Dave & Buster’s Entertainment (PLAY) Downgraded to “Sell” at BidaskClub

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BidaskClub downgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a hold rating to a sell rating in a report released on Tuesday, BidAskClub reports.

A number of other brokerages also recently issued reports on PLAY. Wells Fargo & Co boosted their price objective on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an outperform rating in a research note on Wednesday, April 3rd. BMO Capital Markets reissued an outperform rating and issued a $66.00 price objective (up from $62.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, April 3rd. SunTrust Banks dropped their price objective on Dave & Buster’s Entertainment to $61.00 and set a buy rating on the stock in a research note on Tuesday, March 5th. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a hold rating to a sell rating in a research note on Monday, February 11th. Finally, Maxim Group boosted their price objective on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a buy rating in a research note on Wednesday, April 3rd. Two analysts have rated the stock with a sell rating and twelve have given a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has a consensus rating of Buy and an average price target of $65.00.

Shares of NASDAQ:PLAY opened at $49.63 on Tuesday. The stock has a market capitalization of $1.79 billion, a PE ratio of 16.94, a price-to-earnings-growth ratio of 1.08 and a beta of 1.00. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. Dave & Buster’s Entertainment has a 1 year low of $37.98 and a 1 year high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.63 by $0.12. The company had revenue of $331.80 million for the quarter, compared to the consensus estimate of $324.90 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The firm’s revenue was up 8.8% compared to the same quarter last year. During the same period in the previous year, the business earned $0.61 EPS. On average, equities research analysts forecast that Dave & Buster’s Entertainment will post 3.06 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Investors of record on Tuesday, March 26th were given a $0.15 dividend. This represents a $0.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date of this dividend was Monday, March 25th. Dave & Buster’s Entertainment’s payout ratio is 20.48%.

In related news, CMO John P. Gleason sold 8,200 shares of the business’s stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $54.85, for a total value of $449,770.00. Following the completion of the sale, the chief marketing officer now directly owns 23,458 shares of the company’s stock, valued at approximately $1,286,671.30. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction dated Friday, March 15th. The shares were sold at an average price of $48.37, for a total value of $362,775.00. Following the completion of the sale, the senior vice president now directly owns 17,004 shares of the company’s stock, valued at $822,483.48. The disclosure for this sale can be found here. Insiders sold a total of 30,635 shares of company stock valued at $1,612,020 over the last ninety days. 3.40% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently modified their holdings of PLAY. Valeo Financial Advisors LLC bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $55,000. Quantamental Technologies LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $84,000. Meeder Asset Management Inc. bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $127,000. Cerebellum GP LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $192,000. Finally, Brown Advisory Inc. increased its holdings in Dave & Buster’s Entertainment by 17.1% during the 4th quarter. Brown Advisory Inc. now owns 5,477 shares of the restaurant operator’s stock worth $243,000 after purchasing an additional 801 shares in the last quarter.

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

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