Dave & Buster’s Entertainment (NASDAQ:PLAY) Lowered to Hold at Loop Capital

Loop Capital downgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a buy rating to a hold rating in a report released on Wednesday morning, The Fly reports.

Several other research analysts have also recently weighed in on PLAY. Gordon Haskett cut shares of Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $41.70 price objective on the stock. in a research report on Wednesday, June 12th. Piper Jaffray Companies decreased their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $40.00 and set an overweight rating on the stock in a research report on Wednesday. Zacks Investment Research cut shares of Dave & Buster’s Entertainment from a buy rating to a hold rating and set a $45.00 price objective on the stock. in a research report on Monday, September 2nd. ValuEngine cut shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a research report on Wednesday, June 12th. Finally, Deutsche Bank assumed coverage on shares of Dave & Buster’s Entertainment in a research report on Friday, June 28th. They issued a hold rating and a $42.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, nine have assigned a hold rating and five have issued a buy rating to the company. Dave & Buster’s Entertainment currently has a consensus rating of Hold and a consensus price target of $48.48.

NASDAQ PLAY traded down $0.60 during trading on Wednesday, hitting $41.10. 1,588,586 shares of the company’s stock traded hands, compared to its average volume of 1,128,070. The stock has a market capitalization of $1.52 billion, a price-to-earnings ratio of 14.03, a PEG ratio of 0.97 and a beta of 0.86. Dave & Buster’s Entertainment has a 12-month low of $37.21 and a 12-month high of $67.05. The company has a debt-to-equity ratio of 4.17, a quick ratio of 0.17 and a current ratio of 0.28. The business has a 50 day moving average of $40.47 and a 200-day moving average of $46.65.



Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $0.90 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.86 by $0.04. Dave & Buster’s Entertainment had a net margin of 9.06% and a return on equity of 29.12%. The firm had revenue of $344.60 million for the quarter, compared to the consensus estimate of $345.27 million. On average, analysts expect that Dave & Buster’s Entertainment will post 2.97 EPS for the current year.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the stock in a transaction that occurred on Monday, June 17th. The shares were sold at an average price of $39.94, for a total transaction of $299,550.00. Following the transaction, the senior vice president now directly owns 21,319 shares in the company, valued at $851,480.86. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Griffith purchased 5,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, July 2nd. The shares were acquired at an average price of $39.32 per share, for a total transaction of $196,600.00. Following the completion of the transaction, the director now directly owns 16,327 shares of the company’s stock, valued at $641,977.64. The disclosure for this purchase can be found here. 3.70% of the stock is owned by company insiders.

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. Oregon Public Employees Retirement Fund boosted its stake in shares of Dave & Buster’s Entertainment by 1.8% during the first quarter. Oregon Public Employees Retirement Fund now owns 15,039 shares of the restaurant operator’s stock valued at $750,000 after purchasing an additional 272 shares during the period. Mason Street Advisors LLC boosted its stake in shares of Dave & Buster’s Entertainment by 2.9% during the first quarter. Mason Street Advisors LLC now owns 12,411 shares of the restaurant operator’s stock valued at $619,000 after purchasing an additional 352 shares during the period. Piedmont Investment Advisors Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 4.8% during the first quarter. Piedmont Investment Advisors Inc. now owns 9,699 shares of the restaurant operator’s stock valued at $484,000 after purchasing an additional 441 shares during the period. Aperio Group LLC boosted its stake in shares of Dave & Buster’s Entertainment by 11.1% during the second quarter. Aperio Group LLC now owns 4,571 shares of the restaurant operator’s stock valued at $185,000 after purchasing an additional 457 shares during the period. Finally, State of Tennessee Treasury Department boosted its stake in shares of Dave & Buster’s Entertainment by 0.6% during the first quarter. State of Tennessee Treasury Department now owns 114,135 shares of the restaurant operator’s stock valued at $5,691,000 after purchasing an additional 637 shares during the period.

About Dave & Buster’s Entertainment

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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