Dave & Busters Entertainment (PLAY) Received its Third Buy in a Row

After Jefferies 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 closed yesterday at $51.03.

Anderson noted:

“We maintain our Buy rating on Dave & Buster’s (PLAY), though lower our price target to $64, from $76, following the release of mixed F3Q18 (October) results.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 12.2% and a 68.7% success rate. Anderson covers the Services sector, focusing on stocks such as Good Times Restaurants Inc, Dine Brands Global Inc, and Del Taco Restaurants.

Dave & Busters Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $70.89, representing a 38.9% upside. In a report issued on December 4, Jefferies also maintained a Buy rating on the stock with a $72 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 904.2K.

Based on the recent corporate insider activity of 57 insiders, corporate insider sentiment is neutral on the stock.

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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.