Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given an average recommendation of “Buy” by the twelve ratings firms that are covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell rating and eleven have issued a buy rating on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $74.11.

PLAY has been the topic of several recent research reports. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Monday, August 28th. BidaskClub cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Wednesday, July 19th. BMO Capital Markets set a $72.00 target price on shares of Dave & Buster’s Entertainment and gave the stock an “outperform” rating in a research note on Tuesday, August 29th. SunTrust Banks, Inc. set a $85.00 target price on shares of Dave & Buster’s Entertainment and gave the stock a “buy” rating in a research note on Wednesday, June 7th. Finally, Piper Jaffray Companies reaffirmed an “overweight” rating and set a $69.00 target price (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a research note on Friday, September 1st.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) traded down 0.46% during trading on Wednesday, hitting $52.48. 649,203 shares of the company were exchanged. Dave & Buster’s Entertainment has a 12 month low of $37.60 and a 12 month high of $73.48. The firm’s 50-day moving average price is $57.68 and its 200 day moving average price is $62.60. The firm has a market capitalization of $2.16 billion, a PE ratio of 20.43 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The company had revenue of $280.80 million for the quarter, compared to analysts’ expectations of $281.69 million. During the same quarter in the previous year, the company posted $0.50 EPS. The firm’s quarterly revenue was up 14.9% on a year-over-year basis. On average, equities research analysts expect that Dave & Buster’s Entertainment will post $2.69 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment declared that its Board of Directors has authorized a stock repurchase plan on Tuesday, June 6th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the restaurant operator to buy up to 3.4% of its shares through open market purchases. Shares buyback plans are generally an indication that the company’s management believes its stock is undervalued.

In other news, CFO Brian Jenkins sold 500 shares of the business’s stock in a transaction dated Friday, September 8th. The shares were sold at an average price of $52.25, for a total transaction of $26,125.00. Following the transaction, the chief financial officer now owns 5,042 shares of the company’s stock, valued at approximately $263,444.50. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Also, COO Margo Lynn Manning sold 10,000 shares of the business’s stock in a transaction dated Wednesday, July 19th. The shares were sold at an average price of $66.46, for a total transaction of $664,600.00. Following the transaction, the chief operating officer now directly owns 15,447 shares in the company, valued at approximately $1,026,607.62. The disclosure for this sale can be found here. In the last three months, insiders have sold 65,000 shares of company stock worth $3,412,075. Corporate insiders own 3.84% of the company’s stock.

Hedge funds have recently made changes to their positions in the company. Schwab Charles Investment Management Inc. boosted its position in shares of Dave & Buster’s Entertainment by 14.1% during the 1st quarter. Schwab Charles Investment Management Inc. now owns 165,084 shares of the restaurant operator’s stock valued at $10,085,000 after acquiring an additional 20,348 shares during the last quarter. Mik Capital LLC acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at about $43,824,000. State of Alaska Department of Revenue lifted its position in Dave & Buster’s Entertainment by 78.1% in the second quarter. State of Alaska Department of Revenue now owns 7,392 shares of the restaurant operator’s stock valued at $491,000 after buying an additional 3,242 shares during the last quarter. Tributary Capital Management LLC lifted its position in Dave & Buster’s Entertainment by 12.3% in the second quarter. Tributary Capital Management LLC now owns 269,690 shares of the restaurant operator’s stock valued at $17,937,000 after buying an additional 29,576 shares during the last quarter. Finally, Airain ltd acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at about $4,440,000.

WARNING: This news story was published by Watch List News and is the sole property of of Watch List News. If you are accessing this news story on another site, it was stolen and reposted in violation of U.S. & international copyright laws. The correct version of this news story can be read at https://www.watchlistnews.com/brokerages-set-dave-busters-entertainment-inc-play-price-target-at-74-11/1599434.html.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ 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.

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

Receive News & Ratings for Dave & Buster's Entertainment Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment Inc. and related companies with Analyst Ratings Network's FREE daily email newsletter.