Maxim Group reiterated their buy rating on shares of Dave & Buster's Entertainment (NASDAQ:PLAY) in a report released on Friday morning. Maxim Group currently has a $97.00 price target on the restaurant operator’s stock.

Several other analysts have also recently weighed in on PLAY. Zacks Investment Research cut shares of Dave & Buster's Entertainment from a buy rating to a hold rating in a research note on Monday, August 28th. BMO Capital Markets reiterated an outperform rating and issued a $70.00 price objective (down previously from $72.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Wells Fargo & Co reiterated an outperform rating and issued a $71.00 price objective (down previously from $78.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Canaccord Genuity reiterated a buy rating and issued a $72.00 price objective (down previously from $75.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, September 6th. Finally, Piper Jaffray Companies reiterated an overweight rating and issued a $69.00 price objective (down previously from $74.00) on shares of Dave & Buster's Entertainment in a research note on Friday, September 1st. One research analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company’s stock. The stock currently has an average rating of Buy and an average target price of $72.40.

Dave & Buster's Entertainment (NASDAQ:PLAY) traded up $0.03 during midday trading on Friday, hitting $55.58. 1,194,700 shares of the stock were exchanged, compared to its average volume of 880,815. The company has a current ratio of 0.38, a quick ratio of 0.26 and a debt-to-equity ratio of 0.70. The firm has a market cap of $2,260.57, a PE ratio of 21.30, a PEG ratio of 1.42 and a beta of 0.58. Dave & Buster's Entertainment has a one year low of $45.71 and a one year high of $73.48.

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

Dave & Buster's Entertainment declared that its Board of Directors has approved a stock repurchase plan on Friday, September 8th that permits the company to repurchase $100.00 million in shares. This repurchase authorization permits the restaurant operator to purchase up to 4.7% of its stock through open market purchases. Stock repurchase plans are often a sign that the company’s management believes its shares are undervalued.

In related news, CFO Brian Jenkins sold 10,000 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total transaction of $540,900.00. Following the sale, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $272,721.78. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP J Michael Plunkett sold 3,000 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The disclosure for this sale can be found here. Insiders sold a total of 19,000 shares of company stock valued at $1,024,540 over the last 90 days. Corporate insiders own 3.84% of the company’s stock.

Institutional investors have recently made changes to their positions in the stock. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in shares of Dave & Buster's Entertainment by 147.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after purchasing an additional 1,286 shares during the last quarter. Hillsdale Investment Management Inc. bought a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at $153,000. Aperio Group LLC bought a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at $202,000. Teacher Retirement System of Texas bought a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at $224,000. Finally, Advisors Asset Management Inc. boosted its stake in shares of Dave & Buster's Entertainment by 11.4% in the 2nd quarter. Advisors Asset Management Inc. now owns 3,382 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 347 shares during the last quarter.

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About Dave & Buster's Entertainment

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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