Dave & Buster’s Entertainment, Inc. (PLAY) Downgraded by BidaskClub

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was downgraded by equities research analysts at BidaskClub from a “strong-buy” rating to a “buy” rating in a research note issued to investors on Saturday.

Other equities analysts also recently issued research reports about the stock. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a report on Tuesday, June 6th. Jefferies Group LLC reissued a “buy” rating and set a $65.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, March 29th. Maxim Group started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, March 20th. They set a “buy” rating and a $72.00 price target for the company. Wells Fargo & Company reissued an “outperform” rating and set a $78.00 price target (up previously from $75.00) on shares of Dave & Buster’s Entertainment in a report on Friday, June 9th. Finally, Canaccord Genuity boosted their price target on shares of Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a hold rating and eleven have assigned a buy rating to the stock. The stock currently has a consensus rating of “Buy” and an average target price of $73.78.

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

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) traded up 0.72% during mid-day trading on Friday, reaching $68.35. 701,047 shares of the company were exchanged. The company’s 50-day moving average is $67.14 and its 200 day moving average is $59.61. The firm has a market capitalization of $2.84 billion, a price-to-earnings ratio of 28.93 and a beta of 0.68. Dave & Buster’s Entertainment has a 12 month low of $37.60 and a 12 month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, June 8th. The restaurant operator reported $0.98 earnings per share for the quarter, beating the consensus estimate of $0.81 by $0.17. Dave & Buster’s Entertainment had a net margin of 9.78% and a return on equity of 22.71%. The firm had revenue of $304.15 million during the quarter, compared to analyst estimates of $299.77 million. During the same quarter in the previous year, the firm earned $0.72 earnings per share. The firm’s revenue for the quarter was up 16.1% compared to the same quarter last year. Analysts predict that Dave & Buster’s Entertainment will post $2.61 EPS for the current year.

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In related news, Director Alan J. Lacy sold 25,000 shares of the company’s stock in a transaction dated Thursday, April 6th. The shares were sold at an average price of $60.18, for a total value of $1,504,500.00. Following the completion of the sale, the director now owns 55,485 shares of the company’s stock, valued at $3,339,087.30. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP Jay L. Tobin sold 20,000 shares of the company’s stock in a transaction dated Thursday, March 30th. The stock was sold at an average price of $61.88, for a total transaction of $1,237,600.00. Following the completion of the sale, the senior vice president now directly owns 95,257 shares of the company’s stock, valued at approximately $5,894,503.16. The disclosure for this sale can be found here. In the last three months, insiders have sold 256,686 shares of company stock valued at $16,778,071. Corporate insiders own 5.60% of the company’s stock.

Large investors have recently bought and sold shares of the company. Tower Research Capital LLC TRC increased its stake in Dave & Buster’s Entertainment by 335.9% in the first quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,468 shares during the last quarter. Point72 Asia Hong Kong Ltd increased its stake in Dave & Buster’s Entertainment by 14,258.8% in the first quarter. Point72 Asia Hong Kong Ltd now owns 2,441 shares of the restaurant operator’s stock valued at $149,000 after buying an additional 2,424 shares during the last quarter. Point72 Asset Management L.P. increased its stake in Dave & Buster’s Entertainment by 7.8% in the first quarter. Point72 Asset Management L.P. now owns 991,900 shares of the restaurant operator’s stock valued at $60,595,000 after buying an additional 71,500 shares during the last quarter. Driehaus Capital Management LLC increased its stake in Dave & Buster’s Entertainment by 50.3% in the first quarter. Driehaus Capital Management LLC now owns 47,289 shares of the restaurant operator’s stock valued at $2,889,000 after buying an additional 15,824 shares during the last quarter. Finally, Caxton Associates LP bought a new stake in Dave & Buster’s Entertainment during the first quarter valued at $2,749,000.

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