Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by analysts at William Blair from an “outperform” rating to a “market perform” rating in a research report issued on Wednesday, Marketbeat Ratings reports. William Blair also issued estimates for Dave & Buster’s Entertainment’s Q3 2020 earnings at ($0.03) EPS, Q4 2020 earnings at $0.67 EPS, FY2020 earnings at $2.76 EPS and FY2021 earnings at $3.01 EPS.

PLAY has been the subject of a number of other reports. SunTrust Banks lowered their price objective on Dave & Buster’s Entertainment from $47.00 to $45.00 and set a “hold” rating for the company in a research note on Thursday, September 5th. TheStreet downgraded Dave & Buster’s Entertainment from a “b” rating to a “c+” rating in a research note on Friday, June 21st. Maxim Group lowered their price objective on Dave & Buster’s Entertainment from $62.00 to $55.00 and set a “buy” rating for the company in a research note on Friday, September 6th. Piper Jaffray Companies lowered their price objective on Dave & Buster’s Entertainment from $64.00 to $55.00 and set an “overweight” rating for the company in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and lowered their price objective for the stock from $56.00 to $40.00 in a research note on Tuesday, July 2nd. One research analyst has rated the stock with a sell rating, nine have issued a hold rating and five have assigned a buy rating to the company’s stock. The stock has a consensus rating of “Hold” and a consensus target price of $48.48.

PLAY traded up $0.45 during trading on Wednesday, reaching $41.55. 29,032 shares of the company were exchanged, compared to its average volume of 901,499. The stock has a market cap of $1.52 billion, a P/E ratio of 14.19, a PEG ratio of 0.99 and a beta of 0.86. The firm has a 50 day moving average of $40.47 and a 200 day moving average of $46.65. The company has a current ratio of 0.28, a quick ratio of 0.17 and a debt-to-equity ratio of 4.17. Dave & Buster’s Entertainment has a 52 week low of $37.21 and a 52 week high of $67.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $0.90 EPS for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. The firm had revenue of $344.60 million during the quarter, compared to the consensus estimate of $345.27 million. Dave & Buster’s Entertainment had a return on equity of 29.68% and a net margin of 8.78%. As a group, analysts forecast that Dave & Buster’s Entertainment will post 2.95 earnings per share for the current fiscal year.

In other news, Director Michael J. Griffith acquired 5,000 shares of the business’s stock in a transaction dated Tuesday, July 2nd. The stock was acquired at an average price of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the acquisition, the director now directly owns 16,327 shares in the company, valued at approximately $641,977.64. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Also, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction on Monday, June 17th. The shares were sold at an average price of $39.94, for a total value of $299,550.00. Following the completion of the sale, the senior vice president now owns 21,319 shares of the company’s stock, valued at approximately $851,480.86. The disclosure for this sale can be found here. Insiders own 3.70% of the company’s stock.

Several institutional investors have recently made changes to their positions in the company. Oregon Public Employees Retirement Fund lifted its holdings in shares of Dave & Buster’s Entertainment by 1.8% in the first quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock valued at $750,000 after buying an additional 272 shares during the period. Mason Street Advisors LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 2.9% in the first quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock valued at $619,000 after buying an additional 352 shares during the period. Piedmont Investment Advisors Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 4.8% in the first quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock valued at $484,000 after buying an additional 441 shares during the period. Aperio Group LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 11.1% in the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock valued at $185,000 after buying an additional 457 shares during the period. Finally, State of Tennessee Treasury Department lifted its holdings in shares of Dave & Buster’s Entertainment by 0.6% in the first quarter. State of Tennessee Treasury Department now owns 114,135 shares of the restaurant operator’s stock valued at $5,691,000 after buying an additional 637 shares during the period.

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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