Dave & Buster’s Entertainment (NASDAQ:PLAY) Downgraded by BidaskClub to “Hold”

BidaskClub lowered shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a buy rating to a hold rating in a research note released on Saturday, BidAskClub reports.

PLAY has been the topic of a number of other research reports. Maxim Group set a $55.00 price target on shares of Dave & Buster’s Entertainment and gave the company a buy rating in a report on Thursday, September 12th. Wells Fargo & Co raised their price target on shares of Dave & Buster’s Entertainment from $40.00 to $44.00 and gave the company a market perform rating in a report on Tuesday, September 17th. SunTrust Banks cut their price target 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. TheStreet downgraded shares of Dave & Buster’s Entertainment from a b rating to a c+ rating in a report on Friday, June 21st. Finally, Jefferies Financial Group downgraded shares of Dave & Buster’s Entertainment from a buy rating to a hold rating and dropped their target price for the stock from $56.00 to $40.00 in a report on Tuesday, July 2nd. Twelve research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The company has an average rating of Hold and a consensus price target of $46.81.

Shares of Dave & Buster’s Entertainment stock traded down $0.59 during midday trading on Friday, reaching $38.77. 697,157 shares of the company’s stock traded hands, compared to its average volume of 1,094,113. The company has a market cap of $1.20 billion, a price-to-earnings ratio of 13.23, a price-to-earnings-growth ratio of 0.94 and a beta of 0.84. The company’s 50 day simple moving average is $40.70 and its 200 day simple moving average is $45.29. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.20 and a current ratio of 0.30. Dave & Buster’s Entertainment has a 52 week low of $37.21 and a 52 week high of $63.18.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, beating analysts’ consensus estimates of $0.86 by $0.04. The business had revenue of $344.60 million for the quarter, compared to the consensus estimate of $345.27 million. Dave & Buster’s Entertainment had a net margin of 8.78% and a return on equity of 32.64%. As a group, equities research analysts predict that Dave & Buster’s Entertainment will post 2.81 earnings per share for the current year.

The company also recently announced a 0.15000 dividend, which will be paid on Monday, November 11th. Investors of record on Friday, October 11th will be issued a $0.16 dividend. The ex-dividend date is Thursday, October 10th. This represents a yield of 1.6%. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is presently 21.84%.

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Nordea Investment Management AB grew its position in Dave & Buster’s Entertainment by 3.2% in the 1st quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock worth $3,755,000 after purchasing an additional 2,311 shares during the last quarter. Sarasin & Partners LLP grew its position in Dave & Buster’s Entertainment by 11.1% in the 2nd quarter. Sarasin & Partners LLP now owns 300,000 shares of the restaurant operator’s stock worth $12,141,000 after purchasing an additional 30,000 shares during the last quarter. State of Wisconsin Investment Board grew its position in Dave & Buster’s Entertainment by 41.2% in the 1st quarter. State of Wisconsin Investment Board now owns 211,800 shares of the restaurant operator’s stock worth $10,562,000 after purchasing an additional 61,800 shares during the last quarter. Man Group plc grew its position in Dave & Buster’s Entertainment by 512.4% in the 2nd quarter. Man Group plc now owns 426,553 shares of the restaurant operator’s stock worth $17,261,000 after purchasing an additional 356,896 shares during the last quarter. Finally, Schroder Investment Management Group acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth $9,830,000.

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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