Dave & Busters Entertainment (PLAY) Receives a Buy from Maxim Group

Maxim Group analyst Stephen Anderson maintained a Buy rating on Dave & Busters Entertainment (PLAY) on January 11 and set a price target of $64. The company’s shares closed yesterday at $52.04.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.1% and a 65.7% 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 $64.57, representing a 24.1% upside. In a report released yesterday, Raymond James also maintained a Buy rating on the stock.

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Dave & Busters Entertainment’s market cap is currently $2.02B and has a P/E ratio of 17.19. The company has a Price to Book ratio of 4.75.

Based on the recent corporate insider activity of 58 insiders, corporate insider sentiment is neutral 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.

TipRanks has tracked 36,000 company insiders and found that a few of them are better than others when it comes to timing their transactions. See which 3 stocks are most likely to make moves following their insider activities.

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.