Dave & Buster’s (NASDAQ:PLAY) was downgraded by research analysts at BidaskClub from a “hold” rating to a “sell” rating in a research report issued on Thursday.
A number of other analysts have also recently commented on PLAY. Maxim Group restated a “buy” rating and set a $97.00 target price on shares of Dave & Buster’s in a report on Friday, December 22nd. SunTrust Banks boosted their target price on shares of Dave & Buster’s to $95.00 and gave the company an “in-line” rating in a report on Wednesday, January 3rd. Wells Fargo dropped their target price on shares of Dave & Buster’s from $66.00 to $60.00 and set an “outperform” rating on the stock in a report on Tuesday, January 9th. Piper Jaffray restated a “buy” rating and set a $56.00 target price on shares of Dave & Buster’s in a report on Tuesday, January 9th. Finally, BMO Capital Markets boosted their target price on shares of Dave & Buster’s to $60.00 and gave the company an “outperform” rating in a report on Wednesday, January 10th. Two equities research analysts have rated the stock with a sell rating, one has assigned a hold rating and nine have given a buy rating to the company’s stock. Dave & Buster’s presently has an average rating of “Buy” and an average target price of $61.10.
Shares of PLAY stock opened at $42.13 on Thursday. Dave & Buster’s has a 12 month low of $37.85 and a 12 month high of $73.48. The firm has a market cap of $1,692.96, a PE ratio of 16.20, a price-to-earnings-growth ratio of 1.09 and a beta of 0.44. The company has a current ratio of 0.46, a quick ratio of 0.32 and a debt-to-equity ratio of 0.83.
In related news, SVP J Michael Plunkett sold 2,000 shares of the company’s stock in a transaction dated Wednesday, February 7th. The shares were sold at an average price of $46.60, for a total value of $93,200.00. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Insiders own 3.84% of the company’s stock.
A number of institutional investors have recently made changes to their positions in PLAY. Carillon Tower Advisers Inc. bought a new position in Dave & Buster’s in the 4th quarter worth about $33,953,000. Hexavest Inc. bought a new position in Dave & Buster’s in the 4th quarter worth about $33,396,000. William Blair Investment Management LLC bought a new position in Dave & Buster’s in the 4th quarter worth about $27,806,000. Mackenzie Financial Corp boosted its stake in Dave & Buster’s by 34.1% in the 4th quarter. Mackenzie Financial Corp now owns 1,545,103 shares of the restaurant operator’s stock worth $85,243,000 after purchasing an additional 393,087 shares in the last quarter. Finally, Rice Hall James & Associates LLC boosted its stake in Dave & Buster’s by 74.4% in the 4th quarter. Rice Hall James & Associates LLC now owns 808,525 shares of the restaurant operator’s stock worth $44,606,000 after purchasing an additional 345,048 shares in the last quarter.
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Dave & Buster’s 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.
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