After SunTrust Robinson and Loop Capital Markets gave Dave & Busters Entertainment (NASDAQ: PLAY) a Buy rating last month, the company received another Buy, this time from Maxim Group. Analyst Stephen Anderson maintained a Buy rating on Dave & Busters Entertainment today and set a price target of $64. The company’s shares opened today at $53.96.
Anderson commented:
“We maintain our Buy rating and $64 price target on Dave & Buster’s (PLAY) following yesterday’s release of better-than-expected F4Q18 (January 2019)- to-date comps, as well as this morning’s presentation at the ICR Conference in Orlando.”
According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.3% and a 67.7% success rate. Anderson covers the Services sector, focusing on stocks such as Good Times Restaurants Inc, Dine Brands Global Inc, and Del Taco Restaurants.
Currently, the analyst consensus on Dave & Busters Entertainment is a Strong Buy with an average price target of $64, which is a 18.6% upside from current levels. In a report released today, Loop Capital Markets also maintained a Buy rating on the stock with a $65 price target.
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The company has a one-year high of $67.05 and a one-year low of $37.85. Currently, Dave & Busters Entertainment has an average volume of 938.7K.
Based on the recent corporate insider activity of 55 insiders, corporate insider sentiment is negative on the stock. Most recently, in December 2018, Michael Plunkett, the SVP of Purch & Intl Ops of PLAY sold 1,000 shares for a total of $46,970.
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Dave & Buster’s Entertainment, Inc. is an owner and operator of entertainment and dining venues under the name Dave & Buster’s. Its concept is to offer its customers the opportunity to Eat Drink Play all in one location, through a full menu of casual dining food items and a full selection of non-alcoholic and alcoholic beverage items together with an extensive assortment of entertainment attractions, including skill and sports-oriented redemption games, video games, interactive simulators and other traditional games. The company was founded by David O. Corriveau and James W. Corley in 1982 and is headquartered in Dallas, TX.
