Dave & Buster's Entertainment - PLAY Stock Forecast, Price & News

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. The company operates its venues under the Dave & Buster's name. As of April 02, 2019, it owned and operated 125 venues in 39 states, Puerto Rico, and Canada. The company was founded in 1982 and is headquartered in Dallas, Texas.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. StockNews.com lowered shares of Dave & Buster's Entertainment from a "buy" rating to a "hold" rating in a research report on Friday, July 8th. BMO Capital Markets increased their target price on shares of Dave & Buster's Entertainment from $62.00 to $66.00 in a research report on Wednesday, June 8th. Raymond James cut their target price on shares of Dave & Buster's Entertainment from $60.00 to $55.00 and set a "strong-buy" rating for the company in a research report on Wednesday, July 13th. Stifel Nicolaus cut their target price on shares of Dave & Buster's Entertainment from $45.00 to $36.00 and set a "hold" rating for the company in a research report on Tuesday, June 21st. Finally, Truist Financial cut their target price on shares of Dave & Buster's Entertainment from $67.00 to $57.00 and set a "buy" rating for the company in a research report on Wednesday, July 13th. One equities research analyst has rated the stock with a sell rating, four have assigned a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus price target of $50.10.

Dave & Buster's Entertainment Trading Up 1.1 %

Shares of PLAY opened at $43.14 on Monday. The firm's 50 day simple moving average is $35.67 and its 200 day simple moving average is $39.51. The company has a market capitalization of $2.11 billion, a P/E ratio of 13.70, a P/E/G ratio of 0.85 and a beta of 1.80. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.69 and a quick ratio of 0.56. Dave & Buster's Entertainment has a 1-year low of $29.60 and a 1-year high of $52.54.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Rating) last posted its quarterly earnings results on Tuesday, June 7th. The restaurant operator reported $1.35 EPS for the quarter, topping the consensus estimate of $1.16 by $0.19. The firm had revenue of $451.10 million for the quarter, compared to the consensus estimate of $440.63 million. Dave & Buster's Entertainment had a net margin of 10.47% and a return on equity of 56.54%. The business's revenue was up 70.0% compared to the same quarter last year. During the same period last year, the firm posted $0.40 earnings per share. Sell-side analysts forecast that Dave & Buster's Entertainment will post 3.4 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christopher Daniel Morris bought 33,400 shares of the firm's stock in a transaction that occurred on Wednesday, July 13th. The shares were bought at an average cost of $30.54 per share, with a total value of $1,020,036.00. Following the completion of the purchase, the chief executive officer now directly owns 48,206 shares in the company, valued at $1,472,211.24. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 3.21% of the company's stock.