Dave & Buster’s Entertainment Inc. (PLAY) Issues Earnings Results
Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) posted its earnings results on Tuesday. The company reported $0.50 earnings per share for the quarter, beating the consensus estimate of $0.44 by $0.06. The firm earned $244.30 million during the quarter, compared to analyst estimates of $243.14 million.
A number of equities research analysts have recently issued reports on the stock. Canaccord Genuity assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, August 22nd. They issued a “buy” rating and a $52.00 price target on the stock. BMO Capital Markets reissued a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, June 8th. Stifel Nicolaus downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $50.00 to $45.00 in a research note on Tuesday, July 26th. Piper Jaffray Cos. reissued an “overweight” rating and issued a $51.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, August 31st. Finally, Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “sell” rating in a research note on Wednesday, August 10th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $47.64.
Dave & Buster’s Entertainment (NASDAQ:PLAY) traded down 0.71% on Tuesday, reaching $46.27. 2,500,254 shares of the company’s stock traded hands. The firm has a market capitalization of $1.93 billion and a P/E ratio of 27.99. The stock has a 50-day moving average of $45.20 and a 200 day moving average of $41.79. Dave & Buster’s Entertainment has a 52 week low of $29.54 and a 52 week high of $49.90.
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In related news, COO Dolf A. Berle sold 5,250 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, August 17th. The stock was sold at an average price of $43.57, for a total value of $228,742.50. Following the sale, the chief operating officer now owns 5,251 shares of the company’s stock, valued at approximately $228,786.07. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, SVP Margo Lynn Manning sold 6,447 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Wednesday, June 8th. The shares were sold at an average price of $44.81, for a total value of $288,890.07. Following the completion of the sale, the senior vice president now directly owns 5,815 shares in the company, valued at approximately $260,570.15. The disclosure for this sale can be found here.
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