Dave & Buster’s (PLAY) Stock Rating Lowered by BidaskClub

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.

How to Become a New Pot Stock Millionaire

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.



Dave & Buster’s (NASDAQ:PLAY) last announced its earnings results on Tuesday, April 3rd. The restaurant operator reported $0.61 EPS for the quarter, beating the Zacks’ consensus estimate of $0.60 by $0.01. Dave & Buster’s had a net margin of 10.61% and a return on equity of 24.67%. The firm had revenue of $304.90 million for the quarter, compared to analysts’ expectations of $304.82 million. During the same quarter in the previous year, the business posted $0.63 EPS. The company’s quarterly revenue was up 12.8% on a year-over-year basis. analysts expect that Dave & Buster’s will post 2.64 earnings per share for the current year.

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.

WARNING: “Dave & Buster’s (PLAY) Stock Rating Lowered by BidaskClub” was first posted by StockNewsTimes and is the sole property of of StockNewsTimes. If you are reading this news story on another website, it was illegally stolen and reposted in violation of US and international copyright laws. The legal version of this news story can be accessed at https://stocknewstimes.com/2018/04/21/dave-busters-play-stock-rating-lowered-by-bidaskclub.html.

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.

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

Receive News & Ratings for Dave & Buster's Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's and related companies with MarketBeat.com's FREE daily email newsletter.

Leave a Reply