BMO Capital Markets Reaffirms “Outperform” Rating for Dave & Buster’s Entertainment (NASDAQ:PLAY)

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “outperform” rating reaffirmed by analysts at BMO Capital Markets in a research report issued on Wednesday, April 3rd, MarketBeat.com reports. They presently have a $66.00 price target on the restaurant operator’s stock, up from their previous price target of $62.00. BMO Capital Markets’ price objective points to a potential upside of 13.79% from the stock’s current price.

Several other analysts also recently issued reports on PLAY. BidaskClub downgraded Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a report on Tuesday, December 4th. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Thursday, December 6th. Maxim Group boosted their price objective on Dave & Buster’s Entertainment from $71.00 to $76.00 and gave the stock a “buy” rating in a report on Friday, December 7th. Jefferies Financial Group cut their price objective on Dave & Buster’s Entertainment to $58.00 and set a “buy” rating on the stock in a report on Wednesday, December 12th. Finally, Wells Fargo & Co lowered their target price on Dave & Buster’s Entertainment from $69.00 to $59.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 12th. One equities research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. The company has a consensus rating of “Buy” and a consensus price target of $65.00.

Dave & Buster’s Entertainment stock traded up $0.42 during midday trading on Wednesday, hitting $58.00. The company’s stock had a trading volume of 906,330 shares, compared to its average volume of 893,362. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The stock has a market cap of $2.04 billion, a PE ratio of 19.80, a price-to-earnings-growth ratio of 1.19 and a beta of 1.00. Dave & Buster’s Entertainment has a 12 month low of $37.98 and a 12 month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.63 by $0.12. The firm had revenue of $331.80 million for the quarter, compared to the consensus estimate of $324.90 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The business’s revenue for the quarter was up 8.8% compared to the same quarter last year. During the same quarter in the previous year, the company earned $0.61 EPS. On average, equities analysts predict that Dave & Buster’s Entertainment will post 3.06 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 8,200 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $54.85, for a total transaction of $449,770.00. Following the transaction, the chief marketing officer now owns 23,458 shares of the company’s stock, valued at approximately $1,286,671.30. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen M. King sold 10,935 shares of the business’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the sale, the director now directly owns 43,186 shares of the company’s stock, valued at approximately $2,361,842.34. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 30,635 shares of company stock worth $1,612,020. Company insiders own 3.40% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Vanguard Group Inc grew its stake 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 buying an additional 92,063 shares in the last quarter. Vanguard Group Inc. grew its stake 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 buying an additional 92,063 shares in the last quarter. Bank of New York Mellon Corp grew its stake in shares of Dave & Buster’s Entertainment by 81.0% in the 3rd quarter. Bank of New York Mellon Corp now owns 2,842,912 shares of the restaurant operator’s stock valued at $188,258,000 after buying an additional 1,272,203 shares in the last quarter. Mackenzie Financial Corp grew its stake 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 valued at $92,480,000 after buying an additional 286,696 shares in the last quarter. Finally, Dimensional Fund Advisors LP grew its stake in shares of Dave & Buster’s Entertainment by 2.1% in the 4th quarter. Dimensional Fund Advisors LP now owns 1,182,893 shares of the restaurant operator’s stock valued at $52,710,000 after buying an additional 24,246 shares in the last quarter.

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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