Equities research analysts at Wells Fargo & Co. began coverage on shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) in a note issued to investors on Wednesday. The brokerage set an “outperform” rating on the stock.

Several other equities research analysts have also recently commented on PLAY. Stifel Nicolaus cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the company from $50.00 to $45.00 in a research report on Tuesday, July 26th. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, August 10th. Canaccord Genuity initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, August 22nd. They issued a “buy” rating and a $52.00 price objective on the stock. Piper Jaffray Cos. reaffirmed an “overweight” rating and issued a $51.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Wednesday, August 31st. Finally, BMO Capital Markets reaffirmed a “buy” rating and issued a $51.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Thursday, September 1st. One investment analyst has rated the stock with a sell rating, two have given a hold rating and six have issued a buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and a consensus price target of $47.27.

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

Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 39.57 on Wednesday. Dave & Buster’s Entertainment has a one year low of $29.54 and a one year high of $49.90. The company has a 50-day moving average price of $42.01 and a 200-day moving average price of $42.59. The company has a market capitalization of $1.66 billion, a price-to-earnings ratio of 21.37 and a beta of 0.61.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.44 by $0.06. The company earned $244.30 million during the quarter. Dave & Buster’s Entertainment had a net margin of 8.59% and a return on equity of 22.08%. Dave & Buster’s Entertainment’s quarterly revenue was up 12.4% on a year-over-year basis. During the same period last year, the firm earned $0.40 EPS. Equities research analysts anticipate that Dave & Buster’s Entertainment will post $1.94 EPS for the current year.

In related news, VP Joseph Benjamin Deprospero sold 2,520 shares of the company’s stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $47.62, for a total value of $120,002.40. Following the transaction, the vice president now owns 20,552 shares in the company, valued at approximately $978,686.24. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Stephen M. King sold 22,500 shares of the company’s stock in a transaction dated Monday, October 3rd. The shares were sold at an average price of $40.66, for a total transaction of $914,850.00. Following the completion of the transaction, the chief executive officer now owns 1 shares in the company, valued at approximately $40.66. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Lord Abbett & CO. LLC raised its position in shares of Dave & Buster’s Entertainment by 4,529.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,652,015 shares of the company’s stock worth $77,298,000 after buying an additional 1,616,331 shares during the last quarter. Fiera Capital Corp acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth about $48,549,000. Marshall Wace LLP raised its position in shares of Dave & Buster’s Entertainment by 493.6% in the second quarter. Marshall Wace LLP now owns 640,964 shares of the company’s stock worth $29,991,000 after buying an additional 532,993 shares during the last quarter. DSAM Partners London Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth about $20,721,000. Finally, Dimensional Fund Advisors LP raised its position in shares of Dave & Buster’s Entertainment by 137.4% in the second quarter. Dimensional Fund Advisors LP now owns 722,184 shares of the company’s stock worth $33,791,000 after buying an additional 418,032 shares during the last quarter.

5 Day Chart for NASDAQ:PLAY

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