Dave & Buster’s Entertainment (PLAY) Shares Gap Up to $52.04

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) gapped up before the market opened on Wednesday . The stock had previously closed at $50.12, but opened at $52.04. Dave & Buster’s Entertainment shares last traded at $52.33, with a volume of 12550 shares changing hands.

A number of equities analysts recently weighed in on PLAY shares. Jefferies Financial Group decreased their price objective on Dave & Buster’s Entertainment to $58.00 and set a “buy” rating on the stock in a report on Wednesday, December 12th. Zacks Investment Research raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $72.00 price target on the stock in a research note on Friday, October 5th. Maxim Group reaffirmed an “in-line” rating and issued a $64.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 12th. Loop Capital initiated coverage on Dave & Buster’s Entertainment in a research note on Wednesday, October 24th. They issued a “buy” rating and a $70.00 price target on the stock. Finally, BidaskClub cut Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research note on Friday, October 19th. Two investment analysts have rated the stock with a hold rating and twelve have assigned a buy rating to the company’s stock. The stock currently has a consensus rating of “Buy” and an average target price of $65.00.

The company has a quick ratio of 0.33, a current ratio of 0.45 and a debt-to-equity ratio of 0.87. The company has a market cap of $1.96 billion, a PE ratio of 20.05, a P/E/G ratio of 1.23 and a beta of 0.95.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 11th. The restaurant operator reported $0.30 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.24 by $0.06. Dave & Buster’s Entertainment had a return on equity of 26.28% and a net margin of 9.97%. The firm had revenue of $282.14 million for the quarter, compared to analysts’ expectations of $277.28 million. During the same period in the previous year, the firm earned $0.27 earnings per share. The business’s revenue was up 12.9% compared to the same quarter last year. As a group, analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.79 EPS for the current fiscal year.

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 10th. Stockholders of record on Wednesday, December 26th were paid a dividend of $0.15 per share. The ex-dividend date was Monday, December 24th. This represents a $0.60 annualized dividend and a dividend yield of 1.17%. Dave & Buster’s Entertainment’s dividend payout ratio (DPR) is presently 23.08%.

In related news, Director Stephen M. King sold 15,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Tuesday, January 15th. The stock was sold at an average price of $53.17, for a total transaction of $797,550.00. Following the sale, the director now directly owns 40,191 shares in the company, valued at $2,136,955.47. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, SVP J Michael Plunkett sold 1,000 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 13th. The shares were sold at an average price of $46.98, for a total value of $46,980.00. Following the sale, the senior vice president now owns 2,671 shares in the company, valued at $125,483.58. The disclosure for this sale can be found here. Insiders have sold 39,500 shares of company stock worth $2,006,515 over the last 90 days. 3.40% of the stock is currently owned by corporate insiders.

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. State of Alaska Department of Revenue boosted its position in shares of Dave & Buster’s Entertainment by 1.8% during the fourth quarter. State of Alaska Department of Revenue now owns 12,987 shares of the restaurant operator’s stock valued at $578,000 after purchasing an additional 235 shares in the last quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS boosted its holdings in Dave & Buster’s Entertainment by 12.1% in the third quarter. Commonwealth of Pennsylvania Public School Empls Retrmt SYS now owns 9,399 shares of the restaurant operator’s stock worth $622,000 after acquiring an additional 1,014 shares in the last quarter. First Republic Investment Management Inc. boosted its holdings in Dave & Buster’s Entertainment by 8.4% in the third quarter. First Republic Investment Management Inc. now owns 13,895 shares of the restaurant operator’s stock worth $920,000 after acquiring an additional 1,074 shares in the last quarter. Los Angeles Capital Management & Equity Research Inc. boosted its holdings in Dave & Buster’s Entertainment by 4.4% in the third quarter. Los Angeles Capital Management & Equity Research Inc. now owns 32,297 shares of the restaurant operator’s stock worth $2,139,000 after acquiring an additional 1,370 shares in the last quarter. Finally, Tributary Capital Management LLC boosted its holdings in Dave & Buster’s Entertainment by 0.7% in the third quarter. Tributary Capital Management LLC now owns 220,048 shares of the restaurant operator’s stock worth $14,572,000 after acquiring an additional 1,624 shares in the last quarter.

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

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of 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.

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