Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)‘s stock had its “buy” rating reiterated by investment analysts at Maxim Group in a research note issued to investors on Thursday. They presently have a $78.00 price target on the restaurant operator’s stock. Maxim Group’s price target suggests a potential upside of 30.70% from the company’s previous close.

The analysts wrote, “We maintain our Buy rating and $78 price target on Dave & Buster’s Entertainment (PLAY) ahead of the release of F2Q17 (July) results after the close on Tuesday, September 5.””

Other research analysts have also recently issued research reports about the company. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. BidaskClub lowered Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a report on Saturday, June 17th. Wells Fargo & Company restated an “outperform” rating and issued a $78.00 price objective (up previously from $75.00) on shares of Dave & Buster’s Entertainment in a report on Friday, June 9th. Canaccord Genuity upped their target price on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a report on Friday, June 9th. Finally, Jefferies Group LLC reaffirmed a “buy” rating and set a $80.00 target price on shares of Dave & Buster’s Entertainment in a report on Friday, July 14th. One investment analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The stock presently has an average rating of “Buy” and a consensus target price of $77.00.

Dave & Buster’s Entertainment (PLAY) traded down 0.03% during mid-day trading on Thursday, reaching $59.68. 569,065 shares of the company were exchanged. Dave & Buster’s Entertainment has a 1-year low of $37.60 and a 1-year high of $73.48. The stock has a 50-day moving average of $62.94 and a 200 day moving average of $62.86. The firm has a market capitalization of $2.48 billion, a P/E ratio of 25.26 and a beta of 0.64.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.81 by $0.17. Dave & Buster’s Entertainment had a return on equity of 22.71% and a net margin of 9.78%. The business had revenue of $304.15 million during the quarter, compared to the consensus estimate of $299.77 million. During the same period in the previous year, the business earned $0.72 EPS. The business’s quarterly revenue was up 16.1% on a year-over-year basis. Equities research analysts forecast that Dave & Buster’s Entertainment will post $2.62 earnings per share for the current year.

Dave & Buster’s Entertainment declared that its Board of Directors has authorized a stock repurchase program on Tuesday, June 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to repurchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s board of directors believes its stock is undervalued.

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In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the company’s stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at approximately $1,026,607.62. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, CEO Stephen M. King sold 75,000 shares of the company’s stock in a transaction dated Thursday, June 8th. The stock was sold at an average price of $71.69, for a total value of $5,376,750.00. Following the completion of the transaction, the chief executive officer now directly owns 37,501 shares in the company, valued at $2,688,446.69. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 144,186 shares of company stock worth $10,085,186. Insiders own 5.60% of the company’s stock.

Several hedge funds and other institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC raised its position in shares of Dave & Buster’s Entertainment by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after buying an additional 1,468 shares in the last quarter. Tyers Asset Management LLC raised its position in shares of Dave & Buster’s Entertainment by 9.2% in the first quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after buying an additional 168 shares in the last quarter. Strs Ohio raised its position in shares of Dave & Buster’s Entertainment by 76.9% in the first quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank raised its position in shares of Dave & Buster’s Entertainment by 147.6% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after buying an additional 1,286 shares in the last quarter. Finally, Flinton Capital Management LLC raised its position in shares of Dave & Buster’s Entertainment by 9.2% in the first quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock worth $148,000 after buying an additional 204 shares in the last quarter.

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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