TheStreet cut shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) from a b rating to a c rating in a research report report published on Wednesday.

Several other research analysts have also issued reports on the stock. Zacks Investment Research lowered shares of Dave & Buster’s Entertainment from a buy rating to a hold rating in a research report on Monday, August 28th. BidaskClub lowered shares of Dave & Buster’s Entertainment from a buy rating to a hold rating in a research report on Wednesday, July 19th. BMO Capital Markets set a $72.00 price target on shares of Dave & Buster’s Entertainment and gave the stock an outperform rating in a research report on Tuesday, August 29th. SunTrust Banks, Inc. set a $85.00 price target on shares of Dave & Buster’s Entertainment and gave the stock a buy rating in a research report on Wednesday, June 7th. Finally, Piper Jaffray Companies restated an overweight rating and issued a $69.00 price target (down previously from $74.00) on shares of Dave & Buster’s Entertainment in a research report on Friday, September 1st. One equities research analyst has rated the stock with a sell rating and ten have given a buy rating to the company’s stock. Dave & Buster’s Entertainment has a consensus rating of Buy and a consensus price target of $74.11.

Shares of Dave & Buster’s Entertainment (NASDAQ PLAY) opened at 49.70 on Wednesday. The firm’s 50-day moving average price is $54.20 and its 200-day moving average price is $61.90. Dave & Buster’s Entertainment has a one year low of $39.15 and a one year high of $73.48. The firm has a market cap of $2.04 billion, a PE ratio of 19.35 and a beta of 0.59.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.55 by $0.04. The firm had revenue of $280.80 million for the quarter, compared to analyst estimates of $281.69 million. Dave & Buster’s Entertainment had a net margin of 10.27% and a return on equity of 24.58%. The firm’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.50 earnings per share. Equities research analysts expect that Dave & Buster’s Entertainment will post $2.70 earnings per share for the current fiscal year.

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Dave & Buster’s Entertainment declared that its board has authorized a stock repurchase program on Friday, September 8th that permits the company to buyback $100.00 million in outstanding shares. This buyback authorization permits the restaurant operator to repurchase up to 4.7% of its stock through open market purchases. Stock buyback programs are often an indication that the company’s board believes its stock is undervalued.

In other Dave & Buster’s Entertainment news, SVP J Michael Plunkett sold 3,000 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, October 4th. The shares were sold at an average price of $51.20, for a total transaction of $153,600.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Stephen M. King sold 45,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, September 7th. The shares were sold at an average price of $49.80, for a total transaction of $2,241,000.00. Following the sale, the chief executive officer now directly owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 68,000 shares of company stock worth $3,565,675. Corporate insiders own 3.84% of the company’s stock.

Several large investors have recently modified their holdings of the business. Dynamic Technology Lab Private Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at $531,000. Piedmont Investment Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at $538,000. Ameritas Investment Partners Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 12.9% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,695 shares of the restaurant operator’s stock valued at $246,000 after buying an additional 421 shares during the period. Nomura Holdings Inc. acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at $273,000. Finally, The Manufacturers Life Insurance Company boosted its stake in shares of Dave & Buster’s Entertainment by 11.3% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 32,499 shares of the restaurant operator’s stock valued at $2,161,000 after buying an additional 3,296 shares during the period.

About Dave & Buster’s Entertainment

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)

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