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

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

A number of equities analysts recently weighed in on the stock. BidaskClub upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday. 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. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Monday, February 4th. 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, Maxim Group boosted their price target on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 8,200 shares of the business’s stock in a transaction dated Friday, April 5th. The shares were sold at an average price of $54.85, for a total value of $449,770.00. Following the transaction, the chief marketing officer now directly owns 23,458 shares in the company, valued at approximately $1,286,671.30. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 completion of the transaction, the director now owns 43,186 shares in the company, valued at $2,361,842.34. The disclosure for this sale can be found here. Insiders sold a total of 30,635 shares of company stock worth $1,612,020 over the last quarter. 3.40% of the stock is currently owned by company insiders.

A number of large investors have recently bought and sold shares of the business. Nordea Investment Management AB lifted its holdings in shares of Dave & Buster’s Entertainment by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 88,317 shares of the restaurant operator’s stock worth $5,848,000 after acquiring an additional 11,962 shares during the last quarter. Macquarie Group Ltd. lifted its holdings in shares of Dave & Buster’s Entertainment by 1.6% in the 4th quarter. Macquarie Group Ltd. now owns 37,976 shares of the restaurant operator’s stock worth $1,692,000 after acquiring an additional 601 shares during the last quarter. Meeder Asset Management Inc. acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $127,000. Scout Investments Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 49.9% in the 4th quarter. Scout Investments Inc. now owns 91,418 shares of the restaurant operator’s stock worth $4,074,000 after acquiring an additional 30,450 shares during the last quarter. Finally, Bank of Montreal Can lifted its holdings in shares of Dave & Buster’s Entertainment by 20.7% in the 4th quarter. Bank of Montreal Can now owns 15,708 shares of the restaurant operator’s stock worth $700,000 after acquiring an additional 2,695 shares during the last quarter.

Shares of PLAY stock traded up $1.52 on Thursday, reaching $57.68. 34,794 shares of the company were exchanged, compared to its average volume of 1,318,588. The stock has a market capitalization of $2.04 billion, a P/E ratio of 19.72, a P/E/G ratio of 1.19 and a beta of 1.00. The company has a quick ratio of 0.26, a current ratio of 0.37 and a debt-to-equity ratio of 0.98. Dave & Buster’s Entertainment has a 1 year low of $37.98 and a 1 year high of $67.05.

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

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 26th were issued a $0.15 dividend. The ex-dividend date was Monday, March 25th. This represents a $0.60 annualized dividend and a yield of 1.04%. Dave & Buster’s Entertainment’s payout ratio is 20.48%.

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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