Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Lowered to $62.00 at Maxim Group

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target reduced by Maxim Group from $67.00 to $62.00 in a research note released on Wednesday morning, The Fly reports. Maxim Group currently has a buy rating on the restaurant operator’s stock.

Several other equities analysts have also issued reports on PLAY. Gordon Haskett lowered Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $41.70 price target on the stock. in a research note on Wednesday. Loop Capital decreased their price target on Dave & Buster’s Entertainment to $55.00 and set a buy rating on the stock in a research note on Wednesday. They noted that the move was a valuation call. Piper Jaffray Companies decreased their price target on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an overweight rating on the stock in a research note on Wednesday. SunTrust Banks lowered Dave & Buster’s Entertainment from a buy rating to a hold rating and decreased their price target for the company from $64.00 to $47.00 in a research note on Wednesday. Finally, BidaskClub upgraded Dave & Buster’s Entertainment from a hold rating to a buy rating in a research note on Tuesday, April 30th. Three equities research analysts have rated the stock with a sell rating, three have given a hold rating and eight have assigned a buy rating to the company. Dave & Buster’s Entertainment presently has an average rating of Hold and a consensus target price of $56.70.

Shares of PLAY opened at $40.00 on Wednesday. Dave & Buster’s Entertainment has a 52-week low of $39.46 and a 52-week high of $67.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37. The firm has a market capitalization of $1.89 billion, a PE ratio of 13.65, a price-to-earnings-growth ratio of 1.13 and a beta of 1.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing the Thomson Reuters’ consensus estimate of $1.14 by ($0.01). Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 28.11%. The business had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. During the same quarter in the previous year, the business posted $1.04 EPS. The company’s revenue for the quarter was up 9.5% on a year-over-year basis. Equities research analysts expect that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In related news, SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $48.37, for a total transaction of $362,775.00. Following the sale, the senior vice president now owns 17,004 shares in the company, valued at approximately $822,483.48. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, SVP J Michael Plunkett sold 4,000 shares of the business’s stock in a transaction on Monday, April 1st. The stock was sold at an average price of $50.36, for a total value of $201,440.00. Following the sale, the senior vice president now owns 4,001 shares in the company, valued at approximately $201,490.36. The disclosure for this sale can be found here. Insiders have sold a total of 40,635 shares of company stock worth $2,185,020 in the last 90 days. 3.70% of the stock is currently owned by corporate insiders.

Hedge funds have recently modified their holdings of the stock. Oregon Public Employees Retirement Fund lifted its holdings in Dave & Buster’s Entertainment by 1.8% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock worth $750,000 after buying an additional 272 shares during the period. Advisor Group Inc. lifted its holdings in Dave & Buster’s Entertainment by 14.1% during the 1st quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after buying an additional 320 shares during the period. Mason Street Advisors LLC lifted its holdings in Dave & Buster’s Entertainment by 2.9% during the 1st quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock worth $619,000 after buying an additional 352 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in Dave & Buster’s Entertainment by 4.8% during the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock worth $484,000 after buying an additional 441 shares during the period. Finally, Stormborn Capital Management LLC acquired a new position in Dave & Buster’s Entertainment during the 1st quarter worth about $86,000.

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.

See Also: Are 12b-1 Fees Affecting Your Mutual Fund Performance?

The Fly

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

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.