SunTrust Banks set a $87.00 target price on Dave & Buster's Entertainment (NASDAQ:PLAY) in a research note released on Friday morning. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the stock. Zacks Investment Research downgraded shares of Dave & Buster's Entertainment from a buy rating to a hold rating in a research note on Monday, November 6th. Longbow Research initiated coverage on shares of Dave & Buster's Entertainment in a research note on Friday, October 13th. They set a buy rating and a $77.00 target price on the stock. Canaccord Genuity reaffirmed a buy rating and set a $72.00 target price on shares of Dave & Buster's Entertainment in a research note on Sunday, October 22nd. TheStreet raised shares of Dave & Buster's Entertainment from a c rating to a b- rating in a research note on Thursday, November 9th. Finally, Piper Jaffray Companies reaffirmed a buy rating and set a $69.00 target price on shares of Dave & Buster's Entertainment in a research note on Thursday, October 5th. One research analyst has rated the stock with a sell rating, one has issued a hold rating and ten have assigned a buy rating to the stock. The company has an average rating of Buy and a consensus price target of $69.00.

Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) traded up $2.13 during mid-day trading on Friday, reaching $48.17. 2,092,689 shares of the company’s stock were exchanged, compared to its average volume of 1,990,000. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. Dave & Buster's Entertainment has a one year low of $43.77 and a one year high of $73.48. The stock has a market capitalization of $1,870.00, a P/E ratio of 18.39, a PEG ratio of 1.20 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last issued its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate of $255.70 million. During the same period in the previous year, the firm earned $0.25 earnings per share. Dave & Buster's Entertainment’s quarterly revenue was up 9.3% compared to the same quarter last year. analysts anticipate that Dave & Buster's Entertainment will post 2.58 earnings per share for the current fiscal year.

In related news, Director Kevin M. Sheehan purchased 10,000 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, January 8th. The shares were acquired at an average cost of $45.58 per share, with a total value of $455,800.00. Following the purchase, the director now owns 60,138 shares of the company’s stock, valued at $2,741,090.04. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, SVP Jay L. Tobin sold 4,000 shares of the business’s stock in a transaction that occurred on Friday, December 15th. The shares were sold at an average price of $55.00, for a total transaction of $220,000.00. Following the completion of the sale, the senior vice president now directly owns 52,071 shares in the company, valued at $2,863,905. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock worth $1,478,448 over the last three months. Insiders own 3.84% of the company’s stock.

Institutional investors have recently added to or reduced their stakes in the company. Hillsdale Investment Management Inc. purchased a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $153,000. First Republic Investment Management Inc. purchased a new stake in shares of Dave & Buster's Entertainment in the 3rd quarter valued at approximately $203,000. Riverhead Capital Management LLC raised its stake in shares of Dave & Buster's Entertainment by 96.1% in the 2nd quarter. Riverhead Capital Management LLC now owns 3,529 shares of the restaurant operator’s stock valued at $235,000 after acquiring an additional 1,729 shares during the period. Private Advisor Group LLC purchased a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $243,000. Finally, BlueMountain Capital Management LLC purchased a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at approximately $245,000.

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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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