Raymond James analyst Brian Vaccaro maintained a Buy rating on Dave & Busters Entertainment (PLAY) today. The company’s shares closed last Monday at $45.89, close to its 52-week high of $51.73.
According to TipRanks.com, Vaccaro is a 5-star analyst with an average return of 15.0% and a 55.3% success rate. Vaccaro covers the Services sector, focusing on stocks such as Carrols Restaurant Group, Brinker International, and Cheesecake Factory.
Currently, the analyst consensus on Dave & Busters Entertainment is a Moderate Buy with an average price target of $49.43, which is a 7.4% upside from current levels. In a report issued on April 20, William Blair also upgraded the stock to Buy.
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Based on Dave & Busters Entertainment’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $117 million and GAAP net loss of $56.79 million. In comparison, last year the company earned revenue of $347 million and had a net profit of $24.98 million.
Based on the recent corporate insider activity of 76 insiders, corporate insider sentiment is negative on the stock. This means that over the past quarter there has been an increase of insiders selling their shares of PLAY in relation to earlier this year.
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.
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