Dave & Buster’s Entertainment (NASDAQ:PLAY) PT Raised to $44.00 at Wells Fargo & Co

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target hoisted by Wells Fargo & Co from $40.00 to $44.00 in a research note issued to investors on Tuesday morning, 24/7 WallStreet reports. Wells Fargo & Co currently has a market perform rating on the restaurant operator’s stock.

A number of other equities research analysts have also commented on PLAY. SunTrust Banks dropped their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $41.00 and set a hold rating on the stock in a report on Wednesday, September 11th. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $50.00 and set an outperform rating on the stock in a report on Wednesday, September 11th. William Blair lowered shares of Dave & Buster’s Entertainment from an outperform rating to a market perform rating in a report on Wednesday, September 11th. Gordon Haskett lowered shares of Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $41.70 price objective on the stock. in a report on Wednesday, June 12th. Finally, Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $45.00 price objective on the stock. in a report on Monday, September 2nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating and four have given a buy rating to the company. The stock currently has an average rating of Hold and an average target price of $46.81.

PLAY opened at $41.71 on Tuesday. The firm’s fifty day moving average is $40.61 and its two-hundred day moving average is $46.25. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.20 and a current ratio of 0.30. The firm has a market cap of $1.26 billion, a PE ratio of 13.23, a price-to-earnings-growth ratio of 0.98 and a beta of 0.86. Dave & Buster’s Entertainment has a twelve month low of $37.21 and a twelve month high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company had revenue of $344.60 million for the quarter, compared to analyst estimates of $345.27 million. Dave & Buster’s Entertainment had a net margin of 8.78% and a return on equity of 32.64%. Equities analysts forecast that Dave & Buster’s Entertainment will post 2.81 EPS for the current fiscal year.

In related news, Director Michael J. Griffith acquired 5,000 shares of the company’s stock in a transaction that occurred on Tuesday, July 2nd. The shares were acquired at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the acquisition, the director now directly owns 16,327 shares in the company, valued at approximately $641,977.64. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 3.70% of the company’s stock.

Hedge funds have recently modified their holdings of the business. DekaBank Deutsche Girozentrale acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at $36,000. Meeder Asset Management Inc. increased its stake in Dave & Buster’s Entertainment by 639.8% in the 2nd quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 1,606 shares during the last quarter. Magnus Financial Group LLC acquired a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $215,000. Campbell & CO Investment Adviser LLC acquired a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $217,000. Finally, Aperio Group LLC increased its stake in Dave & Buster’s Entertainment by 11.1% in the 2nd quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 457 shares during the last quarter.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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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Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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