Dave & Buster's Entertainment (PLAY) Given a $87.00 Price Target at SunTrust Banks

Dave & Buster's Entertainment (NASDAQ:PLAY) received a $87.00 price target from equities researchers at SunTrust Banks in a research note issued on Thursday. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price target would indicate a potential upside of 88.64% from the company’s previous close.

PLAY has been the topic of several other reports. BMO Capital Markets cut their target price on shares of Dave & Buster's Entertainment to $68.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 6th. Canaccord Genuity reissued 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. Zacks Investment Research downgraded shares of Dave & Buster's Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, October 24th. Wells Fargo & Co cut their target price on shares of Dave & Buster's Entertainment from $71.00 to $66.00 and set an “outperform” rating on the stock in a research note on Thursday, November 30th. Finally, Maxim Group cut their target price on shares of Dave & Buster's Entertainment from $97.00 to $83.00 and set a “buy” rating on the stock in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the stock. The stock currently has an average rating of “Buy” and an average target price of $69.00.

Shares of Dave & Buster's Entertainment (NASDAQ PLAY) opened at $46.12 on Thursday. Dave & Buster's Entertainment has a 52-week low of $43.77 and a 52-week high of $73.48. The company has a market capitalization of $1,880.00, a price-to-earnings ratio of 17.60, a PEG ratio of 1.44 and a beta of 0.58. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38.

Dave & Buster's Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The company had revenue of $250.00 million during the quarter, compared to the consensus estimate of $255.70 million. During the same quarter in the prior year, the firm earned $0.25 EPS. The company’s quarterly revenue was up 9.3% compared to the same quarter last year. sell-side analysts forecast that Dave & Buster's Entertainment will post 2.65 earnings per share for the current fiscal year.

In other news, CFO Brian Jenkins sold 600 shares of the company’s stock in a transaction on Thursday, December 27th. The shares were sold at an average price of $57.25, for a total value of $34,350.00. Following the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at $288,654.50. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Kevin M. Sheehan purchased 10,000 shares of the company’s stock in a transaction dated Monday, January 8th. The stock was bought at an average cost of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the purchase, the director now directly owns 60,138 shares of the company’s stock, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. Insiders sold 26,600 shares of company stock worth $1,478,448 over the last ninety days. 3.84% of the stock is currently owned by company insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Zurcher Kantonalbank Zurich Cantonalbank increased its stake 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 acquiring an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. acquired a new position in shares of Dave & Buster's Entertainment in the second quarter worth $153,000. Riverhead Capital Management LLC increased its stake in shares of Dave & Buster's Entertainment by 96.1% in the second quarter. Riverhead Capital Management LLC now owns 3,529 shares of the restaurant operator’s stock worth $235,000 after acquiring an additional 1,729 shares during the last quarter. Cambridge Investment Research Advisors Inc. increased its stake in shares of Dave & Buster's Entertainment by 9.7% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 3,613 shares of the restaurant operator’s stock worth $240,000 after acquiring an additional 319 shares during the last quarter. Finally, BlueMountain Capital Management LLC acquired a new position in Dave & Buster's Entertainment during the second quarter worth $245,000.

COPYRIGHT VIOLATION WARNING: This story was reported by Community Financial News and is the property of of Community Financial News. If you are accessing this story on another publication, it was stolen and republished in violation of United States and international trademark & copyright laws. The original version of this story can be accessed at https://www.com-unik.info/2018/01/11/dave-s-entertainment-play-given-a-87-00-price-target-at-suntrust-banks.html.

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)

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Comments

Leave a Reply


share news on Facebook
tweet this investment news
share on linkedin
share on StockTwits
share on Google Plus
share on reddit