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.
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 entrÃ©es 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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