Analysts at Maxim Group began coverage on shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) in a research note issued to investors on Monday. The firm set a “buy” rating and a $72.00 price target on the stock. Maxim Group’s price target would suggest a potential upside of 20.68% from the stock’s previous close.

Several other research firms have also commented on PLAY. Zacks Investment Research raised shares of Dave & Buster's Entertainment from a “hold” rating to a “buy” rating and set a $64.00 target price on the stock in a report on Friday, December 9th. Jefferies Group LLC reaffirmed a “buy” rating on shares of Dave & Buster's Entertainment in a report on Friday, January 6th. BMO Capital Markets set a $64.00 target price on shares of Dave & Buster's Entertainment and gave the company a “buy” rating in a report on Thursday. Canaccord Genuity increased their target price on shares of Dave & Buster's Entertainment from $52.00 to $60.00 and gave the company a “buy” rating in a report on Wednesday, December 7th. Finally, SunTrust Banks, Inc. initiated coverage on shares of Dave & Buster's Entertainment in a report on Tuesday, December 20th. They set a “buy” rating and a $68.00 target price on the stock. One equities research analyst has rated the stock with a hold rating and nine have issued a buy rating to the company’s stock. Dave & Buster's Entertainment presently has a consensus rating of “Buy” and a consensus price target of $58.72.

Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) traded down 0.45% during trading on Monday, hitting $59.66. 396,008 shares of the stock traded hands. Dave & Buster's Entertainment has a 12 month low of $36.83 and a 12 month high of $61.20. The company has a 50 day moving average price of $56.79 and a 200 day moving average price of $49.44. The firm has a market cap of $2.51 billion, a price-to-earnings ratio of 29.86 and a beta of 0.71.

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In other Dave & Buster's Entertainment news, SVP John Mulleady sold 2,500 shares of the firm’s stock in a transaction on Wednesday, March 15th. The shares were sold at an average price of $59.26, for a total value of $148,150.00. Following the sale, the senior vice president now owns 2,501 shares of the company’s stock, valued at approximately $148,209.26. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, SVP Jay L. Tobin sold 20,000 shares of the firm’s stock in a transaction on Tuesday, January 3rd. The stock was sold at an average price of $55.56, for a total transaction of $1,111,200.00. Following the completion of the sale, the senior vice president now directly owns 82,071 shares in the company, valued at approximately $4,559,864.76. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 108,000 shares of company stock worth $6,035,070. 5.60% of the stock is owned by insiders.

A number of large investors have recently made changes to their positions in the company. Putnam Investments LLC purchased a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth about $47,581,000. Victory Capital Management Inc. raised its stake in shares of Dave & Buster's Entertainment by 18,294.2% in the third quarter. Victory Capital Management Inc. now owns 646,005 shares of the company’s stock worth $25,310,000 after buying an additional 642,493 shares during the period. Melvin Capital Management LP raised its stake in shares of Dave & Buster's Entertainment by 153.8% in the third quarter. Melvin Capital Management LP now owns 825,000 shares of the company’s stock worth $32,324,000 after buying an additional 500,000 shares during the period. York Capital Management Global Advisors LLC purchased a new stake in shares of Dave & Buster's Entertainment during the third quarter worth about $12,748,000. Finally, FMR LLC raised its stake in shares of Dave & Buster's Entertainment by 4.8% in the fourth quarter. FMR LLC now owns 6,307,593 shares of the company’s stock worth $355,117,000 after buying an additional 291,674 shares during the period.

5 Day Chart for NASDAQ:PLAY

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