Dave & Buster’s Entertainment (NASDAQ:PLAY) Rating Lowered to Sell at BidaskClub

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BidaskClub lowered shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a hold rating to a sell rating in a research report sent to investors on Saturday morning, BidAskClub reports.

A number of other research analysts have also recently commented on PLAY. ValuEngine raised shares of Dave & Buster’s Entertainment from a hold rating to a buy rating in a research report on Monday, June 1st. BMO Capital Markets upped their price target on shares of Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the company a market perform rating in a report on Friday, June 12th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $40.00 to $12.00 and set a hold rating on the stock in a report on Friday, April 3rd. SunTrust Banks raised shares of Dave & Buster’s Entertainment from a hold rating to a buy rating and upped their price target for the company from $17.00 to $22.00 in a report on Friday, June 12th. Finally, Jefferies Financial Group upped their price target on shares of Dave & Buster’s Entertainment from $8.50 to $11.50 and gave the company a hold rating in a report on Wednesday, April 22nd. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have issued a buy rating to the stock. The company currently has a consensus rating of Hold and a consensus target price of $29.79.

NASDAQ PLAY opened at $13.14 on Friday. The company’s fifty day simple moving average is $14.15 and its 200-day simple moving average is $25.90. Dave & Buster’s Entertainment has a 52 week low of $4.61 and a 52 week high of $48.80. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.36. The stock has a market cap of $623.49 million, a P/E ratio of 37.54 and a beta of 1.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) EPS for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.52). Dave & Buster’s Entertainment had a return on equity of 8.89% and a net margin of 1.24%. The firm had revenue of $159.80 million for the quarter, compared to analyst estimates of $167.83 million. During the same period in the previous year, the firm posted $1.13 earnings per share. The company’s revenue for the quarter was down 56.1% on a year-over-year basis. On average, research analysts expect that Dave & Buster’s Entertainment will post -3.42 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 11,854 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $13.83, for a total transaction of $163,940.82. Following the completion of the sale, the senior vice president now owns 44,862 shares in the company, valued at $620,441.46. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, CEO Brian Jenkins sold 38,808 shares of the company’s stock in a transaction dated Tuesday, May 26th. The stock was sold at an average price of $12.90, for a total transaction of $500,623.20. Following the transaction, the chief executive officer now owns 166,912 shares of the company’s stock, valued at approximately $2,153,164.80. The disclosure for this sale can be found here. In the last quarter, insiders have sold 74,032 shares of company stock valued at $999,462. 4.70% of the stock is owned by insiders.

Several institutional investors have recently added to or reduced their stakes in PLAY. Oppenheimer Asset Management Inc. bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter worth about $34,000. Altshuler Shaham Ltd bought a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $39,000. Advisor Group Holdings Inc. bought a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $46,000. North Star Investment Management Corp. bought a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $52,000. Finally, Public Employees Retirement Association of Colorado grew its position in shares of Dave & Buster’s Entertainment by 57.6% during the first quarter. Public Employees Retirement Association of Colorado now owns 7,652 shares of the restaurant operator’s stock worth $100,000 after acquiring an additional 2,798 shares during the last quarter. Institutional investors and hedge funds own 89.10% of the company’s stock.

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 entrees 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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