Maxim Group Believes Dave & Busters Entertainment (NASDAQ: PLAY) Won’t Stop Here

By Jason Carr

Maxim Group analyst Stephen Anderson reiterated a Buy rating on Dave & Busters Entertainment (NASDAQ: PLAY) today and set a price target of $72. The company’s shares closed yesterday at $67.55, close to its 52-week high of $68.25.

Anderson said:

“We maintain our Buy rating and $72 price target on Dave & Buster’s Entertainment (PLAY) ahead of the release of F1Q17 (April) results after the close on Tuesday, June 6.”

According to TipRanks.com, Anderson is a 5-star analyst with an average return of 10.0% and a 67.3% success rate. Anderson covers the Services sector, focusing on stocks such as Popeyes Louisiana Kitchen, Brinker International, and Buffalo Wild Wings.

Dave & Busters Entertainment has an analyst consensus of Strong Buy, with a price target consensus of $67.86.

Dave & Busters Entertainment’s market cap is currently $2.85B and has a P/E ratio of 32.17. The company has a book value ratio of 6.4874.

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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.