Dave & Buster’s Entertainment (PLAY) Downgraded by BidaskClub

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BidaskClub downgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a buy rating to a hold rating in a research note released on Wednesday morning, BidAskClub reports.

Other equities research analysts have also recently issued research reports about the company. Maxim Group upped their price objective on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a buy rating in a research note on Wednesday, April 3rd. SunTrust Banks dropped their price objective on Dave & Buster’s Entertainment to $61.00 and set a buy rating on the stock in a research note on Tuesday, March 5th. Wells Fargo & Co upped their price objective on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an outperform rating in a research note on Wednesday, April 3rd. BMO Capital Markets reiterated an outperform rating and set a $66.00 price objective (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. Finally, Zacks Investment Research cut Dave & Buster’s Entertainment from a hold rating to a sell rating in a research note on Monday, February 11th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and twelve have given a buy rating to the company’s stock. Dave & Buster’s Entertainment has a consensus rating of Buy and a consensus price target of $65.00.

NASDAQ:PLAY traded down $0.77 during trading hours on Wednesday, reaching $54.83. 8,157 shares of the stock were exchanged, compared to its average volume of 882,568. Dave & Buster’s Entertainment has a twelve month low of $37.98 and a twelve month high of $67.05. 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 company has a market cap of $2.02 billion, a P/E ratio of 18.71, a price-to-earnings-growth ratio of 1.23 and a beta of 1.04.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.63 by $0.12. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The company had revenue of $331.80 million for the quarter, compared to analysts’ expectations of $324.90 million. During the same quarter in the prior year, the business posted $0.61 EPS. The business’s revenue was up 8.8% compared to the same quarter last year. As a group, analysts anticipate that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current fiscal year.

In related news, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now owns 4,001 shares in the company, valued at approximately $201,490.36. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Stephen M. King sold 10,935 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.69, for a total value of $598,035.15. Following the completion of the sale, the director now owns 43,186 shares in the company, valued at approximately $2,361,842.34. The disclosure for this sale can be found here. In the last 90 days, insiders sold 40,635 shares of company stock worth $2,185,020. 3.70% of the stock is owned by company insiders.

A number of institutional investors and hedge funds have recently bought and sold shares of PLAY. LPL Financial LLC acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at $331,000. Nordea Investment Management AB grew its holdings in Dave & Buster’s Entertainment by 15.7% in the 3rd quarter. Nordea Investment Management AB now owns 88,317 shares of the restaurant operator’s stock valued at $5,848,000 after buying an additional 11,962 shares in the last quarter. Vanguard Group Inc. grew its holdings in Dave & Buster’s Entertainment by 2.4% in the 3rd quarter. Vanguard Group Inc. now owns 3,955,269 shares of the restaurant operator’s stock valued at $261,918,000 after buying an additional 92,063 shares in the last quarter. State of Alaska Department of Revenue grew its holdings in Dave & Buster’s Entertainment by 1.8% in the 4th quarter. State of Alaska Department of Revenue now owns 12,987 shares of the restaurant operator’s stock valued at $578,000 after buying an additional 235 shares in the last quarter. Finally, Virtu Financial LLC acquired a new position in Dave & Buster’s Entertainment in the 4th quarter valued at $294,000.

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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