Dave & Buster's Entertainment (PLAY) Price Target Raised to $95.00 at SunTrust Banks

Dave & Buster's Entertainment (NASDAQ:PLAY) had its price target raised by SunTrust Banks to $95.00 in a research report sent to investors on Wednesday. SunTrust Banks currently has an in-line rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.31 EPS and FY2020 earnings at $3.96 EPS.

A number of other brokerages have also recently commented on PLAY. BMO Capital Markets restated an outperform rating and set a $70.00 target price (down from $72.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Maxim Group restated a buy rating and set a $78.00 target price on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Wells Fargo & Co restated an outperform rating and set a $71.00 target price (down from $78.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Canaccord Genuity restated a buy rating and set a $72.00 target price (down from $75.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Finally, BidaskClub upgraded Dave & Buster's Entertainment from a sell rating to a hold rating in a report on Friday, December 29th. Three investment analysts have rated the stock with a hold rating and nine have issued a buy rating to the stock. The stock currently has an average rating of Buy and an average price target of $73.90.

Shares of Dave & Buster's Entertainment (NASDAQ PLAY) traded down $1.00 during trading on Wednesday, reaching $56.37. The company had a trading volume of 1,330,000 shares, compared to its average volume of 1,440,000. Dave & Buster's Entertainment has a 12 month low of $45.71 and a 12 month high of $73.48. The stock has a market cap of $2,290.00, a PE ratio of 21.52, a price-to-earnings-growth ratio of 1.44 and a beta of 0.58. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70.

Dave & Buster's Entertainment (NASDAQ:PLAY) last announced its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, beating analysts’ consensus estimates of $0.23 by $0.06. Dave & Buster's Entertainment had a return on equity of 24.82% and a net margin of 10.20%. The company had revenue of $250.00 million during the quarter, compared to analysts’ expectations of $255.70 million. During the same period last year, the business posted $0.25 EPS. Dave & Buster's Entertainment’s revenue for the quarter was up 9.3% on a year-over-year basis. equities research analysts anticipate that Dave & Buster's Entertainment will post 2.65 EPS for the current year.

In other news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, December 11th. The stock was sold at an average price of $55.02, for a total value of $110,040.00. Following the completion of the transaction, the senior vice president now owns 2,001 shares in the company, valued at approximately $110,095.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, CFO Brian Jenkins sold 10,000 shares of Dave & Buster's Entertainment stock in a transaction dated Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value of $540,900.00. Following the completion of the transaction, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $272,721.78. The disclosure for this sale can be found here. Insiders sold a total of 17,200 shares of company stock valued at $939,640 in the last quarter. Company insiders own 3.84% of the company’s stock.

Several institutional investors and hedge funds have recently made changes to their positions in PLAY. Mackenzie Financial Corp boosted its stake in shares of Dave & Buster's Entertainment by 414.8% in the 3rd quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock valued at $60,458,000 after buying an additional 928,227 shares during the period. Rice Hall James & Associates LLC boosted its stake in shares of Dave & Buster's Entertainment by 157.3% in the 3rd quarter. Rice Hall James & Associates LLC now owns 463,477 shares of the restaurant operator’s stock valued at $24,323,000 after buying an additional 283,355 shares during the period. BlackRock Inc. boosted its stake in shares of Dave & Buster's Entertainment by 3.2% in the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after buying an additional 141,356 shares during the period. UBS Asset Management Americas Inc. raised its position in shares of Dave & Buster's Entertainment by 841.9% during the 2nd quarter. UBS Asset Management Americas Inc. now owns 154,202 shares of the restaurant operator’s stock worth $10,256,000 after acquiring an additional 137,830 shares in the last quarter. Finally, Thompson Siegel & Walmsley LLC acquired a new stake in shares of Dave & Buster's Entertainment during the 3rd quarter worth about $5,750,000.

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Dave & Buster's Entertainment Company Profile

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 Entertainment (NASDAQ:PLAY)

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