,186 shares in the company, valued at approximately $2,361,842.34. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total transaction of $573,000.00. Following the sale, the chief operating officer now owns 23,960 shares in the company, valued at $1,372,908. The disclosure for this sale can be found here. Insiders have sold a total of 40,635 shares of company stock worth $2,185,020 over the last 90 days. 3.70% of the stock is owned by insiders.

Hedge funds have recently added to or reduced their stakes in the business. Norges Bank bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $20,753,000. Lord Abbett & CO. LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $16,629,000. 1060 Capital LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $13,368,000. Mackenzie Financial Corp raised its holdings in shares of Dave & Buster’s Entertainment by 16.0% in 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 in the last quarter. Finally, Fort Washington Investment Advisors Inc. OH raised its holdings in shares of Dave & Buster’s Entertainment by 61.2% in the 1st quarter. Fort Washington Investment Advisors Inc. OH now owns 594,860 shares of the restaurant operator’s stock worth $29,666,000 after purchasing an additional 225,900 shares in 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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