BMO Capital Markets Analysts Give Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) a $72.00 Price Target

BMO Capital Markets set a $72.00 price target on Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) in a research note published on Tuesday, August 29th. The brokerage currently has an outperform rating on the restaurant operator’s stock.

Other equities research analysts also recently issued research reports about the company. Zacks Investment Research raised Dave & Buster’s Entertainment from a hold rating to a buy rating and set a $75.00 price objective on the stock in a report on Tuesday, May 23rd. Jefferies Group LLC reissued a buy rating and set a $65.00 price objective on shares of Dave & Buster’s Entertainment in a report on Thursday, May 18th. Maxim Group reissued a buy rating and set a $72.00 price objective on shares of Dave & Buster’s Entertainment in a report on Friday, June 2nd. SunTrust Banks, Inc. set a $85.00 price objective on Dave & Buster’s Entertainment and gave the company a buy rating in a report on Wednesday, June 7th. Finally, Canaccord Genuity raised their price objective on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a buy rating in a report on Friday, June 9th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The company has an average rating of Buy and an average target price of $74.11.

Shares of Dave & Buster’s Entertainment (PLAY) opened at 52.92 on Tuesday. The firm has a 50-day moving average of $58.23 and a 200 day moving average of $62.60. Dave & Buster’s Entertainment has a 12 month low of $37.60 and a 12 month high of $73.48. The firm has a market cap of $2.19 billion, a P/E ratio of 20.60 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share for the quarter, beating the Zacks’ consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. During the same quarter last year, the business posted $0.50 EPS. The company’s revenue was up 14.9% compared to the same quarter last year. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post $2.69 EPS for the current fiscal year.

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Dave & Buster’s Entertainment declared that its board has authorized a stock buyback program on Tuesday, June 6th that allows the company to repurchase $100.00 million in shares. This repurchase authorization allows the restaurant operator to purchase up to 3.4% of its shares through open market purchases. Shares repurchase programs are often an indication that the company’s management believes its stock is undervalued.

In other news, CFO Brian Jenkins sold 500 shares of Dave & Buster’s Entertainment stock in a transaction dated Friday, September 8th. The stock was sold at an average price of $52.25, for a total value of $26,125.00. Following the completion of the transaction, the chief financial officer now directly owns 5,042 shares of the company’s stock, valued at approximately $263,444.50. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, COO Margo Lynn Manning sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, July 19th. The stock was sold at an average price of $66.46, for a total value of $664,600.00. Following the completion of the transaction, the chief operating officer now directly owns 15,447 shares of the company’s stock, valued at $1,026,607.62. The disclosure for this sale can be found here. Over the last three months, insiders sold 87,500 shares of company stock valued at $4,909,000. Corporate insiders own 5.60% of the company’s stock.

Institutional investors have recently modified their holdings of the stock. Tower Research Capital LLC TRC increased its position in Dave & Buster’s Entertainment by 335.9% in the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock valued at $116,000 after buying an additional 1,468 shares in the last quarter. Tyers Asset Management LLC increased its position in Dave & Buster’s Entertainment by 9.2% in the 1st quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock valued at $122,000 after buying an additional 168 shares in the last quarter. Strs Ohio increased its position in Dave & Buster’s Entertainment by 76.9% in the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock valued at $140,000 after buying an additional 1,000 shares in the last quarter. Zurcher Kantonalbank Zurich Cantonalbank increased its position in Dave & Buster’s Entertainment by 147.6% in the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock valued at $143,000 after buying an additional 1,286 shares in the last quarter. Finally, Flinton Capital Management LLC increased its position in Dave & Buster’s Entertainment by 9.2% in the 1st quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock valued at $148,000 after buying an additional 204 shares in the last quarter.

Dave & Buster’s Entertainment 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 Entertainment (NASDAQ:PLAY)

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