Several analysts have recently updated their ratings and price targets for Dave & Buster’s Entertainment (NASDAQ: PLAY):

  • 9/6/2017 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Canaccord Genuity. They now have a $72.00 price target on the stock, down previously from $75.00.
  • 9/6/2017 – Dave & Buster’s Entertainment had its “outperform” rating reaffirmed by analysts at Wells Fargo & Company. They now have a $71.00 price target on the stock, down previously from $78.00.
  • 9/6/2017 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $78.00 price target on the stock.
  • 9/6/2017 – Dave & Buster’s Entertainment had its “outperform” rating reaffirmed by analysts at BMO Capital Markets. They now have a $70.00 price target on the stock, down previously from $72.00.
  • 9/1/2017 – Dave & Buster’s Entertainment had its “overweight” rating reaffirmed by analysts at Piper Jaffray Companies. They now have a $69.00 price target on the stock, down previously from $74.00.
  • 8/31/2017 – Dave & Buster’s Entertainment had its price target lowered by analysts at Canaccord Genuity from $75.00 to $72.00. They now have a “buy” rating on the stock.
  • 8/29/2017 – Dave & Buster’s Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $65.00 price target on the stock. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the first quarter of fiscal 2017 marked the tenth successive earnings beat for the company. Estimates too have been going slightly up ahead of its fiscal second quarter earnings release. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps.”
  • 8/29/2017 – Dave & Buster’s Entertainment was given a new $72.00 price target on by analysts at BMO Capital Markets. They now have an “outperform” rating on the stock.
  • 8/28/2017 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the first quarter of fiscal 2017 marked the tenth successive earnings beat for the company. Estimates too have been going slightly up ahead of its fiscal second quarter earnings release. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps.”
  • 8/24/2017 – Dave & Buster’s Entertainment had its “buy” rating reaffirmed by analysts at Maxim Group. They now have a $78.00 price target on the stock. They wrote, “We maintain our Buy rating and $78 price target on Dave & Buster’s Entertainment (PLAY) ahead of the release of F2Q17 (July) results after the close on Tuesday, September 5.””
  • 8/22/2017 – Dave & Buster’s Entertainment was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “buy” rating. They now have a $67.00 price target on the stock. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the first quarter of fiscal 2017 marked the tenth successive earnings beat for the company. Estimates too have been going slightly up ahead of its fiscal second quarter earnings release. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps.”
  • 8/21/2017 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the first quarter of fiscal 2017 marked the tenth successive earnings beat for the company. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps. Meanwhile, estimates have been stable ahead of its fiscal second quarter earnings release.”
  • 8/8/2017 – Dave & Buster’s Entertainment was downgraded by analysts at Zacks Investment Research from a “buy” rating to a “hold” rating. According to Zacks, “Dave & Buster's shares have outpaced the industry over the past one year. The company’s unique business model with increased dependence on gaming sets it apart and we expect the company’s entertainment business to carry the growth story forward. Consistent efforts to build sales and improve margins through various initiatives have also been key growth drivers. In this regard, continual opening of stores, menu innovation, launch of games, and the Fun American New Gourmet and beverage options are expected to continue boosting its top and bottom lines. In fact, the first quarter of fiscal 2017 marked the tenth successive earnings beat for the company. However, rising labor costs and a non-franchised business model might hurt profits, while a soft consumer spending environment in the U.S. restaurant space could impact comps. Estimates too have been going down ahead of its fiscal second quarter earnings release.”
  • 8/1/2017 – Dave & Buster’s Entertainment was downgraded by analysts at BidaskClub from a “hold” rating to a “sell” rating.
  • 7/24/2017 – Dave & Buster’s Entertainment had its “outperform” rating reaffirmed by analysts at Raymond James Financial, Inc.. They now have a $77.00 price target on the stock.
  • 7/19/2017 – Dave & Buster’s Entertainment was downgraded by analysts at BidaskClub from a “buy” rating to a “hold” rating.

Shares of Dave & Buster’s Entertainment, Inc. (PLAY) traded up 2.08% on Wednesday, hitting $52.09. The stock had a trading volume of 1,264,406 shares. The company has a 50 day moving average of $59.25 and a 200-day moving average of $62.78. The firm has a market capitalization of $2.16 billion, a P/E ratio of 20.28 and a beta of 0.65. Dave & Buster’s Entertainment, Inc. has a 12-month low of $37.60 and a 12-month high of $73.48.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued 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 company had revenue of $280.80 million during 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%. Dave & Buster’s Entertainment’s quarterly revenue was up 14.9% compared to the same quarter last year. During the same period last year, the business earned $0.50 EPS. Equities analysts predict that Dave & Buster’s Entertainment, Inc. will post $2.69 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, CMO John P. Gleason sold 15,000 shares of the firm’s stock in a transaction dated Thursday, June 15th. The shares were sold at an average price of $66.96, for a total transaction of $1,004,400.00. Following the completion of the sale, the chief marketing officer now directly owns 25,505 shares in the company, valued at approximately $1,707,814.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, CFO Brian Jenkins sold 22,500 shares of the firm’s stock in a transaction dated Friday, June 30th. The shares were sold at an average price of $66.53, for a total transaction of $1,496,925.00. Following the sale, the chief financial officer now owns 1 shares of the company’s stock, valued at $66.53. The disclosure for this sale can be found here. Over the last quarter, insiders sold 103,000 shares of company stock valued at $5,975,675. 5.60% of the stock is owned by company insiders.

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.

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