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

In a report released today, Stephen Anderson from Maxim Group maintained a Buy rating on Dave & Busters Entertainment (PLAYResearch Report), with a price target of $76. The company’s shares closed yesterday at $53.82.

Anderson wrote:

“We maintain our Buy rating on Dave & Buster’s Entertainment (PLAY) and raise our price target to $76, from $71, ahead of the release of F3Q18 (October) results on Tuesday, December 11 after the close.”

According to TipRanks.com, Anderson is a top 100 analyst with an average return of 12.5% and a 69.2% success rate. Anderson covers the Services sector, focusing on stocks such as Good Times Restaurants Inc, Dine Brands Global Inc, and Del Taco Restaurants.

The word on The Street in general, suggests a Strong Buy analyst consensus rating for Dave & Busters Entertainment with a $71.75 average price target, a 33.3% upside from current levels. 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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Dave & Busters Entertainment’s market cap is currently $2.1B and has a P/E ratio of 17.82. The company has a Price to Book ratio of 4.76.

Based on the recent corporate insider activity of 59 insiders, corporate insider sentiment is neutral on the stock.

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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