BidaskClub upgraded shares of Dave & Buster’s (NASDAQ:PLAY) from a sell rating to a hold rating in a report published on Tuesday, April 10th.
Other equities research analysts have also recently issued research reports about the company. Maxim Group reaffirmed a buy rating and set a $97.00 target price on shares of Dave & Buster’s in a research report on Friday, December 22nd. Canaccord Genuity reissued a buy rating and issued a $60.00 price objective (down from $70.00) on shares of Dave & Buster’s in a research report on Thursday, March 29th. SunTrust Banks set a $70.00 target price on Dave & Buster’s and gave the company a buy rating in a research note on Wednesday, March 7th. Piper Jaffray restated a buy rating and issued a $56.00 target price on shares of Dave & Buster’s in a research note on Tuesday, January 9th. Finally, Zacks Investment Research upgraded Dave & Buster’s from a sell rating to a hold rating in a research note 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. The company currently has a consensus rating of Buy and a consensus price target of $61.10.
NASDAQ PLAY opened at $42.68 on Tuesday. The stock has a market cap of $1,686.62, a price-to-earnings ratio of 17.15, a P/E/G ratio of 1.09 and a beta of 0.44. Dave & Buster’s has a 1 year low of $37.85 and a 1 year high of $73.48. The company has a debt-to-equity ratio of 0.83, a quick ratio of 0.32 and a current ratio of 0.46.
Dave & Buster’s (NASDAQ:PLAY) last issued its earnings results on Tuesday, April 3rd. The restaurant operator reported $0.61 earnings per share for the quarter, beating analysts’ consensus estimates of $0.60 by $0.01. Dave & Buster’s had a return on equity of 24.67% and a net margin of 10.61%. The company had revenue of $304.90 million for the quarter, compared to the consensus estimate of $304.82 million. During the same quarter in the prior year, the company earned $0.63 EPS. The firm’s quarterly revenue was up 12.8% on a year-over-year basis. sell-side analysts expect that Dave & Buster’s will post 2.64 earnings per share for the current year.
In other news, SVP J Michael Plunkett sold 2,000 shares of Dave & Buster’s stock in a transaction dated Wednesday, February 7th. The stock was sold at an average price of $46.60, for a total transaction of $93,200.00. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 3.84% of the company’s stock.
Several large investors have recently bought and sold shares of PLAY. We Are One Seven LLC acquired a new position in shares of Dave & Buster’s during the 4th quarter worth approximately $131,000. KBC Group NV bought a new stake in shares of Dave & Buster’s during the 4th quarter valued at $172,000. Fortaleza Asset Management Inc. lifted its position in shares of Dave & Buster’s by 97.6% during the 4th quarter. Fortaleza Asset Management Inc. now owns 3,645 shares of the restaurant operator’s stock valued at $201,000 after acquiring an additional 1,800 shares during the period. First Republic Investment Management Inc. bought a new stake in shares of Dave & Buster’s during the 3rd quarter valued at $203,000. Finally, AMP Capital Investors Ltd bought a new stake in shares of Dave & Buster’s during the 4th quarter valued at $275,000.
Dave & Buster’s Company Profile
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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