Dave & Buster's Entertainment (PLAY) Shares Gap Up to $46.04

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY)’s share price gapped up before the market opened on Friday . The stock had previously closed at $44.08, but opened at $46.04. Dave & Buster's Entertainment shares last traded at $48.17, with a volume of 2092689 shares changing hands.

A number of equities analysts recently commented on PLAY shares. Maxim Group restated a “buy” rating and set a $97.00 target price on shares of Dave & Buster's Entertainment in a report on Friday, December 22nd. Wells Fargo & Co lowered their target price on Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating for the company in a report on Tuesday, January 9th. TheStreet cut Dave & Buster's Entertainment from a “b” rating to a “c” rating in a report on Wednesday, October 4th. Piper Jaffray Companies restated a “buy” rating and set a $56.00 target price on shares of Dave & Buster's Entertainment in a report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $54.00 target price for the company in a report on Monday, October 30th. One 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 company currently has an average rating of “Buy” and a consensus target price of $69.00.

The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38. The firm has a market cap of $1,870.00, a P/E ratio of 18.39, a PEG ratio of 1.21 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.23 by $0.06. The business had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $255.70 million. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The business’s quarterly revenue was up 9.3% compared to the same quarter last year. During the same quarter last year, the business posted $0.25 EPS. equities analysts anticipate that Dave & Buster's Entertainment, Inc. will post 2.58 earnings per share for the current year.

In other news, SVP J Michael Plunkett sold 2,000 shares of the firm’s stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $55.02, for a total transaction of $110,040.00. Following the sale, the senior vice president now owns 2,001 shares of the company’s stock, valued at approximately $110,095.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CFO Brian Jenkins sold 10,000 shares of the firm’s stock in a transaction dated Thursday, December 7th. The stock was sold at an average price of $54.09, for a total value of $540,900.00. Following the sale, the chief financial officer now directly owns 5,042 shares in the company, valued at approximately $272,721.78. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock valued at $1,478,448 in the last quarter. Company insiders own 3.84% of the company’s stock.

Hedge funds and other institutional investors have recently modified their holdings of the company. Quantbot Technologies LP acquired a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $1,578,000. First Quadrant L P CA acquired a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $644,000. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave & Buster's Entertainment during the 2nd quarter worth about $531,000. Dimensional Fund Advisors LP raised its position in shares of Dave & Buster's Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,033,691 shares of the restaurant operator’s stock worth $68,751,000 after acquiring an additional 22,602 shares in the last quarter. Finally, Northern Trust Corp raised its position in shares of Dave & Buster's Entertainment by 13.6% during the 2nd quarter. Northern Trust Corp now owns 530,501 shares of the restaurant operator’s stock worth $35,284,000 after acquiring an additional 63,456 shares in the last quarter.

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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.

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