Dave & Buster's Entertainment (PLAY) Given New $95.00 Price Target at SunTrust Banks

Dave & Buster's Entertainment (NASDAQ:PLAY) had its price objective raised by SunTrust Banks to $95.00 in a research note published on Wednesday, January 3rd. The firm currently has an in-line rating on the restaurant operator’s stock. SunTrust Banks also issued estimates for Dave & Buster's Entertainment’s Q1 2019 earnings at $1.19 EPS, Q2 2019 earnings at $0.78 EPS, Q3 2019 earnings at $0.43 EPS, Q4 2019 earnings at $0.90 EPS, FY2019 earnings at $3.31 EPS and FY2020 earnings at $3.96 EPS.

Other research analysts have also issued reports about the stock. BidaskClub upgraded shares of Dave & Buster's Entertainment from a sell rating to a hold rating in a report on Friday, December 29th. BMO Capital Markets restated an outperform rating and issued a $70.00 price objective (down from $72.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, September 6th. Maxim Group reaffirmed a buy rating and issued a $78.00 target price on shares of Dave & Buster's Entertainment in a research report on Wednesday, September 6th. Wells Fargo & Co reduced their target price on shares of Dave & Buster's Entertainment from $71.00 to $66.00 and set an outperform rating on the stock in a research report on Thursday, November 30th. Finally, Canaccord Genuity reaffirmed a buy rating and issued a $70.00 target price on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 6th. One analyst has rated the stock with a sell rating, one has given a hold rating and ten have given a buy rating to the company. The company presently has an average rating of Buy and a consensus price target of $69.00.

Shares of Dave & Buster's Entertainment (NASDAQ PLAY) traded up $0.10 during midday trading on Wednesday, reaching $46.20. 2,244,200 shares of the company’s stock traded hands, compared to its average volume of 2,956,950. The company has a quick ratio of 0.26, a current ratio of 0.38 and a debt-to-equity ratio of 0.70. Dave & Buster's Entertainment has a 1-year low of $43.77 and a 1-year high of $73.48. The company has a market cap of $1,880.00, a price-to-earnings ratio of 17.63, a PEG ratio of 1.44 and a beta of 0.58.

Dave & Buster's Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Thursday, December 7th. The restaurant operator reported $0.29 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.23 by $0.06. Dave & Buster's Entertainment had a net margin of 10.20% and a return on equity of 24.82%. The business had revenue of $250.00 million during the quarter, compared to analyst estimates of $255.70 million. During the same period in the prior year, the business earned $0.25 EPS. The company’s revenue for the quarter was up 9.3% on a year-over-year basis. research analysts expect that Dave & Buster's Entertainment will post 2.65 EPS for the current year.

In related news, CFO Brian Jenkins sold 600 shares of the stock in a transaction dated Wednesday, December 27th. The shares were sold at an average price of $57.25, for a total transaction of $34,350.00. Following the sale, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $288,654.50. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Kevin M. Sheehan acquired 10,000 shares of the business’s stock in a transaction that occurred on Monday, January 8th. The shares were purchased at an average cost of $45.58 per share, for a total transaction of $455,800.00. Following the completion of the transaction, the director now directly owns 60,138 shares in the company, valued at approximately $2,741,090.04. The disclosure for this purchase can be found here. Insiders have sold a total of 26,600 shares of company stock worth $1,478,448 over the last three months. 3.84% of the stock is currently owned by insiders.

A number of hedge funds have recently made changes to their positions in PLAY. BlackRock Inc. boosted its holdings in shares of Dave & Buster's Entertainment by 3.2% during the 2nd quarter. BlackRock Inc. now owns 4,571,266 shares of the restaurant operator’s stock valued at $304,033,000 after acquiring an additional 141,356 shares during the last quarter. Mackenzie Financial Corp boosted its holdings in shares of Dave & Buster's Entertainment by 414.8% during the 3rd quarter. Mackenzie Financial Corp now owns 1,152,016 shares of the restaurant operator’s stock valued at $60,458,000 after acquiring an additional 928,227 shares during the last quarter. Voya Investment Management LLC boosted its holdings in shares of Dave & Buster's Entertainment by 4.7% during the 2nd quarter. Voya Investment Management LLC now owns 1,048,064 shares of the restaurant operator’s stock valued at $69,707,000 after acquiring an additional 47,031 shares during the last quarter. Dimensional Fund Advisors LP boosted its holdings in shares of Dave & Buster's Entertainment by 0.6% during the 3rd quarter. Dimensional Fund Advisors LP now owns 1,040,184 shares of the restaurant operator’s stock valued at $54,589,000 after acquiring an additional 6,493 shares during the last quarter. Finally, Wells Fargo & Company MN boosted its holdings in shares of Dave & Buster's Entertainment by 6.5% during the 2nd quarter. Wells Fargo & Company MN now owns 1,001,832 shares of the restaurant operator’s stock valued at $66,632,000 after acquiring an additional 61,034 shares during the last quarter.

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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)

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