Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective reduced by research analysts at Piper Jaffray Companies from $64.00 to $55.00 in a report released on Wednesday, The Fly reports. The firm presently has an “overweight” rating on the restaurant operator’s stock. Piper Jaffray Companies’ price target suggests a potential upside of 6.73% from the company’s current price.

A number of other equities research analysts have also commented on PLAY. SunTrust Banks lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. Gordon Haskett lowered Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research report on Wednesday. BidaskClub upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a research report on Tuesday, April 30th. Wells Fargo & Co lowered Dave & Buster’s Entertainment from an “outperform” rating to a “market perform” rating in a research report on Tuesday. Finally, Maxim Group increased their price target on Dave & Buster’s Entertainment from $64.00 to $67.00 and gave the stock a “buy” rating in a research report on Wednesday, April 3rd. Two investment analysts have rated the stock with a sell rating, three have given a hold rating and nine have issued a buy rating to the company. The company has an average rating of “Buy” and an average target price of $64.18.

NASDAQ PLAY opened at $51.53 on Wednesday. The company has a market cap of $1.80 billion, a P/E ratio of 17.59, a price-to-earnings-growth ratio of 1.08 and a beta of 1.12. Dave & Buster’s Entertainment has a one year low of $42.78 and a one year high of $67.05. The company has a debt-to-equity ratio of 0.98, a quick ratio of 0.26 and a current ratio of 0.37.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, June 11th. The restaurant operator reported $1.13 EPS for the quarter, missing the Zacks’ consensus estimate of $1.14 by ($0.01). The business had revenue of $363.58 million for the quarter, compared to the consensus estimate of $371.72 million. Dave & Buster’s Entertainment had a return on equity of 27.71% and a net margin of 9.26%. The firm’s revenue was up 9.5% on a year-over-year basis. During the same quarter last year, the company earned $1.04 earnings per share. Analysts forecast that Dave & Buster’s Entertainment will post 3.06 earnings per share for the current fiscal year.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 10,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $57.30, for a total value of $573,000.00. Following the transaction, the chief operating officer now directly owns 23,960 shares in the company, valued at approximately $1,372,908. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CMO John P. Gleason sold 8,200 shares of the stock in a transaction on Friday, April 5th. The shares were sold at an average price of $54.85, for a total value of $449,770.00. Following the completion of the transaction, the chief marketing officer now owns 23,458 shares in the company, valued at $1,286,671.30. The disclosure for this sale can be found here. Insiders sold a total of 40,635 shares of company stock worth $2,185,020 over the last quarter. Corporate insiders own 3.70% of the company’s stock.

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Oregon Public Employees Retirement Fund boosted its position in shares of Dave & Buster’s Entertainment by 1.8% in the 1st quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock worth $750,000 after purchasing an additional 272 shares during the last quarter. Advisor Group Inc. boosted its position in shares of Dave & Buster’s Entertainment by 14.1% in the 1st quarter. Advisor Group Inc. now owns 2,589 shares of the restaurant operator’s stock worth $129,000 after purchasing an additional 320 shares during the last quarter. Mason Street Advisors LLC boosted its position in shares of Dave & Buster’s Entertainment by 2.9% in the 1st quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock worth $619,000 after purchasing an additional 352 shares during the last quarter. Piedmont Investment Advisors Inc. boosted its position in shares of Dave & Buster’s Entertainment by 4.8% in the 1st quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock worth $484,000 after purchasing an additional 441 shares during the last quarter. Finally, Stormborn Capital Management LLC bought a new position in shares of Dave & Buster’s Entertainment in the 1st quarter worth $86,000.

About Dave & Buster’s Entertainment

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.

Further Reading: Price to Earnings Ratio (PE)

The Fly

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

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