Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target cut by Maxim Group from $67.00 to $62.00 in a research note issued to investors on Wednesday, Briefing.com Automated Import reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Maxim Group’s price target points to a potential upside of 20.32% from the stock’s previous close.

Other analysts also recently issued reports about the company. BidaskClub downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday, May 15th. SunTrust Banks lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday. Loop Capital dropped their target price on Dave & Buster’s Entertainment to $55.00 and set a “buy” rating for the company in a research note on Wednesday. They noted that the move was a valuation call. Gordon Haskett lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday. Finally, Piper Jaffray Companies dropped their target price on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have given a buy rating to the company. The stock presently has a consensus rating of “Buy” and an average target price of $62.82.

PLAY opened at $51.53 on Wednesday. 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 firm has a market cap of $1.80 billion, a price-to-earnings ratio of 17.59, a PEG ratio of 1.08 and a beta of 1.12. Dave & Buster’s Entertainment has a one year low of $42.78 and a one year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The company had revenue of $363.58 million during the quarter, compared to analysts’ expectations of $371.72 million. During the same quarter in the prior year, the company earned $1.04 earnings per share. The firm’s revenue was up 9.5% compared to the same quarter last year. On average, equities analysts anticipate that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In other news, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction dated Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the completion of the sale, the senior vice president now owns 4,001 shares in the company, valued at $201,490.36. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, SVP John Mulleady sold 7,500 shares of the stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $48.37, for a total value of $362,775.00. Following the completion of the sale, the senior vice president now owns 17,004 shares of the company’s stock, valued at approximately $822,483.48. The disclosure for this sale can be found here. Insiders have sold 40,635 shares of company stock valued at $2,185,020 over the last 90 days. 3.70% of the stock is currently owned by insiders.

Several hedge funds have recently bought and sold shares of PLAY. Valeo Financial Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at about $55,000. Stormborn Capital Management LLC purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at about $86,000. Advisor Group Inc. boosted its holdings in Dave & Buster’s Entertainment by 14.1% in the first quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock valued at $129,000 after purchasing an additional 320 shares during the last quarter. Quantamental Technologies LLC boosted its holdings in Dave & Buster’s Entertainment by 57.5% in the first quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock valued at $148,000 after purchasing an additional 1,085 shares during the last quarter. Finally, Buffington Mohr McNeal purchased a new position in Dave & Buster’s Entertainment in the first quarter valued at about $155,000.

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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