Dave & Buster’s Entertainment (PLAY) Given New $68.00 Price Target at BMO Capital Markets

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target reduced by BMO Capital Markets to $68.00 in a report released on Wednesday. They currently have an outperform rating on the restaurant operator’s stock.

Several other analysts have also issued reports on the company. Maxim Group boosted their price target on Dave & Buster’s Entertainment from $78.00 to $84.00 and gave the company a buy rating in a report on Wednesday. Wells Fargo & Company cut their price target on Dave & Buster’s Entertainment from $71.00 to $66.00 and set an outperform rating for the company in a report on Thursday, November 30th. TheStreet raised Dave & Buster’s Entertainment from a c rating to a b- rating in a report on Thursday, November 9th. Zacks Investment Research lowered Dave & Buster’s Entertainment from a buy rating to a hold rating in a report on Monday, November 6th. Finally, Canaccord Genuity reissued a buy rating and set a $72.00 price target on shares of Dave & Buster’s Entertainment in a report on Sunday, October 22nd. One investment analyst has rated the stock with a sell rating, one has given a hold rating and ten have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average target price of $71.30.

Shares of Dave & Buster’s Entertainment (PLAY) traded down $0.17 on Wednesday, hitting $52.72. The company had a trading volume of 6,850,300 shares, compared to its average volume of 855,444. The company has a quick ratio of 0.32, a current ratio of 0.44 and a debt-to-equity ratio of 0.70. Dave & Buster’s Entertainment has a one year low of $45.71 and a one year high of $73.48. The company has a market capitalization of $2,152.32, a price-to-earnings ratio of 21.16, a P/E/G ratio of 1.36 and a beta of 0.58.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Wednesday, December 6th. The restaurant operator reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Dave & Buster’s Entertainment had a return on equity of 24.63% and a net margin of 10.20%. The company had revenue of $250.00 million during the quarter, compared to analyst estimates of $255.70 million. During the same quarter in the previous year, the company posted $0.25 earnings per share. Dave & Buster’s Entertainment’s revenue was up 9.3% compared to the same quarter last year. research analysts anticipate that Dave & Buster’s Entertainment will post 2.63 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment declared that its Board of Directors has approved a stock buyback plan on Friday, September 8th that allows the company to repurchase $100.00 million in outstanding shares. This repurchase authorization allows the restaurant operator to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are usually a sign that the company’s leadership believes its shares are undervalued.

In other news, SVP J Michael Plunkett sold 3,000 shares of the business’s stock in a transaction dated Wednesday, October 4th. The stock was sold at an average price of $51.20, for a total value of $153,600.00. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Jenkins sold 2,000 shares of the business’s stock in a transaction dated Wednesday, September 13th. The shares were sold at an average price of $52.30, for a total value of $104,600.00. Following the completion of the transaction, the chief financial officer now owns 5,042 shares in the company, valued at $263,696.60. The disclosure for this sale can be found here. Insiders sold 5,500 shares of company stock worth $284,325 over the last 90 days. Company insiders own 3.84% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Bank of Montreal Can lifted its position in shares of Dave & Buster’s Entertainment by 36.7% in the second quarter. Bank of Montreal Can now owns 33,218 shares of the restaurant operator’s stock worth $2,209,000 after buying an additional 8,913 shares in the last quarter. Aperio Group LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth about $202,000. Russell Investments Group Ltd. lifted its position in shares of Dave & Buster’s Entertainment by 159.9% in the second quarter. Russell Investments Group Ltd. now owns 247,417 shares of the restaurant operator’s stock worth $16,455,000 after buying an additional 152,210 shares in the last quarter. Strs Ohio lifted its position in shares of Dave & Buster’s Entertainment by 69.6% in the second quarter. Strs Ohio now owns 3,900 shares of the restaurant operator’s stock worth $259,000 after buying an additional 1,600 shares in the last quarter. Finally, Municipal Employees Retirement System of Michigan lifted its position in shares of Dave & Buster’s Entertainment by 3.4% in the second quarter. Municipal Employees Retirement System of Michigan now owns 8,840 shares of the restaurant operator’s stock worth $588,000 after buying an additional 290 shares in the last quarter.

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About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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