Dave & Buster’s Entertainment (PLAY) Given a $70.00 Price Target at Raymond James

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Raymond James set a $70.00 price objective on Dave & Buster’s Entertainment (NASDAQ:PLAY) in a research note issued to investors on Monday, September 17th. The firm currently has a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also recently commented on PLAY. Maxim Group lifted their target price on Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the company a buy rating in a research note on Monday, May 21st. Zacks Investment Research cut Dave & Buster’s Entertainment from a hold rating to a sell rating in a research note on Tuesday, June 5th. BidaskClub upgraded Dave & Buster’s Entertainment from a strong sell rating to a sell rating in a research report on Thursday, June 7th. Piper Jaffray Companies reiterated an overweight rating and set a $56.00 target price on shares of Dave & Buster’s Entertainment in a report on Tuesday, June 12th. Finally, BMO Capital Markets lifted their target price on Dave & Buster’s Entertainment from $49.00 to $64.00 and gave the stock a buy rating in a report on Tuesday, June 12th. Twelve investment analysts have rated the stock with a buy rating and one has assigned a strong buy rating to the stock. The company currently has a consensus rating of Buy and an average target price of $70.50.

PLAY stock traded up $0.95 during midday trading on Monday, reaching $61.38. 917,211 shares of the company’s stock traded hands, compared to its average volume of 1,190,955. Dave & Buster’s Entertainment has a 1-year low of $37.85 and a 1-year high of $67.05. The stock has a market capitalization of $2.57 billion, a price-to-earnings ratio of 23.61, a P/E/G ratio of 1.63 and a beta of 0.48. The company has a debt-to-equity ratio of 0.79, a current ratio of 0.47 and a quick ratio of 0.36.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.67 by $0.17. The firm had revenue of $319.20 million during the quarter, compared to analysts’ expectations of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The business’s revenue was up 13.7% on a year-over-year basis. During the same period last year, the firm posted $0.59 EPS. On average, equities analysts expect that Dave & Buster’s Entertainment will post 2.75 earnings per share for the current fiscal year.

The business also recently announced a special dividend, which was paid on Wednesday, October 10th. Investors of record on Tuesday, September 25th were given a $0.15 dividend. The ex-dividend date was Monday, September 24th. Dave & Buster’s Entertainment’s dividend payout ratio is currently 23.08%.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction that occurred on Monday, October 1st. The stock was sold at an average price of $65.63, for a total transaction of $656,300.00. Following the transaction, the chief operating officer now owns 18,563 shares of the company’s stock, valued at $1,218,289.69. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Stephen M. King sold 90,000 shares of the business’s stock in a transaction that occurred on Monday, September 17th. The stock was sold at an average price of $61.87, for a total value of $5,568,300.00. Following the transaction, the director now directly owns 80,691 shares in the company, valued at approximately $4,992,352.17. The disclosure for this sale can be found here. In the last ninety days, insiders sold 168,600 shares of company stock worth $10,349,665. 3.40% of the stock is owned by company insiders.

Several institutional investors have recently bought and sold shares of PLAY. BlackRock Inc. grew its position in shares of Dave & Buster’s Entertainment by 42.4% in the first quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock valued at $306,465,000 after purchasing an additional 2,186,997 shares during the last quarter. Summit Trail Advisors LLC grew its position in shares of Dave & Buster’s Entertainment by 4,869.8% in the first quarter. Summit Trail Advisors LLC now owns 1,257,469 shares of the restaurant operator’s stock valued at $1,257,000 after purchasing an additional 1,232,167 shares during the last quarter. Millennium Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $24,305,000. Sapience Investments LLC acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $14,872,000. Finally, Interval Partners LP acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at approximately $12,524,000.

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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