Trading Report: The Dave & Buster’s Entertainment Inc. (PLAY) Upgraded to “Buy” at TheStreet

The Dave & Buster’s Entertainment Inc. (PLAY) Upgraded to “Buy” at TheStreet

TheStreet upgraded shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) from a hold rating to a buy rating in a research note issued to investors on Monday.

Several other analysts also recently issued reports on the company. Zacks Investment Research downgraded Dave & Buster’s Entertainment from a strong-buy rating to a sell rating in a report on Wednesday, August 10th. BMO Capital Markets reissued a buy rating and issued a $51.00 price target on shares of Dave & Buster’s Entertainment in a report on Thursday, September 1st. Piper Jaffray Cos. reissued an overweight rating and issued a $51.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, August 31st. Jefferies Group reissued a buy rating and issued a $50.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 7th. Finally, Canaccord Genuity started coverage on Dave & Buster’s Entertainment in a report on Monday, August 22nd. They issued a buy rating and a $52.00 price target on the stock. One research analyst has rated the stock with a sell rating, two have given a hold rating and six have assigned a buy rating to the company’s stock. The stock has an average rating of Buy and an average price target of $47.29.

Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 41.08 on Monday. Dave & Buster’s Entertainment has a 12-month low of $29.54 and a 12-month high of $49.90. The firm has a 50-day moving average price of $41.77 and a 200 day moving average price of $42.56. The firm has a market cap of $1.73 billion, a price-to-earnings ratio of 22.18 and a beta of 0.61.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 6th. The company reported $0.50 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.06. The business had revenue of $244.30 million for the quarter. Dave & Buster’s Entertainment had a return on equity of 22.08% and a net margin of 8.59%. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. During the same period last year, the business posted $0.40 EPS. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post $1.94 earnings per share for the current fiscal year.

In other news, CEO Stephen M. King sold 22,500 shares of the stock in a transaction on Monday, October 3rd. The stock was sold at an average price of $40.66, for a total value of $914,850.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at approximately $40.66. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, SVP Jay L. Tobin sold 7,500 shares of the stock in a transaction on Monday, October 10th. The shares were sold at an average price of $39.92, for a total value of $299,400.00. Following the completion of the transaction, the senior vice president now directly owns 109,571 shares in the company, valued at approximately $4,374,074.32. The disclosure for this sale can be found here. 5.60% of the stock is owned by insiders.

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Sei Investments Co. bought a new position in Dave & Buster’s Entertainment during the second quarter worth $100,000. IFP Advisors Inc increased its stake in shares of Dave & Buster’s Entertainment by 59.0% in the second quarter. IFP Advisors Inc now owns 2,707 shares of the company’s stock valued at $127,000 after buying an additional 1,005 shares during the last quarter. US Bancorp DE increased its stake in shares of Dave & Buster’s Entertainment by 90.3% in the second quarter. US Bancorp DE now owns 3,055 shares of the company’s stock valued at $143,000 after buying an additional 1,450 shares during the last quarter. Paradigm Asset Management Co. LLC increased its stake in shares of Dave & Buster’s Entertainment by 6.9% in the second quarter. Paradigm Asset Management Co. LLC now owns 3,100 shares of the company’s stock valued at $145,000 after buying an additional 200 shares during the last quarter. Finally, BNP Paribas Arbitrage SA increased its stake in shares of Dave & Buster’s Entertainment by 86.6% in the third quarter. BNP Paribas Arbitrage SA now owns 3,720 shares of the company’s stock valued at $146,000 after buying an additional 1,726 shares during the last quarter.

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