Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective decreased by research analysts at Wells Fargo & Co from $46.00 to $40.00 in a research note issued to investors on Wednesday, The Fly reports. The brokerage currently has a “market perform” rating on the restaurant operator’s stock. Wells Fargo & Co‘s price target suggests a potential downside of 3.89% from the stock’s previous close.

Other equities research analysts have also recently issued reports about the company. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, June 12th. Jefferies Financial Group cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the stock from $56.00 to $40.00 in a research note on Tuesday, July 2nd. Gordon Haskett cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $41.70 price target on the stock. in a research note on Wednesday, June 12th. ValuEngine downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, June 12th. Finally, William Blair downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a report on Wednesday. One analyst has rated the stock with a sell rating, nine have issued a hold rating and five have issued a buy rating to the stock. Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and a consensus price target of $48.48.

Shares of PLAY traded up $0.52 during mid-day trading on Wednesday, hitting $41.62. 28,010 shares of the company’s stock traded hands, compared to its average volume of 901,499. The company has a quick ratio of 0.17, a current ratio of 0.28 and a debt-to-equity ratio of 4.17. Dave & Buster’s Entertainment has a 1 year low of $37.21 and a 1 year high of $67.05. The firm has a market capitalization of $1.52 billion, a P/E ratio of 14.19, a PEG ratio of 0.99 and a beta of 0.86. The business’s 50-day moving average price is $40.47 and its 200-day moving average price is $46.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.86 by $0.04. The company had revenue of $344.60 million for the quarter, compared to analysts’ expectations of $345.27 million. Dave & Buster’s Entertainment had a return on equity of 29.68% and a net margin of 8.78%. Sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.95 earnings per share for the current fiscal year.

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith purchased 5,000 shares of the stock in a transaction dated Tuesday, July 2nd. The shares were purchased at an average cost of $39.32 per share, with a total value 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 transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, SVP John Mulleady sold 7,500 shares of the stock in a transaction dated 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 transaction, the senior vice president now directly owns 21,319 shares in the company, valued at approximately $851,480.86. The disclosure for this sale can be found here. Corporate insiders own 3.70% of the company’s stock.

Hedge funds have recently bought and sold shares of the business. DekaBank Deutsche Girozentrale bought a new position in Dave & Buster’s Entertainment in the second quarter valued at about $36,000. Meeder Asset Management Inc. increased its position in Dave & Buster’s Entertainment by 639.8% in the second quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock worth $75,000 after buying an additional 1,606 shares in the last quarter. Magnus Financial Group LLC purchased a new stake in Dave & Buster’s Entertainment in the first quarter worth about $215,000. Campbell & CO Investment Adviser LLC purchased a new stake in Dave & Buster’s Entertainment in the first quarter worth about $217,000. Finally, Aperio Group LLC increased its position in 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 worth $185,000 after buying an additional 457 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.

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The Fly

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

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