Dave & Buster’s Entertainment (PLAY) Downgraded to “Sell” at BidaskClub

BidaskClub lowered shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a hold rating to a sell rating in a report released on Tuesday, BidAskClub reports.

Several other equities analysts also recently commented on the company. Wells Fargo & Co upped their price objective on Dave & Buster’s Entertainment from $59.00 to $60.00 and gave the company an outperform rating in a research note on Wednesday, April 3rd. Maxim Group increased their target price on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a buy rating in a research report on Wednesday, April 3rd. BMO Capital Markets restated an outperform rating and set a $66.00 target price (up previously from $62.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, April 3rd. SunTrust Banks dropped their target price on Dave & Buster’s Entertainment to $61.00 and set a buy rating on the stock in a research report on Tuesday, March 5th. Finally, Zacks Investment Research downgraded Dave & Buster’s Entertainment from a hold rating to a sell rating in a research report on Monday, February 11th. Two equities research analysts have rated the stock with a sell rating and twelve have assigned a buy rating to the company. The company currently has an average rating of Buy and a consensus target price of $65.00.

Dave & Buster’s Entertainment stock opened at $49.63 on Tuesday. Dave & Buster’s Entertainment has a 12 month low of $37.98 and a 12 month high of $67.05. The company has a current ratio of 0.37, a quick ratio of 0.26 and a debt-to-equity ratio of 0.98. The company has a market capitalization of $1.79 billion, a P/E ratio of 16.94, a PEG ratio of 1.08 and a beta of 1.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $0.75 EPS for the quarter, beating the consensus estimate of $0.63 by $0.12. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The business had revenue of $331.80 million for the quarter, compared to the consensus estimate of $324.90 million. During the same quarter in the prior year, the business earned $0.61 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was up 8.8% on a year-over-year basis. On average, analysts predict that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current year.

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 10th. Shareholders of record on Tuesday, March 26th were given a dividend of $0.15 per share. The ex-dividend date was Monday, March 25th. This represents a $0.60 annualized dividend and a dividend yield of 1.21%. Dave & Buster’s Entertainment’s dividend payout ratio is currently 20.48%.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 4,000 shares of the stock in a transaction on Monday, April 1st. The stock was sold at an average price of $50.36, for a total transaction of $201,440.00. Following the sale, the senior vice president now owns 4,001 shares in the company, valued at $201,490.36. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Stephen M. King sold 10,935 shares of the company’s stock in a transaction on Friday, April 5th. The stock was sold at an average price of $54.69, for a total transaction of $598,035.15. Following the completion of the transaction, the director now directly owns 43,186 shares in the company, valued at approximately $2,361,842.34. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 30,635 shares of company stock worth $1,612,020. Company insiders own 3.40% of the company’s stock.

Several institutional investors have recently added to or reduced their stakes in the company. Valeo Financial Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment in the first quarter worth $55,000. Geode Capital Management LLC increased its holdings in shares of Dave & Buster’s Entertainment by 5.9% in the fourth quarter. Geode Capital Management LLC now owns 444,018 shares of the restaurant operator’s stock worth $19,785,000 after purchasing an additional 24,720 shares during the period. Norges Bank bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $20,753,000. FMR LLC increased its holdings in shares of Dave & Buster’s Entertainment by 10,799.0% in the fourth quarter. FMR LLC now owns 22,452 shares of the restaurant operator’s stock worth $1,000,000 after purchasing an additional 22,246 shares during the period. Finally, Amalgamated Bank bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $279,000.

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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