BidaskClub Downgrades Dave & Buster’s Entertainment (NASDAQ:PLAY) to Hold

Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by BidaskClub from a “buy” rating to a “hold” rating in a research note issued on Saturday, BidAskClub reports.

A number of other research firms also recently issued reports on PLAY. ValuEngine raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, October 2nd. SunTrust Banks decreased their target price on Dave & Buster’s Entertainment from $45.00 to $41.00 and set a “hold” rating for the company in a research report on Wednesday, September 11th. Raymond James downgraded Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday, September 11th. Jefferies Financial Group downgraded Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and decreased their target price for the stock from $56.00 to $40.00 in a research report on Tuesday, July 2nd. Finally, Piper Jaffray Companies decreased their target price on Dave & Buster’s Entertainment from $55.00 to $40.00 and set an “overweight” rating for the company in a research report on Wednesday, September 11th. Twelve research analysts have rated the stock with a hold rating and three have given a buy rating to the stock. The company has an average rating of “Hold” and a consensus price target of $46.81.

NASDAQ:PLAY traded down $0.59 during trading hours on Friday, reaching $38.77. The stock had a trading volume of 697,157 shares, compared to its average volume of 1,094,113. The company has a debt-to-equity ratio of 6.73, a quick ratio of 0.20 and a current ratio of 0.30. The stock has a 50 day simple moving average of $40.70 and a 200 day simple moving average of $45.29. Dave & Buster’s Entertainment has a 12-month low of $37.21 and a 12-month high of $63.18. The stock has a market cap of $1.20 billion, a P/E ratio of 13.23, a price-to-earnings-growth ratio of 0.94 and a beta of 0.84.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, topping the Zacks’ consensus estimate of $0.86 by $0.04. Dave & Buster’s Entertainment had a return on equity of 32.64% and a net margin of 8.78%. The business had revenue of $344.60 million during the quarter, compared to the consensus estimate of $345.27 million. On average, equities analysts expect that Dave & Buster’s Entertainment will post 2.81 earnings per share for the current fiscal year.

Hedge funds and other institutional investors have recently made changes to their positions in the company. Nordea Investment Management AB grew its position in shares of Dave & Buster’s Entertainment by 3.2% in the first quarter. Nordea Investment Management AB now owns 75,283 shares of the restaurant operator’s stock valued at $3,755,000 after purchasing an additional 2,311 shares in the last quarter. Sarasin & Partners LLP grew its position in shares of Dave & Buster’s Entertainment by 11.1% in the second quarter. Sarasin & Partners LLP now owns 300,000 shares of the restaurant operator’s stock valued at $12,141,000 after purchasing an additional 30,000 shares in the last quarter. State of Wisconsin Investment Board grew its position in shares of Dave & Buster’s Entertainment by 41.2% in the first quarter. State of Wisconsin Investment Board now owns 211,800 shares of the restaurant operator’s stock valued at $10,562,000 after purchasing an additional 61,800 shares in the last quarter. Man Group plc grew its position in shares of Dave & Buster’s Entertainment by 512.4% in the second quarter. Man Group plc now owns 426,553 shares of the restaurant operator’s stock valued at $17,261,000 after purchasing an additional 356,896 shares in the last quarter. Finally, Schroder Investment Management Group purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $9,830,000.

Dave & Buster’s Entertainment Company Profile

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

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