Dave & Buster’s Entertainment (PLAY) Given New $70.00 Price Target at BMO Capital Markets

Share on StockTwits

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target raised by investment analysts at BMO Capital Markets to $70.00 in a research note issued on Monday, September 17th, Marketbeat.com reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price indicates a potential upside of 14.04% from the company’s current price.

Several other brokerages also recently weighed in on PLAY. Canaccord Genuity increased their price target on Dave & Buster’s Entertainment from $60.00 to $65.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Raymond James increased their price target on Dave & Buster’s Entertainment from $52.50 to $60.00 and gave the stock a “buy” rating in a report on Tuesday, June 12th. Maxim Group increased their price target on Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the stock a “buy” rating in a report on Monday, May 21st. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $54.00 price target for the company in a report on Tuesday, July 17th. Finally, BidaskClub raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Wednesday, August 15th. Twelve analysts have rated the stock with a buy rating and one has issued a strong buy rating to the stock. The stock presently has an average rating of “Buy” and an average price target of $70.50.

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

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Friday, September 14th. The restaurant operator reported $0.84 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.67 by $0.17. The business had revenue of $319.20 million during the quarter, compared to the consensus estimate of $311.85 million. Dave & Buster’s Entertainment had a return on equity of 26.34% and a net margin of 10.26%. The company’s revenue was up 13.7% compared to the same quarter last year. During the same period in the prior year, the company earned $0.59 earnings per share. Research analysts predict that Dave & Buster’s Entertainment will post 2.75 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, Director Stephen M. King sold 30,000 shares of the firm’s stock in a transaction on Wednesday, September 19th. The stock was sold at an average price of $64.49, for a total value of $1,934,700.00. Following the completion of the sale, the director now owns 20,556 shares of the company’s stock, valued at $1,325,656.44. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, COO Margo Lynn Manning sold 10,000 shares of the firm’s stock in a transaction on Monday, October 1st. The shares were sold at an average price of $65.63, for a total value of $656,300.00. Following the completion of the sale, the chief operating officer now directly owns 18,563 shares of the company’s stock, valued at approximately $1,218,289.69. The disclosure for this sale can be found here. In the last three months, insiders sold 168,600 shares of company stock valued at $10,349,665. 3.40% of the stock is owned by corporate insiders.

A number of institutional investors have recently added to or reduced their stakes in PLAY. Signition LP acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $208,000. GSA Capital Partners LLP purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $228,000. Violich Capital Management Inc. purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $252,000. Trexquant Investment LP purchased a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at $259,000. Finally, Profund Advisors LLC increased its position in shares of Dave & Buster’s Entertainment by 28.4% in the first quarter. Profund Advisors LLC now owns 8,048 shares of the restaurant operator’s stock valued at $336,000 after buying an additional 1,782 shares in the last quarter.

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 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.

Featured Story: Technical Analysis of Stocks, How Can It Help

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

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply