Dave & Buster’s (NASDAQ:PLAY) Upgraded to “Hold” by BidaskClub

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.

How to Become a New Pot Stock Millionaire

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.

TRADEMARK VIOLATION NOTICE: “Dave & Buster’s (NASDAQ:PLAY) Upgraded to “Hold” by BidaskClub” was originally published by The Lincolnian Online and is the property of of The Lincolnian Online. If you are reading this piece on another website, it was illegally stolen and republished in violation of US & international copyright & trademark laws. The legal version of this piece can be read at https://www.thelincolnianonline.com/2018/04/20/dave-busters-play-upgraded-at-bidaskclub.html.

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.

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