Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Increased to $53.00 by Analysts at Piper Sandler

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective hoisted by equities researchers at Piper Sandler from $49.00 to $53.00 in a research report issued on Friday, The Fly reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price target indicates a potential upside of 20.24% from the stock’s previous close.

PLAY has been the subject of a number of other research reports. Raymond James upped their price target on Dave & Buster’s Entertainment from $45.00 to $55.00 and gave the stock a “strong-buy” rating in a research report on Monday, March 22nd. Deutsche Bank Aktiengesellschaft increased their price target on Dave & Buster’s Entertainment from $41.00 to $57.00 and gave the company a “buy” rating in a research note on Monday, April 5th. William Blair raised Dave & Buster’s Entertainment from a “market perform” rating to an “outperform” rating in a report on Tuesday, April 20th. BMO Capital Markets upped their price objective on Dave & Buster’s Entertainment from $37.00 to $54.00 and gave the company an “outperform” rating in a report on Thursday, April 1st. Finally, Wells Fargo & Company increased their target price on Dave & Buster’s Entertainment from $36.00 to $44.00 and gave the stock an “underweight” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, five have given a hold rating, five have issued a buy rating and one has assigned a strong buy rating to the stock. The stock has an average rating of “Buy” and an average price target of $42.21.

Shares of NASDAQ:PLAY opened at $44.08 on Friday. The company has a market cap of $2.11 billion, a PE ratio of -9.16, a P/E/G ratio of 8.73 and a beta of 2.06. Dave & Buster’s Entertainment has a 1-year low of $11.23 and a 1-year high of $51.73. The company has a debt-to-equity ratio of 3.89, a current ratio of 0.44 and a quick ratio of 0.35. The stock’s 50-day moving average price is $43.90.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Wednesday, June 9th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of ($0.16) by $0.56. Dave & Buster’s Entertainment had a negative return on equity of 102.01% and a negative net margin of 47.42%. The company had revenue of $265.34 million during the quarter, compared to analyst estimates of $257.98 million. During the same period in the previous year, the company earned ($1.37) EPS. The company’s revenue for the quarter was up 66.0% compared to the same quarter last year. Sell-side analysts expect that Dave & Buster’s Entertainment will post 0.32 EPS for the current fiscal year.

In related news, Director Kevin M. Sheehan sold 5,000 shares of the business’s stock in a transaction on Tuesday, April 6th. The stock was sold at an average price of $45.55, for a total transaction of $227,750.00. Following the sale, the director now directly owns 94,218 shares in the company, valued at approximately $4,291,629.90. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CMO Brandon Charles Coleman III sold 11,800 shares of the business’s stock in a transaction on Monday, May 10th. The shares were sold at an average price of $43.51, for a total value of $513,418.00. Following the sale, the chief marketing officer now owns 21,100 shares in the company, valued at $918,061. The disclosure for this sale can be found here. Insiders have sold 136,911 shares of company stock worth $6,038,482 over the last quarter. 3.57% of the stock is currently owned by corporate insiders.

A number of institutional investors have recently bought and sold shares of PLAY. Public Employees Retirement System of Ohio boosted its holdings in shares of Dave & Buster’s Entertainment by 9.0% in the 4th quarter. Public Employees Retirement System of Ohio now owns 4,372 shares of the restaurant operator’s stock worth $131,000 after purchasing an additional 360 shares in the last quarter. Oregon Public Employees Retirement Fund boosted its holdings in Dave & Buster’s Entertainment by 2.1% during the 1st quarter. Oregon Public Employees Retirement Fund now owns 19,543 shares of the restaurant operator’s stock valued at $936,000 after acquiring an additional 400 shares during the period. Mutual of America Capital Management LLC boosted its holdings in Dave & Buster’s Entertainment by 8.0% during the 1st quarter. Mutual of America Capital Management LLC now owns 6,362 shares of the restaurant operator’s stock valued at $305,000 after acquiring an additional 472 shares during the period. Prudential Financial Inc. boosted its holdings in Dave & Buster’s Entertainment by 0.9% during the 1st quarter. Prudential Financial Inc. now owns 54,320 shares of the restaurant operator’s stock valued at $2,602,000 after acquiring an additional 510 shares during the period. Finally, UBS Asset Management Americas Inc. raised its position in Dave & Buster’s Entertainment by 1.4% during the 4th quarter. UBS Asset Management Americas Inc. now owns 45,283 shares of the restaurant operator’s stock valued at $1,359,000 after purchasing an additional 630 shares during the last quarter.

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 entrees 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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