Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lowered by Piper Jaffray Companies from $64.00 to $55.00 in a research report report published on Wednesday, The Fly reports. The firm currently has an overweight rating on the restaurant operator’s stock. Piper Jaffray Companies also issued estimates for Dave & Buster’s Entertainment’s FY2020 earnings at $3.05 EPS and Q1 2021 earnings at $1.35 EPS.
Several other research firms have also recently weighed in on PLAY. Maxim Group reissued a buy rating and issued a $67.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Tuesday, June 4th. BidaskClub raised Dave & Buster’s Entertainment from a hold rating to a buy rating in a report on Tuesday, April 30th. SunTrust Banks lowered their target price on Dave & Buster’s Entertainment to $61.00 and set a buy rating for the company in a research note on Tuesday, March 5th. Gordon Haskett lowered Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $41.70 target price for the company. in a research note on Wednesday. Finally, Wells Fargo & Co lowered Dave & Buster’s Entertainment from an outperform rating to a market perform rating and set a $48.00 price objective for the company. in a research report on Tuesday. Three analysts have rated the stock with a sell rating, three have assigned a hold rating and eight have issued a buy rating to the company’s stock. The company currently has a consensus rating of Hold and a consensus target price of $56.70.
Shares of NASDAQ PLAY opened at $40.00 on Wednesday. Dave & Buster’s Entertainment has a twelve month low of $39.46 and a twelve month high of $67.05. The company has a debt-to-equity ratio of 0.98, a current ratio of 0.37 and a quick ratio of 0.26. The stock has a market capitalization of $1.89 billion, a price-to-earnings 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 posted its quarterly earnings data on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing analysts’ consensus estimates of $1.14 by ($0.01). The firm had revenue of $363.58 million for the quarter, compared to analysts’ expectations of $371.72 million. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 28.11%. Dave & Buster’s Entertainment’s quarterly revenue was up 9.5% compared to the same quarter last year. During the same period in the prior year, the company posted $1.04 earnings per share. On average, equities research analysts forecast that Dave & Buster’s Entertainment will post 3.06 EPS for the current year.
In related news, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction that occurred on Friday, March 15th. The stock was sold at an average price of $48.37, for a total value of $362,775.00. Following the transaction, the senior vice president now directly owns 17,004 shares of the company’s stock, valued at approximately $822,483.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP J Michael Plunkett sold 4,000 shares of the company’s stock in a transaction that occurred on Monday, April 1st. The shares were sold at an average price of $50.36, for a total value of $201,440.00. Following the completion of the transaction, the senior vice president now directly owns 4,001 shares in the company, valued at $201,490.36. The disclosure for this sale can be found here. Insiders sold a total of 40,635 shares of company stock worth $2,185,020 over the last ninety days. 3.70% of the stock is currently owned by insiders.
A number of hedge funds have recently added to or reduced their stakes in the stock. Stormborn Capital Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at $86,000. Valeo Financial Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at $55,000. Advisor Group Inc. lifted its holdings in shares of 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 valued at $129,000 after buying an additional 320 shares during the period. Quantamental Technologies LLC raised its holdings in Dave & Buster’s Entertainment by 57.5% in the 1st quarter. Quantamental Technologies LLC now owns 2,971 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 1,085 shares during the period. Finally, Buffington Mohr McNeal bought a new position in Dave & Buster’s Entertainment in the 1st quarter worth $155,000.
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 entrÃ©es 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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