Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective upped by equities research analysts at SunTrust Banks to $74.00 in a research note issued on Monday, The Fly reports. The firm currently has a “positive” rating on the restaurant operator’s stock. SunTrust Banks’ target price suggests a potential upside of 19.26% from the company’s current price.

A number of other equities research analysts have also issued reports on PLAY. Maxim Group upped their target price on Dave & Buster’s Entertainment from $62.00 to $68.00 and gave the company a “buy” rating in a research note on Monday, May 21st. Zacks Investment Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday, June 5th. BidaskClub raised Dave & Buster’s Entertainment from a “strong sell” rating to a “sell” rating in a research note on Thursday, June 7th. Piper Jaffray Companies reaffirmed an “overweight” rating and issued a $56.00 target price on shares of Dave & Buster’s Entertainment in a research note on Tuesday, June 12th. Finally, BMO Capital Markets upped their target price on Dave & Buster’s Entertainment from $49.00 to $64.00 and gave the company a “buy” rating in a research note on Tuesday, June 12th. Two analysts have rated the stock with a hold rating, ten have issued a buy rating and one has given a strong buy rating to the stock. The company has an average rating of “Buy” and a consensus target price of $67.90.

Shares of NASDAQ:PLAY opened at $62.05 on Monday. The company has a market cap of $2.24 billion, a PE ratio of 23.87, a PEG ratio of 1.40 and a beta of 0.50. The company has a debt-to-equity ratio of 0.77, a quick ratio of 0.31 and a current ratio of 0.44. Dave & Buster’s Entertainment has a 12 month low of $37.85 and a 12 month high of $62.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Friday, September 14th. The restaurant operator reported $0.84 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.67 by $0.17. Dave & Buster’s Entertainment had a return on equity of 25.83% and a net margin of 10.30%. The business had revenue of $319.20 million for the quarter, compared to analyst estimates of $311.85 million. During the same quarter in the previous year, the company earned $0.59 EPS. The company’s quarterly revenue was up 13.7% on a year-over-year basis. analysts expect that Dave & Buster’s Entertainment will post 2.74 EPS for the current fiscal year.

In other Dave & Buster’s Entertainment news, COO Margo Lynn Manning sold 5,000 shares of the stock in a transaction on Monday, July 16th. The stock was sold at an average price of $48.50, for a total transaction of $242,500.00. Following the transaction, the chief operating officer now owns 13,563 shares of the company’s stock, valued at approximately $657,805.50. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, CFO Brian Jenkins sold 10,000 shares of the stock in a transaction on Friday, August 24th. The stock was sold at an average price of $57.35, for a total value of $573,500.00. The disclosure for this sale can be found here. In the last three months, insiders have sold 22,000 shares of company stock worth $1,163,082. Corporate insiders own 3.40% of the company’s stock.

Several institutional investors have recently modified their holdings of the business. BlackRock Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 42.4% during the 1st quarter. BlackRock Inc. now owns 7,342,209 shares of the restaurant operator’s stock worth $306,465,000 after purchasing an additional 2,186,997 shares during the period. Bank of New York Mellon Corp lifted its stake in shares of Dave & Buster’s Entertainment by 4.7% during the 2nd quarter. Bank of New York Mellon Corp now owns 1,570,709 shares of the restaurant operator’s stock worth $74,765,000 after purchasing an additional 70,735 shares during the period. Summit Trail Advisors LLC lifted its stake in shares of Dave & Buster’s Entertainment by 4,869.8% during the 1st quarter. Summit Trail Advisors LLC now owns 1,257,469 shares of the restaurant operator’s stock worth $1,257,000 after purchasing an additional 1,232,167 shares during the period. Dimensional Fund Advisors LP lifted its stake in shares of Dave & Buster’s Entertainment by 1.5% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,133,536 shares of the restaurant operator’s stock worth $53,959,000 after purchasing an additional 16,818 shares during the period. Finally, Rice Hall James & Associates LLC lifted its stake in shares of Dave & Buster’s Entertainment by 5.7% during the 2nd quarter. Rice Hall James & Associates LLC now owns 1,121,920 shares of the restaurant operator’s stock worth $53,403,000 after purchasing an additional 60,635 shares during the period.

Dave & Buster’s Entertainment Company Profile

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.

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

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