Todays Report: Today: Dave & Buster’s Entertainment Inc. (PLAY) Given Consensus Rating of “Buy” by Analysts

Today: Dave & Buster’s Entertainment Inc. (PLAY) Given Consensus Rating of “Buy” by Analysts

Shares of Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) have earned an average recommendation of “Buy” from the ten analysts that are currently covering the firm. One research analyst has rated the stock with a sell recommendation, two have given a hold recommendation and six have issued a buy recommendation on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $47.83.

PLAY has been the subject of several analyst reports. Canaccord Genuity initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, August 22nd. They set a “buy” rating and a $52.00 price target for the company. Jefferies Group reissued a “buy” rating and set a $50.00 price target on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 7th. BMO Capital Markets reissued a “buy” rating and set a $51.00 price target on shares of Dave & Buster’s Entertainment in a report on Thursday, September 1st. TheStreet raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Monday, October 10th. Finally, Wells Fargo & Co. initiated coverage on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 12th. They set an “outperform” rating and a $47.50 price target for the company.

In other news, SVP Jay L. Tobin sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, September 8th. The shares were sold at an average price of $44.62, for a total transaction of $446,200.00. Following the completion of the sale, the senior vice president now owns 112,071 shares in the company, valued at approximately $5,000,608.02. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, CFO Brian Jenkins sold 3,750 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 3rd. The stock was sold at an average price of $40.66, for a total transaction of $152,475.00. Following the sale, the chief financial officer now owns 1 shares of the company’s stock, valued at approximately $40.66. The disclosure for this sale can be found here. Insiders own 5.60% of the company’s stock.

Several large investors have recently modified their holdings of the company. Sei Investments Co. acquired a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $100,000. IFP Advisors Inc boosted its position 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 worth $127,000 after buying an additional 1,005 shares in the last quarter. US Bancorp DE boosted its position 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 worth $143,000 after buying an additional 1,450 shares in the last quarter. Paradigm Asset Management Co. LLC boosted its position 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 worth $145,000 after buying an additional 200 shares in the last quarter. Finally, Victory Capital Management Inc. boosted its position in shares of Dave & Buster’s Entertainment by 31.9% in the second quarter. Victory Capital Management Inc. now owns 3,512 shares of the company’s stock worth $164,000 after buying an additional 849 shares in the last quarter.

Dave & Buster’s Entertainment (NASDAQ:PLAY) traded down 0.78% during mid-day trading on Monday, reaching $46.95. 424,874 shares of the company traded hands. The firm has a market cap of $1.97 billion, a PE ratio of 25.35 and a beta of 0.58. The stock’s 50-day moving average price is $42.25 and its 200-day moving average price is $43.21. Dave & Buster’s Entertainment has a one year low of $29.54 and a one year high of $49.90.

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, beating the consensus estimate of $0.44 by $0.06. Dave & Buster’s Entertainment had a net margin of 8.59% and a return on equity of 22.08%. The firm earned $244.30 million during the quarter. During the same period in the prior year, the business earned $0.40 earnings per share. The company’s revenue for the quarter was up 12.4% on a year-over-year basis. Analysts forecast that Dave & Buster’s Entertainment will post $1.94 earnings per share for the current fiscal year.

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