Deutsche Bank analyst Brian Mullan maintained a Hold rating on Dave & Busters Entertainment (PLAY – Research Report) today and set a price target of $18.00. The company’s shares closed last Thursday at $14.63.
According to TipRanks.com, Mullan is a 1-star analyst with an average return of -2.6% and a 45.8% success rate. Mullan covers the Services sector, focusing on stocks such as Restaurant Brands International, Papa John’s International, and Carrols Restaurant Group.
Currently, the analyst consensus on Dave & Busters Entertainment is a Moderate Buy with an average price target of $14.71, implying a -2.8% downside from current levels. In a report issued on June 8, SunTrust Robinson also maintained a Hold rating on the stock with a $17.00 price target.
Based on Dave & Busters Entertainment’s latest earnings release for the quarter ending January 31, the company reported a quarterly revenue of $347 million and net profit of $24.98 million. In comparison, last year the company earned revenue of $332 million and had a net profit of $29.44 million.
Based on the recent corporate insider activity of 28 insiders, corporate insider sentiment is positive on the stock. This means that over the past quarter there has been an increase of insiders buying their shares of PLAY in relation to earlier this year.
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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.