The Dave & Buster’s Entertainment Inc. (PLAY) Coverage Initiated at Wells Fargo & Co.

The Dave & Buster’s Entertainment Inc. (PLAY) Coverage Initiated at Wells Fargo & Co.

Wells Fargo & Co. started coverage on shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) in a report published on Wednesday morning. The firm issued an outperform rating and a $47.50 target price on the stock.

A number of other research analysts have also issued reports on the company. TheStreet upgraded Dave & Buster’s Entertainment from a hold rating to a buy rating in a research report on Monday, October 10th. BMO Capital Markets set a $48.00 target price on Dave & Buster’s Entertainment and gave the company a buy rating in a research report on Saturday, October 1st. Canaccord Genuity reiterated a buy rating and set a $52.00 target price on shares of Dave & Buster’s Entertainment in a research report on Thursday, September 8th. Zacks Investment Research lowered Dave & Buster’s Entertainment from a hold rating to a sell rating in a research report on Thursday, September 8th. Finally, Piper Jaffray Cos. restated an overweight rating and issued a $51.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 7th. One equities research analyst has rated the stock with a sell rating, two have assigned a hold rating and six have assigned a buy rating to the company’s stock. The stock presently has an average rating of Buy and a consensus price target of $47.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 40.05 on Wednesday. The stock has a 50 day moving average of $41.53 and a 200-day moving average of $42.64. The company has a market capitalization of $1.68 billion, a PE ratio of 21.63 and a beta of 0.62. Dave & Buster’s Entertainment has a 12-month low of $29.54 and a 12-month high of $49.90.

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

In other news, SVP Jay L. Tobin sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 10th. The stock was sold at an average price of $39.92, for a total transaction of $299,400.00. Following the transaction, the senior vice president now owns 109,571 shares in the company, valued at approximately $4,374,074.32. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, SVP Jay L. Tobin sold 2,500 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, August 12th. The stock was sold at an average price of $45.01, for a total value of $112,525.00. Following the transaction, the senior vice president now owns 104,571 shares in the company, valued at approximately $4,706,740.71. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Hedge funds and other institutional investors have recently bought and sold shares of the company. Vanguard Group Inc. raised its position in Dave & Buster’s Entertainment by 15.9% in the second quarter. Vanguard Group Inc. now owns 2,612,608 shares of the company’s stock valued at $122,245,000 after buying an additional 358,042 shares in the last quarter. Lord Abbett & CO. LLC raised its position in Dave & Buster’s Entertainment by 4,529.6% in the second quarter. Lord Abbett & CO. LLC now owns 1,652,015 shares of the company’s stock valued at $77,298,000 after buying an additional 1,616,331 shares in the last quarter. Fiera Capital Corp bought a new position in Dave & Buster’s Entertainment during the second quarter valued at approximately $48,549,000. BlackRock Fund Advisors raised its position in Dave & Buster’s Entertainment by 64.3% in the second quarter. BlackRock Fund Advisors now owns 901,034 shares of the company’s stock valued at $42,159,000 after buying an additional 352,778 shares in the last quarter. Finally, BlackRock Institutional Trust Company N.A. raised its position in Dave & Buster’s Entertainment by 24.8% in the second quarter. BlackRock Institutional Trust Company N.A. now owns 802,461 shares of the company’s stock valued at $37,547,000 after buying an additional 159,552 shares in the last quarter.

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