Dave & Buster's Entertainment (PLAY) is Downgraded by Stifel to Hold

Dave & Buster's Entertainment (PLAY) was Downgraded by Stifel to ” Hold”. Earlier the firm had a rating of “Buy ” on the company shares. Stifel advised their investors in a research report released on Jul 26, 2016.

On the company’s financial health, Dave & Buster's Entertainment reported $0.72 EPS for the quarter, beating the analyst consensus estimate by $ 0.13 according to the earnings call on Jun 7, 2016. Analyst had a consensus of $0.59. The company had revenue of $262.00 million for the quarter, compared to analysts expectations of $251.42 million. The company’s revenue was up 17.6% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.46 EPS.

Dave & Buster's Entertainment closed down -0.08 points or -0.17% at $47.52 with 3,12,530 shares getting traded on Wednesday. Post opening the session at $47.72, the shares hit an intraday low of $47.5 and an intraday high of $48.41 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

In a different news, on Jul 19, 2016, Brian Jenkins (SVP & CFO) sold 9,250 shares at $47.60 per share price. According to the SEC, 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.

Dave & Buster's Entertainment

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