Dave & Buster's Entertainment (NASDAQ:PLAY) has been assigned a $87.00 price target by equities research analysts at SunTrust Banks in a research note issued on Friday. The firm presently has a “buy” rating on the restaurant operator’s stock. SunTrust Banks’ price objective points to a potential upside of 88.97% from the stock’s current price.

Several other analysts also recently weighed in on PLAY. BidaskClub downgraded shares of Dave & Buster's Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, January 10th. Maxim Group dropped their target price on shares of Dave & Buster's Entertainment from $97.00 to $83.00 and set a “buy” rating on the stock in a research report on Wednesday, January 10th. BMO Capital Markets boosted their target price on shares of Dave & Buster's Entertainment to $60.00 and gave the stock an “outperform” rating in a research report on Wednesday, January 10th. Wells Fargo & Co dropped their target price on shares of Dave & Buster's Entertainment from $66.00 to $60.00 and set an “outperform” rating on the stock in a research report on Tuesday, January 9th. Finally, Piper Jaffray Companies reaffirmed a “buy” rating and issued a $56.00 price objective on shares of Dave & Buster's Entertainment in a report on Tuesday, January 9th. One analyst has rated the stock with a sell rating, one has assigned a hold rating and ten have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $69.00.

Dave & Buster's Entertainment (NASDAQ PLAY) traded down $0.35 during trading hours on Friday, reaching $46.04. 1,304,500 shares of the company’s stock traded hands, compared to its average volume of 2,545,417. The stock has a market cap of $1,870.00, a P/E ratio of 17.57, a PEG ratio of 1.21 and a beta of 0.58. Dave & Buster's Entertainment has a 12 month low of $43.77 and a 12 month high of $73.48. The company has a debt-to-equity ratio of 0.70, a quick ratio of 0.26 and a current ratio of 0.38.

Dave & Buster's Entertainment (NASDAQ:PLAY) last released its earnings results on Thursday, December 7th. The restaurant operator reported $0.29 earnings per share for the quarter, topping the consensus estimate of $0.23 by $0.06. The company had revenue of $250.00 million for the quarter, compared to the consensus estimate 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 revenue was up 9.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.25 EPS. research analysts anticipate that Dave & Buster's Entertainment will post 2.58 earnings per share for the current fiscal year.

In other news, CFO Brian Jenkins sold 10,000 shares of the company’s stock in a transaction on Thursday, December 7th. The shares were sold at an average price of $54.09, for a total value 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction on Monday, December 11th. The shares were sold at an average price of $55.02, for a total transaction of $110,040.00. Following the completion of the sale, the senior vice president now directly owns 2,001 shares in the company, valued at $110,095.02. The disclosure for this sale can be found here. Insiders sold a total of 26,600 shares of company stock worth $1,478,448 over the last ninety days. Insiders own 3.84% of the company’s stock.

Several hedge funds have recently added to or reduced their stakes in PLAY. Pinebridge Investments L.P. boosted its holdings in Dave & Buster's Entertainment by 1.0% during the second quarter. Pinebridge Investments L.P. now owns 4,933 shares of the restaurant operator’s stock worth $328,000 after buying an additional 50 shares in the last quarter. JPMorgan Chase & Co. boosted its holdings in Dave & Buster's Entertainment by 0.6% during the second quarter. JPMorgan Chase & Co. now owns 13,637 shares of the restaurant operator’s stock worth $907,000 after buying an additional 79 shares in the last quarter. Ameritas Investment Partners Inc. boosted its holdings in Dave & Buster's Entertainment by 12.9% during the second quarter. Ameritas Investment Partners Inc. now owns 3,695 shares of the restaurant operator’s stock worth $246,000 after buying an additional 421 shares in the last quarter. Profund Advisors LLC boosted its holdings in Dave & Buster's Entertainment by 9.1% during the second quarter. Profund Advisors LLC now owns 7,195 shares of the restaurant operator’s stock worth $479,000 after buying an additional 600 shares in the last quarter. Finally, Amalgamated Bank boosted its holdings in Dave & Buster's Entertainment by 15.6% during the second quarter. Amalgamated Bank now owns 5,790 shares of the restaurant operator’s stock worth $385,000 after buying an additional 782 shares in 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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