Maxim Group Initiates Coverage On Dave & Buster's Entertainment to Buy with Price Target $72

Maxim Group Initiates Coverage On Dave & Buster's Entertainment(PLAY). In a research note issued to the investors, the brokerage major Announces the price-target to $72 per share. The shares have been rated Buy. The rating by the stock financial advisor at Maxim Group was issued on Mar 20, 2017 in a research report to their Investors and Clients.

In a different note, SunTrust Robinson Humphrey said it Initiates Coverage On Dave & Buster's Entertainment, according to a research note issued on Dec 21, 2016. In the research note, the firm Announces the price-target to $68 per share. The shares have been rated ‘Buy’ by the firm.

Dave & Buster's Entertainment (PLAY) made into the market gainers list on Wednesdays trading session with the shares advancing 0.48% or 0.28 points. Due to strong positive momentum, the stock ended at $59.22, which is also near the day’s high of $59.37. The stock began the session at $59.07 and the volume stood at 6,28,319 shares. The 52-week high of the shares is $61.2 and the 52 week low is $36.83. The company has a current market capitalization of $2,490 M and it has 4,20,51,159 shares in outstanding.

Dave & Buster's Entertainment(PLAY) last announced its earnings results on Dec 6, 2016 for Fiscal Year 2016 and Q3.Company reported revenue of $228.66M. Analysts had an estimated revenue of $216.74M. Earnings per share were $0.25. The reported EPS was above estimates by $0.11 or 0.79%. Analysts had estimated an EPS of $0.14.

Several Insider Transactions has been reported to the SEC. On Mar 16, 2017, John Mulleady (SVP, RE & Dev) sold 2,500 shares at $59.26 per share price.Also, On Mar 10, 2017, Joseph Benjamin Deprospero (Vice President of Finance) sold 2,000 shares at $59.00 per share price.On Feb 1, 2017, Margo Lynn Manning (SVP of Human Resources) sold 9,000 shares at $54.23 per share price, according to the Form-4 filing with the securities and exchange commission.

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