Dave & Buster’s (PLAY) PT Lowered to $56.00 at Wells Fargo

Dave & Buster’s (NASDAQ:PLAY) had its price objective decreased by Wells Fargo from $60.00 to $56.00 in a report released on Wednesday morning. Wells Fargo currently has an outperform rating on the restaurant operator’s stock.

Several other equities research analysts have also commented on the stock. SunTrust Banks lifted their price target on shares of Dave & Buster’s to $95.00 and gave the stock an in-line rating in a research note on Wednesday, January 3rd. Piper Jaffray reiterated a buy rating and set a $56.00 price target on shares of Dave & Buster’s in a research note on Tuesday, January 9th. BMO Capital Markets cut their price target on shares of Dave & Buster’s to $68.00 and set an outperform rating on the stock in a research note on Wednesday, December 6th. Maxim Group reiterated a buy rating and set a $97.00 price target on shares of Dave & Buster’s in a research note on Friday, December 22nd. Finally, BidaskClub upgraded shares of Dave & Buster’s from a sell rating to a hold rating in a research note on Friday, December 29th. Two research analysts have rated the stock with a sell rating and nine have assigned a buy rating to the company’s stock. The stock presently has a consensus rating of Buy and an average price target of $65.00.

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Shares of NASDAQ:PLAY opened at $41.74 on Wednesday. Dave & Buster’s has a 12 month low of $41.04 and a 12 month high of $73.48. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70. The firm has a market cap of $1,698.58, a P/E ratio of 19.88, a P/E/G ratio of 1.02 and a beta of 0.36.

In other Dave & Buster’s news, CFO Brian Jenkins sold 9,400 shares of the firm’s stock in a transaction on Thursday, January 4th. The shares were sold at an average price of $57.32, for a total transaction of $538,808.00. Following the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $289,007.44. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Kevin M. Sheehan acquired 10,000 shares of the stock in a transaction on Monday, January 8th. The shares were acquired at an average cost of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the transaction, the director now directly owns 60,138 shares in the company, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. Company insiders own 3.84% of the company’s stock.

A number of institutional investors have recently modified their holdings of the business. JPMorgan Chase & Co. grew its position in Dave & Buster’s by 7.7% during the 3rd quarter. JPMorgan Chase & Co. now owns 14,690 shares of the restaurant operator’s stock worth $774,000 after purchasing an additional 1,053 shares during the last quarter. Piedmont Investment Advisors LLC grew its position in Dave & Buster’s by 13.2% during the 3rd quarter. Piedmont Investment Advisors LLC now owns 9,163 shares of the restaurant operator’s stock worth $481,000 after purchasing an additional 1,068 shares during the last quarter. Flinton Capital Management LLC grew its position in Dave & Buster’s by 20.8% during the 4th quarter. Flinton Capital Management LLC now owns 6,902 shares of the restaurant operator’s stock worth $381,000 after purchasing an additional 1,190 shares during the last quarter. California Public Employees Retirement System grew its position in Dave & Buster’s by 6.3% during the 3rd quarter. California Public Employees Retirement System now owns 20,400 shares of the restaurant operator’s stock worth $1,071,000 after purchasing an additional 1,200 shares during the last quarter. Finally, Renaissance Group LLC grew its position in Dave & Buster’s by 27.3% during the 4th quarter. Renaissance Group LLC now owns 7,401 shares of the restaurant operator’s stock worth $408,000 after purchasing an additional 1,589 shares during the last quarter.

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About Dave & Buster’s

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ?Fun American New Gourmet' 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.

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

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