Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $41.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective dropped by SunTrust Banks from $45.00 to $41.00 in a research report issued on Wednesday, The Fly reports. The firm currently has a “hold” rating on the restaurant operator’s stock. SunTrust Banks’ target price would indicate a potential downside of 0.24% from the company’s previous close. SunTrust Banks also issued estimates for Dave & Buster’s Entertainment’s Q2 2020 earnings at $0.83 EPS, Q3 2020 earnings at $0.12 EPS, Q4 2020 earnings at $0.86 EPS, FY2020 earnings at $2.97 EPS, Q1 2021 earnings at $1.27 EPS, Q2 2021 earnings at $0.93 EPS, Q4 2021 earnings at $0.89 EPS and FY2021 earnings at $3.24 EPS.

Other equities analysts have also issued reports about the stock. Maxim Group reduced their price target on shares of Dave & Buster’s Entertainment from $62.00 to $55.00 and set a “buy” rating on the stock in a research report on Friday, September 6th. William Blair lowered shares of Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Wednesday. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and set a $45.00 price target on the stock. in a research report on Monday, September 2nd. Deutsche Bank began coverage on shares of Dave & Buster’s Entertainment in a research report on Friday, June 28th. They issued a “hold” rating and a $42.00 price target on the stock. Finally, Wells Fargo & Co reduced their price target on shares of Dave & Buster’s Entertainment from $46.00 to $40.00 and set a “market perform” rating on the stock in a research report on Wednesday. One analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company’s stock. The company has an average rating of “Hold” and a consensus target price of $48.48.

Shares of Dave & Buster’s Entertainment stock opened at $41.10 on Wednesday. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28. The firm’s 50-day simple moving average is $40.47 and its 200-day simple moving average is $46.65. Dave & Buster’s Entertainment has a twelve month low of $37.21 and a twelve month high of $67.05. The firm has a market cap of $1.52 billion, a P/E ratio of 14.03, a price-to-earnings-growth ratio of 0.97 and a beta of 0.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share for the quarter, beating the consensus estimate of $0.86 by $0.04. The business had revenue of $344.60 million for the quarter, compared to analyst estimates of $345.27 million. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. On average, equities analysts forecast that Dave & Buster’s Entertainment will post 2.97 earnings per share for the current fiscal year.

In related news, Director Michael J. Griffith bought 5,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Tuesday, July 2nd. The shares were bought at an average cost of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the transaction, the director now owns 16,327 shares of the company’s stock, valued at $641,977.64. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, SVP John Mulleady sold 7,500 shares of the company’s stock in a transaction that occurred on Monday, June 17th. The stock was sold at an average price of $39.94, for a total transaction of $299,550.00. Following the transaction, the senior vice president now owns 21,319 shares in the company, valued at $851,480.86. The disclosure for this sale can be found here. 3.70% of the stock is currently owned by corporate insiders.

Several hedge funds have recently made changes to their positions in PLAY. DekaBank Deutsche Girozentrale acquired a new position in shares of Dave & Buster’s Entertainment during the second quarter worth approximately $36,000. Meeder Asset Management Inc. lifted its position in shares of Dave & Buster’s Entertainment by 639.8% during the second quarter. Meeder Asset Management Inc. now owns 1,857 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 1,606 shares in the last quarter. Aperio Group LLC lifted its position in shares of Dave & Buster’s Entertainment by 11.1% during the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock worth $185,000 after purchasing an additional 457 shares in the last quarter. Public Employees Retirement Association of Colorado lifted its position in shares of Dave & Buster’s Entertainment by 186.4% during the second quarter. Public Employees Retirement Association of Colorado now owns 4,854 shares of the restaurant operator’s stock worth $196,000 after purchasing an additional 3,159 shares in the last quarter. Finally, Magnus Financial Group LLC acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth approximately $215,000.

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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