Published On: Wed, Sep 7th, 2016

Dave & Buster’s Entertainment’s (PLAY) “Buy” Rating Reaffirmed at Jefferies Group

Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY)‘s stock had its “buy” rating reiterated by equities research analysts at Jefferies Group in a research note issued on Wednesday.
Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) opened at 46.27 on Wednesday. Dave & Buster’s Entertainment has a 1-year low of $29.54 and a 1-year high of $49.90. The firm has a market cap of $1.93 billion and a price-to-earnings ratio of 27.99. The stock has a 50 day moving average of $45.09 and a 200-day moving average of $42.03.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 6th. The company reported $0.50 EPS for the quarter, topping the Zacks’ consensus estimate of $0.44 by $0.06. The firm had revenue of $244.30 million for the quarter. The business’s revenue was up 12.4% compared to the same quarter last year. During the same period in the prior year, the firm posted $0.40 EPS. Equities analysts anticipate that Dave & Buster’s Entertainment will post $1.93 EPS for the current fiscal year.

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In related news, SVP Margo Lynn Manning sold 22,500 shares of the stock in a transaction dated Tuesday, June 14th. The shares were sold at an average price of $48.46, for a total value of $1,090,350.00. Following the sale, the senior vice president now directly owns 22,501 shares of the company’s stock, valued at approximately $1,090,398.46. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, SVP John Mulleady sold 2,500 shares of the stock in a transaction dated Friday, July 15th. The shares were sold at an average price of $47.63, for a total transaction of $119,075.00. Following the completion of the sale, the senior vice president now directly owns 2,501 shares in the company, valued at $119,122.63. The disclosure for this sale can be found here.
A number of large investors have modified their holdings of PLAY. RS Investment Management Co. LLC boosted its stake in shares of Dave & Buster’s Entertainment by 3.3% in the second quarter. RS Investment Management Co. LLC now owns 599,832 shares of the company’s stock worth $28,066,000 after buying an additional 19,220 shares during the last quarter. Sanders Morris Harris Inc. purchased a new position in Dave & Buster’s Entertainment during the second quarter worth about $281,000. Parametrica Management Ltd purchased a new position in Dave & Buster’s Entertainment during the second quarter worth about $216,000. AMI Asset Management Corp raised its position in Dave & Buster’s Entertainment by 13.6% in the second quarter. AMI Asset Management Corp now owns 310,621 shares of the company’s stock worth $14,534,000 after buying an additional 37,243 shares during the period. Finally, First National Bank of Omaha purchased a new position in Dave & Buster’s Entertainment during the second quarter worth about $442,000.
A number of other brokerages also recently commented on PLAY. Stifel Nicolaus downgraded shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their price objective for the stock from $50.00 to $45.00 in a research report on Tuesday, July 26th. BMO Capital Markets restated a “buy” rating and set a $51.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Thursday, September 1st. Piper Jaffray Cos. restated an “overweight” rating and set a $51.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Wednesday, August 31st. Canaccord Genuity assumed coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, August 22nd. They set a “buy” rating and a $52.00 price objective for the company. Finally, Zacks Investment Research downgraded shares of Dave & Buster’s Entertainment from a “strong-buy” rating to a “sell” rating in a research report on Wednesday, August 10th. One research analyst has rated the stock with a sell rating, three have given a hold rating and five have assigned a buy rating to the company. The company currently has an average rating of “Hold” and a consensus price target of $47.64.

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