Dave & Buster's Entertainment, Inc. (PLAY) Stock Formed Double Bottom. What To Expect?

June 18, 2018 - By Margaret Downey

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Logo

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.12, from 0.96 in 2017Q4. It increased, as 41 investors sold Dave & Buster's Entertainment, Inc. shares while 66 reduced holdings. 39 funds opened positions while 77 raised stakes. 42.12 million shares or 4.33% less from 44.03 million shares in 2017Q4 were reported.
Ftb Advsr invested 0% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Fortaleza Asset Management holds 3,645 shares or 0.92% of its portfolio. Swiss Bank & Trust holds 72,273 shares. Fifth Third Comml Bank owns 75 shares for 0% of their portfolio. Public Employees Retirement Association Of Colorado owns 1,695 shares for 0% of their portfolio. Cwm Ltd accumulated 0% or 265 shares. 64,175 were accumulated by Arizona State Retirement Systems. 94,831 were reported by Rhumbline Advisers. Los Angeles Capital Mgmt Equity has invested 0.01% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). New York-based New York State Common Retirement Fund has invested 0% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). 3,545 are owned by Ameritas Prtnrs. Eaton Vance Mgmt has invested 0% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Cap Fund Mngmt Sa accumulated 0.08% or 326,024 shares. Vanguard Group Incorporated stated it has 0.01% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Voloridge Management Ltd Com stated it has 180,398 shares.

The chart of Dave & Buster's Entertainment, Inc. (PLAY) shows a double bottom with $52.08 target or 6.00 % below today’s $55.40 share price. The 8 months chart pattern indicates high risk for the $2.18 billion company. It was reported on Jun, 18 by Finviz.com. If the $52.08 price target is reached, the company will be worth $130.86M less. Double bottoms are rare but powerful chart patterns.

The stock increased 0.71% or $0.39 during the last trading session, reaching $55.4. About 1.10M shares traded. Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has declined 38.89% since June 18, 2017 and is downtrending. It has underperformed by 51.46% the S&P500.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Ratings Coverage

Among 7 analysts covering Dave & Busters Entertainment (NASDAQ:PLAY), 7 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Dave & Busters Entertainment had 18 analyst reports since December 22, 2017 according to SRatingsIntel. The stock of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has “Outperform” rating given on Tuesday, June 12 by Raymond James. On Tuesday, April 17 the stock rating was maintained by Maxim Group with “Buy”. The firm has “Buy” rating given on Monday, May 21 by Maxim Group. Canaccord Genuity maintained the shares of PLAY in report on Monday, April 2 with “Buy” rating. Maxim Group maintained the shares of PLAY in report on Wednesday, January 10 with “Buy” rating. The stock of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) earned “Outperform” rating by BMO Capital Markets on Tuesday, June 12. The rating was maintained by SunTrust on Tuesday, April 3 with “Buy”. Canaccord Genuity maintained Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) on Friday, January 12 with “Buy” rating. The stock of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) earned “Outperform” rating by BMO Capital Markets on Wednesday, April 4. As per Thursday, March 29, the company rating was maintained by Canaccord Genuity.

More notable recent Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) news were published by: Benzinga.com which released: “7 Stocks Moving In Monday’s After-Hours Session” on June 12, 2018, also Streetinsider.com with their article: “Pre-Open Movers 06/12: (GLMD) (RH) (PLAY) Higher; (IDRA) (JCAP) (IMMU) Lower (more…)” published on June 12, 2018, Nasdaq.com published: “Dave & Buster’s Entertainment, Inc. to Report First Quarter 2018 Financial Results on June 11, 2018” on May 29, 2018. More interesting news about Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) were released by: Nasdaq.com and their article: “3 Things to Watch in the Stock Market This Week” published on June 10, 2018 as well as Seekingalpha.com‘s news article titled: “Stocks To Watch: Focus On E3, IHOP/b And The World Cup” with publication date: June 09, 2018.

Dave & BusterÂ’s Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. The company has market cap of $2.18 billion. The Company’s venues offer a menu of ‘Fun American New GourmetÂ’ entrées and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. It has a 19.51 P/E ratio. The firm operates its venues under the Dave & BusterÂ’s name.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Ratings Chart

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