Wells Fargo & Co downgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from an outperform rating to a market perform rating in a research note released on Tuesday morning, The Fly reports.

A number of other analysts have also weighed in on PLAY. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Monday, February 11th. BidaskClub lowered shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Tuesday, February 12th. SunTrust Banks dropped their target price on shares of Dave & Buster’s Entertainment to $61.00 and set a buy rating for the company in a report on Tuesday, March 5th. BMO Capital Markets reiterated an outperform rating and set a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Finally, Maxim Group increased their target price on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a buy rating in a report on Wednesday, April 3rd. Two research analysts have rated the stock with a sell rating, one has assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has an average rating of Buy and an average target price of $65.00.

Dave & Buster’s Entertainment stock opened at $51.53 on Tuesday. 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 stock has a market cap of $1.80 billion, a PE ratio of 17.59, a PEG ratio of 1.08 and a beta of 1.12. Dave & Buster’s Entertainment has a 1-year low of $42.78 and a 1-year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). The firm had revenue of $363.58 million for the quarter, compared to analysts’ expectations of $371.72 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 9.5% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.04 earnings per share. Sell-side analysts predict that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 8,200 shares of the firm’s stock in a transaction that occurred on Friday, April 5th. The shares were sold at an average price of $54.85, for a total transaction of $449,770.00. Following the completion of the transaction, the chief marketing officer now owns 23,458 shares of the company’s stock, valued at $1,286,671.30. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total transaction of $573,000.00. Following the transaction, the chief operating officer now directly owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The disclosure for this sale can be found here. Over the last three months, insiders sold 40,635 shares of company stock valued at $2,185,020. 3.70% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Marshall Wace LLP increased its stake in shares of Dave & Buster’s Entertainment by 2.7% during the first quarter. Marshall Wace LLP now owns 276,095 shares of the restaurant operator’s stock valued at $13,769,000 after purchasing an additional 7,321 shares in the last quarter. Nordea Investment Management AB increased its stake in shares of Dave & Buster’s Entertainment by 3.2% during the first quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after purchasing an additional 2,311 shares in the last quarter. Macquarie Group Ltd. increased its stake in shares of Dave & Buster’s Entertainment by 2.7% during the first quarter. Macquarie Group Ltd. now owns 39,001 shares of the restaurant operator’s stock valued at $1,945,000 after purchasing an additional 1,025 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in shares of Dave & Buster’s Entertainment by 1.5% during the first quarter. Goldman Sachs Group Inc. now owns 408,103 shares of the restaurant operator’s stock valued at $20,352,000 after purchasing an additional 5,972 shares in the last quarter. Finally, Oxford Asset Management LLP bought a new position in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $1,726,000.

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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