BidaskClub Downgrades Dave & Buster’s Entertainment (NASDAQ:PLAY) to Sell

Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by equities researchers at BidaskClub from a “hold” rating to a “sell” rating in a report released on Tuesday, BidAskClub reports.

A number of other analysts also recently issued reports on PLAY. Maxim Group lifted their price target on shares of Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the company a “buy” rating in a report on Wednesday, April 3rd. Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Monday, February 11th. Wells Fargo & Co boosted their target price on shares of Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the stock an “outperform” rating in a report on Wednesday, April 3rd. BMO Capital Markets restated an “outperform” rating and issued a $66.00 target price (up from $62.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, April 3rd. Finally, SunTrust Banks reduced their target price on shares of Dave & Buster’s Entertainment to $61.00 and set a “buy” rating on the stock in a report on Tuesday, March 5th. Three research analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have assigned a buy rating to the company. The company presently has a consensus rating of “Hold” and a consensus price target of $56.70.

Shares of NASDAQ PLAY opened at $40.00 on Tuesday. 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 $1.80 billion, a price-to-earnings ratio of 13.65, a P/E/G ratio of 1.08 and a beta of 1.12. Dave & Buster’s Entertainment has a 52-week low of $39.46 and a 52-week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The company had revenue of $363.58 million during the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.26% and a return on equity of 27.71%. The business’s revenue was up 9.5% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.04 earnings per share. On average, equities analysts forecast that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

In related news, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $57.30, for a total transaction of $573,000.00. Following the completion of the transaction, the chief operating officer now directly owns 23,960 shares of the company’s stock, valued at approximately $1,372,908. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Stephen M. King sold 10,935 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, April 5th. The stock was sold at an average price of $54.69, for a total transaction of $598,035.15. Following the transaction, the director now directly owns 43,186 shares of the company’s stock, valued at $2,361,842.34. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 40,635 shares of company stock worth $2,185,020. Insiders own 3.70% of the company’s stock.

A number of institutional investors have recently added to or reduced their stakes in the business. Marshall Wace LLP raised its stake in shares of Dave & Buster’s Entertainment by 2.7% during the 1st quarter. Marshall Wace LLP now owns 276,095 shares of the restaurant operator’s stock worth $13,769,000 after acquiring an additional 7,321 shares in the last quarter. Nordea Investment Management AB increased its stake in Dave & Buster’s Entertainment by 3.2% during the 1st quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after purchasing an additional 2,311 shares in the last quarter. Macquarie Group Ltd. increased its stake in Dave & Buster’s Entertainment by 2.7% during the 1st quarter. Macquarie Group Ltd. now owns 39,001 shares of the restaurant operator’s stock valued at $1,945,000 after purchasing an additional 1,025 shares in the last quarter. Goldman Sachs Group Inc. increased its stake in Dave & Buster’s Entertainment by 1.5% during the 1st quarter. Goldman Sachs Group Inc. now owns 408,103 shares of the restaurant operator’s stock valued at $20,352,000 after purchasing an additional 5,972 shares in the last quarter. Finally, Oxford Asset Management LLP acquired a new position in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $1,726,000.

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.

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

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