Maxim Group Thinks Dave & Busters Entertainment’s Stock is Going to Recover


In a report released today, Stephen Anderson from Maxim Group reiterated a Buy rating on Dave & Busters Entertainment (NASDAQ: PLAY), with a price target of $68. The company’s shares closed on Friday at $38.05, close to its 52-week low of $37.85.

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.5% and a 68.2% success rate. Anderson covers the Services sector, focusing on stocks such as Good Times Restaurants Inc, Dine Brands Global Inc, and Brinker International.

Dave & Busters Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $55.17.

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Dave & Busters Entertainment’s market cap is currently $1.53B and has a P/E ratio of 13.45. The company has a Price to Book ratio of 3.62.

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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.

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