Stifel Nicolaus Downgrades Dave & Buster's Entertainment to Hold

Brokerage firm Stifel Nicolaus Downgrades its rating on Dave & Buster's Entertainment(NASDAQ:PLAY). The shares have been rated Hold. Previously, the analysts had a Buy rating on the shares. The rating by Stifel Nicolaus was issued on Jul 26, 2016.

Dave & Buster's Entertainment (PLAY) shares turned negative on Fridays trading session with the shares closing down -0.94 points or -2.07% at a volume of 10,16,705. The pessimistic mood was evident in the company shares which never went considerably beyond the level of $45.77. The peak price level was also seen at $45.77 while the days lowest was $44.4. Finally the shares closed at $44.5. The 52-week high of the shares is $49.8971 while the 52-week low is $29.54. According to the latest information available, the market cap of the company is $1,858 M.

Dave & Buster's Entertainment(PLAY) last announced its earnings results on Jun 7, 2016 for Fiscal Year 2016 and Q1.Company reported revenue of $261.99M. Analysts had an estimated revenue of $251.42M. Earnings per share were $0.72. Analysts had estimated an EPS of $0.59.

Several Insider Transactions has been reported to the SEC. On Jul 19, 2016, Brian Jenkins (SVP & CFO) sold 9,250 shares at $47.60 per share price.Also, On Jul 19, 2016, Dolf A Berle (Pres. & COO) sold 8,000 shares at $47.60 per share price.On Jul 15, 2016, John Mulleady (SVP, RE & Dev) sold 2,500 shares at $47.62 per share price, according to the Form-4 filing with the securities and exchange commission.

Comments (0)

Leave a Reply

Your email address will not be published. Required fields are marked *