Wells Fargo & Company reissued their outperform rating on shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in a research report released on Wednesday morning. The brokerage currently has a $71.00 price objective on the restaurant operator’s stock, down from their previous price objective of $78.00.

Several other analysts have also recently commented on PLAY. Canaccord Genuity restated a buy rating and set a $72.00 price target (down from $75.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Piper Jaffray Companies raised their price target on shares of Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the stock an overweight rating in a report on Wednesday, June 7th. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a buy rating to a hold rating in a report on Tuesday, August 8th. Maxim Group restated a buy rating and set a $78.00 price target on shares of Dave & Buster’s Entertainment in a report on Thursday, August 24th. Finally, BidaskClub cut shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Tuesday, August 1st. One analyst has rated the stock with a sell rating and eleven have assigned a buy rating to the company’s stock. Dave & Buster’s Entertainment presently has a consensus rating of Buy and a consensus price target of $74.11.

Dave & Buster’s Entertainment (PLAY) opened at 50.95 on Wednesday. Dave & Buster’s Entertainment has a 52 week low of $37.60 and a 52 week high of $73.48. The stock has a market cap of $2.11 billion, a P/E ratio of 21.56 and a beta of 0.65. The company’s 50 day moving average is $60.13 and its 200 day moving average is $62.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 EPS for the quarter, topping the consensus estimate of $0.55 by $0.04. The business had revenue of $280.80 million during the quarter, compared to analysts’ expectations of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the company posted $0.50 earnings per share. Equities analysts predict that Dave & Buster’s Entertainment will post $2.69 earnings per share for the current year.

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Dave & Buster’s Entertainment announced that its board has initiated a share buyback plan on Tuesday, June 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 3.4% 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 Dave & Buster’s Entertainment news, CEO Stephen M. King sold 45,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $49.80, for a total value of $2,241,000.00. Following the completion of the sale, the chief executive officer now directly owns 22,501 shares in the company, valued at $1,120,549.80. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Jenkins sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $50.10, for a total transaction of $375,750.00. Following the completion of the sale, the chief financial officer now owns 1 shares of the company’s stock, valued at $50.10. The disclosure for this sale can be found here. Insiders sold 102,500 shares of company stock valued at $5,949,550 over the last quarter. Corporate insiders own 5.60% of the company’s stock.

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Alps Advisors Inc. lifted its stake in Dave & Buster’s Entertainment by 0.3% in the second quarter. Alps Advisors Inc. now owns 8,142 shares of the restaurant operator’s stock valued at $542,000 after acquiring an additional 21 shares during the last quarter. Pinebridge Investments L.P. lifted its stake in Dave & Buster’s Entertainment by 1.0% in the second quarter. Pinebridge Investments L.P. now owns 4,933 shares of the restaurant operator’s stock valued at $328,000 after acquiring an additional 50 shares during the last quarter. Renaissance Group LLC lifted its stake in Dave & Buster’s Entertainment by 0.9% in the second quarter. Renaissance Group LLC now owns 5,811 shares of the restaurant operator’s stock valued at $386,000 after acquiring an additional 54 shares during the last quarter. First National Bank of Omaha lifted its stake in Dave & Buster’s Entertainment by 0.3% in the second quarter. First National Bank of Omaha now owns 22,735 shares of the restaurant operator’s stock valued at $1,512,000 after acquiring an additional 60 shares during the last quarter. Finally, JPMorgan Chase & Co. lifted its stake in Dave & Buster’s Entertainment by 0.6% in the second quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock valued at $907,000 after acquiring an additional 79 shares during 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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