Dave & Buster’s Entertainment (PLAY) Price Target Increased to $69.00 by Analysts at Wells Fargo & Co

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Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price hoisted by Wells Fargo & Co from $64.00 to $69.00 in a research note issued to investors on Monday, September 17th, The Fly reports. They currently have an outperform rating on the restaurant operator’s stock.

Other analysts also recently issued research reports about the company. Zacks Investment Research raised Dave & Buster’s Entertainment from a hold rating to a buy rating and set a $54.00 target price on the stock in a research report on Tuesday, July 17th. Canaccord Genuity boosted their price target on Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a buy rating in a research report on Tuesday, June 12th. Raymond James boosted their price target on Dave & Buster’s Entertainment from $52.50 to $60.00 and gave the stock a buy rating in a research report on Tuesday, June 12th. BMO Capital Markets boosted their price target on Dave & Buster’s Entertainment from $49.00 to $64.00 and gave the stock a buy rating in a research report on Tuesday, June 12th. Finally, Maxim Group boosted their price target on Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the stock a buy rating in a research report on Monday, May 21st. Twelve equities research analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The company currently has an average rating of Buy and an average target price of $70.50.

PLAY stock traded up $0.95 during midday trading on Monday, hitting $61.38. 917,211 shares of the company’s stock were exchanged, compared to its average volume of 1,190,955. The company has a current ratio of 0.47, a quick ratio of 0.36 and a debt-to-equity ratio of 0.79. The firm has a market cap of $2.57 billion, a PE ratio of 23.61, a P/E/G ratio of 1.63 and a beta of 0.48. Dave & Buster’s Entertainment has a one year low of $37.85 and a one year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, beating analysts’ consensus estimates of $0.67 by $0.17. The company had revenue of $319.20 million for the quarter, compared to analyst estimates of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The company’s quarterly revenue was up 13.7% compared to the same quarter last year. During the same period in the previous year, the company posted $0.59 earnings per share. On average, analysts forecast that Dave & Buster’s Entertainment will post 2.75 earnings per share for the current year.

The business also recently declared a special dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were paid a $0.15 dividend. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is currently 23.08%.

In related news, CFO Brian Jenkins sold 10,000 shares of the business’s stock in a transaction that occurred on Friday, August 24th. The stock was sold at an average price of $57.35, for a total value of $573,500.00. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, SVP J Michael Plunkett sold 2,000 shares of the business’s stock in a transaction that occurred on Wednesday, August 1st. The shares were sold at an average price of $48.53, for a total value of $97,060.00. Following the completion of the sale, the senior vice president now owns 3,671 shares of the company’s stock, valued at $178,153.63. The disclosure for this sale can be found here. Over the last quarter, insiders sold 168,600 shares of company stock valued at $10,349,665. 3.40% of the stock is currently owned by corporate insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Wells Fargo & Company MN lifted its stake in Dave & Buster’s Entertainment by 15.2% during the second quarter. Wells Fargo & Company MN now owns 158,367 shares of the restaurant operator’s stock worth $7,539,000 after purchasing an additional 20,923 shares during the last quarter. Trexquant Investment LP increased its holdings in Dave & Buster’s Entertainment by 813.8% in the second quarter. Trexquant Investment LP now owns 56,727 shares of the restaurant operator’s stock valued at $2,700,000 after purchasing an additional 50,519 shares during the period. Aurora Investment Counsel increased its holdings in Dave & Buster’s Entertainment by 4.1% in the second quarter. Aurora Investment Counsel now owns 33,159 shares of the restaurant operator’s stock valued at $1,578,000 after purchasing an additional 1,291 shares during the period. Sei Investments Co. increased its holdings in Dave & Buster’s Entertainment by 91.3% in the second quarter. Sei Investments Co. now owns 36,375 shares of the restaurant operator’s stock valued at $1,732,000 after purchasing an additional 17,363 shares during the period. Finally, Sun Life Financial INC acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $483,000.

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 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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The Fly

Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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