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.
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.
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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.
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