Dave & Buster’s (PLAY) Rating Lowered to Sell at BidaskClub

Dave & Buster’s (NASDAQ:PLAY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.

Other research analysts also recently issued reports about the company. Maxim Group restated a “buy” rating and set a $97.00 price objective on shares of Dave & Buster’s in a research note on Friday, December 22nd. Canaccord Genuity reiterated a “buy” rating and set a $60.00 price target (down previously from $70.00) on shares of Dave & Buster’s in a research report on Thursday, March 29th. SunTrust Banks set a $70.00 price target on Dave & Buster’s and gave the stock a “buy” rating in a research report on Wednesday, March 7th. Piper Jaffray reiterated a “buy” rating and set a $56.00 price target on shares of Dave & Buster’s in a research report on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Dave & Buster’s from a “sell” rating to a “hold” rating in a research report on Friday, April 6th. Two equities research analysts have rated the stock with a sell rating, one has issued a hold rating and nine have issued a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average price target of $61.10.

How to Become a New Pot Stock Millionaire

Shares of PLAY opened at $42.52 on Thursday. The firm has a market cap of $1,695.74, a P/E ratio of 16.35, a P/E/G ratio of 1.09 and a beta of 0.44. The company has a quick ratio of 0.32, a current ratio of 0.46 and a debt-to-equity ratio of 0.83. Dave & Buster’s has a 12 month low of $37.85 and a 12 month high of $73.48.

Dave & Buster’s (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, April 3rd. The restaurant operator reported $0.61 EPS for the quarter, topping the Zacks’ consensus estimate of $0.60 by $0.01. The firm had revenue of $304.90 million during the quarter, compared to the consensus estimate of $304.82 million. Dave & Buster’s had a return on equity of 24.67% and a net margin of 10.61%. The firm’s revenue was up 12.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.63 EPS. equities analysts forecast that Dave & Buster’s will post 2.64 earnings per share for the current fiscal year.

In other Dave & Buster’s news, SVP J Michael Plunkett sold 2,000 shares of the business’s stock in a transaction on Wednesday, February 7th. The stock was sold at an average price of $46.60, for a total transaction of $93,200.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 3.84% of the company’s stock.

Several institutional investors have recently made changes to their positions in PLAY. Carillon Tower Advisers Inc. acquired a new stake in shares of Dave & Buster’s in the fourth quarter valued at $33,953,000. Hexavest Inc. acquired a new stake in shares of Dave & Buster’s in the fourth quarter valued at $33,396,000. William Blair Investment Management LLC acquired a new stake in shares of Dave & Buster’s in the fourth quarter valued at $27,806,000. Mackenzie Financial Corp lifted its holdings in shares of Dave & Buster’s by 34.1% in the fourth quarter. Mackenzie Financial Corp now owns 1,545,103 shares of the restaurant operator’s stock valued at $85,243,000 after buying an additional 393,087 shares during the period. Finally, Rice Hall James & Associates LLC lifted its holdings in shares of Dave & Buster’s by 74.4% in the fourth quarter. Rice Hall James & Associates LLC now owns 808,525 shares of the restaurant operator’s stock valued at $44,606,000 after buying an additional 345,048 shares during the period.

ILLEGAL ACTIVITY WARNING: “Dave & Buster’s (PLAY) Rating Lowered to Sell at BidaskClub” was originally posted by The Lincolnian Online and is owned by of The Lincolnian Online. If you are accessing this story on another domain, it was stolen and republished in violation of international copyright and trademark legislation. The legal version of this story can be viewed at https://www.thelincolnianonline.com/2018/04/19/dave-busters-play-rating-lowered-to-sell-at-bidaskclub.html.

About Dave & Buster’s

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 (NASDAQ:PLAY)

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

Leave a Reply