Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Target Price at $61.57

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been given a consensus rating of “Hold” by the ten ratings firms that are covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $53.38.

Several analysts have recently commented on the stock. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday. Finally, StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th.

Dave & Buster’s Entertainment Stock Up 7.8 %

NASDAQ PLAY opened at $27.48 on Wednesday. The business’s fifty day simple moving average is $36.48 and its 200-day simple moving average is $36.94. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The firm has a market cap of $1.06 billion, a PE ratio of 13.73 and a beta of 2.13. Dave & Buster’s Entertainment has a 52 week low of $25.00 and a 52 week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same period in the previous year, the firm earned $0.94 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, equities analysts anticipate that Dave & Buster’s Entertainment will post 2.54 earnings per share for the current year.

Insider Activity

In related news, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $25.48 per share, with a total value of $961,487.80. Following the purchase, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. This trade represents a 37.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 7th. The stock was bought at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently modified their holdings of PLAY. SG Americas Securities LLC increased its holdings in shares of Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after acquiring an additional 36,793 shares during the last quarter. Coronation Fund Managers Ltd. increased its stake in Dave & Buster’s Entertainment by 2.9% in the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock valued at $41,208,000 after purchasing an additional 29,627 shares during the last quarter. Nisa Investment Advisors LLC raised its holdings in Dave & Buster’s Entertainment by 32.8% during the second quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock worth $8,222,000 after purchasing an additional 51,022 shares in the last quarter. Hennessy Advisors Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $5,191,000. Finally, Louisiana State Employees Retirement System boosted its holdings in shares of Dave & Buster’s Entertainment by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after buying an additional 300 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.