Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) has been given an average recommendation of “Buy” by the ten research firms that are covering the stock. One equities research analyst has rated the stock with a sell rating, two have issued a hold rating and six have issued a buy rating on the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $47.83.

A number of equities research analysts have issued reports on PLAY shares. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “sell” rating in a report on Wednesday, August 10th. BMO Capital Markets reissued a “buy” rating and set a $51.00 target price on shares of Dave & Buster’s Entertainment in a report on Thursday, September 1st. Piper Jaffray Cos. reissued an “overweight” rating and set a $51.00 target price on shares of Dave & Buster’s Entertainment in a report on Wednesday, August 31st. Jefferies Group reissued a “buy” rating and set a $50.00 target price on shares of Dave & Buster’s Entertainment in a report on Wednesday, September 7th. Finally, Wells Fargo & Co. started coverage on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 12th. They set an “outperform” rating and a $47.50 target price on the stock.

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In related news, SVP John Mulleady sold 2,500 shares of the stock in a transaction on Tuesday, November 15th. The stock was sold at an average price of $45.07, for a total value of $112,675.00. Following the transaction, the senior vice president now owns 2,501 shares of the company’s stock, valued at $112,720.07. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CFO Brian Jenkins sold 3,750 shares of the stock in a transaction on Monday, October 3rd. The shares were sold at an average price of $40.66, for a total value of $152,475.00. Following the completion of the transaction, the chief financial officer now directly owns 1 shares in the company, valued at approximately $40.66. The disclosure for this sale can be found here. 5.60% of the stock is currently owned by insiders.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. BlackRock Group LTD boosted its position in Dave & Buster’s Entertainment by 69.8% in the first quarter. BlackRock Group LTD now owns 31,427 shares of the company’s stock worth $1,218,000 after buying an additional 12,918 shares in the last quarter. Squarepoint Ops LLC purchased a new position in Dave & Buster’s Entertainment during the first quarter worth approximately $1,420,000. First National Bank of Omaha purchased a new position in Dave & Buster’s Entertainment during the second quarter worth approximately $442,000. AMI Asset Management Corp boosted its position in Dave & Buster’s Entertainment by 13.6% in the second quarter. AMI Asset Management Corp now owns 310,621 shares of the company’s stock worth $14,534,000 after buying an additional 37,243 shares in the last quarter. Finally, Parametrica Management Ltd purchased a new position in Dave & Buster’s Entertainment during the second quarter worth approximately $216,000.

Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 46.85 on Monday. Dave & Buster’s Entertainment has a 12-month low of $29.54 and a 12-month high of $49.90. The company’s 50 day moving average price is $42.48 and its 200 day moving average price is $43.33. The firm has a market cap of $1.97 billion, a P/E ratio of 25.30 and a beta of 0.58.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 6th. The company reported $0.50 EPS for the quarter, beating the consensus estimate of $0.44 by $0.06. Dave & Buster’s Entertainment had a return on equity of 22.08% and a net margin of 8.59%. The business had revenue of $244.30 million for the quarter. During the same quarter in the previous year, the company posted $0.40 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 12.4% on a year-over-year basis. Equities research analysts forecast that Dave & Buster’s Entertainment will post $1.94 EPS for the current year.

About Dave & Buster’s Entertainment

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