Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has earned a consensus recommendation of “Buy” from the thirteen ratings firms that are covering the firm, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have assigned a buy rating to the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $73.89.

A number of brokerages have recently weighed in on PLAY. Raymond James Financial, Inc. restated an “outperform” rating and issued a $77.00 target price on shares of Dave & Buster’s Entertainment in a research note on Monday, July 24th. BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, August 1st. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, August 8th. Maxim Group restated a “buy” rating and issued a $78.00 target price on shares of Dave & Buster’s Entertainment in a research note on Thursday, August 24th. Finally, BMO Capital Markets restated an “outperform” rating and issued a $70.00 target price (down from $72.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, September 6th.

In related news, CEO Stephen M. King sold 45,000 shares of the firm’s stock in a transaction dated Thursday, September 7th. The stock was sold at an average price of $49.80, for a total value of $2,241,000.00. Following the transaction, the chief executive officer now owns 22,501 shares in the company, valued at $1,120,549.80. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, SVP J Michael Plunkett sold 3,000 shares of the firm’s stock in a transaction dated Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total value of $153,600.00. The disclosure for this sale can be found here. In the last quarter, insiders sold 58,000 shares of company stock worth $2,901,075. 3.84% of the stock is owned by company insiders.

A number of institutional investors have recently bought and sold shares of PLAY. Mackenzie Financial Corp boosted its holdings in Dave & Buster’s Entertainment by 414.8% in the third quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock valued at $60,458,000 after acquiring an additional 928,227 shares during the last quarter. Eagle Asset Management Inc. bought a new position in Dave & Buster’s Entertainment in the second quarter valued at about $48,306,000. Mik Capital LLC bought a new position in Dave & Buster’s Entertainment in the second quarter valued at about $43,824,000. Rice Hall James & Associates LLC boosted its holdings in Dave & Buster’s Entertainment by 157.3% in the third quarter. Rice Hall James & Associates LLC now owns 463,477 shares of the restaurant operator’s stock valued at $24,323,000 after acquiring an additional 283,355 shares during the last quarter. Finally, Russell Investments Group Ltd. boosted its holdings in 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 valued at $16,455,000 after acquiring an additional 152,210 shares during the last quarter.

Dave & Buster’s Entertainment (NASDAQ PLAY) traded up $1.02 during trading on Thursday, reaching $52.08. The company’s stock had a trading volume of 705,105 shares, compared to its average volume of 804,728. 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 1 year low of $45.00 and a 1 year high of $73.48. The firm has a market capitalization of $2,100.00, a price-to-earnings ratio of 20.69, a P/E/G ratio of 1.29 and a beta of 0.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The company had revenue of $280.80 million during the quarter, compared to analyst estimates of $281.69 million. During the same period last year, the company posted $0.50 earnings per share. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.66 EPS for the current fiscal year.

Dave & Buster’s Entertainment declared that its board has initiated a stock repurchase plan on Friday, September 8th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to reacquire up to 4.7% of its stock through open market purchases. Stock repurchase plans are typically an indication that the company’s leadership believes its shares are undervalued.

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Dave & Buster’s Entertainment Company Profile

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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