Featured MNV Articles:
|PLAY: Insiders vs. Shorts
Monday, April 23, 2:19 PM ET, by Market News Video Staff
The most recent short interest data was recently released for the 02/28/2018 settlement date, and ...
First Week of PLAY June 15th Options Trading
Monday, April 30, 10:43 AM ET, by Market News Video Staff
Investors in Dave & Busters Entertainment Inc (PLAY) saw new options become available this week, ...
Analysts Anticipate 13% Gains Ahead For The Holdings of EXT
Tuesday, May 15, 9:21 AM ET, by Market News Video Staff
Looking at the underlying holdings of the ETFs in our coverage universe at ETF Channel, ...
PLAY July 13th Options Begin Trading
Thursday, May 31, 11:21 AM ET, by Market News Video Staff
Investors in Dave & Busters Entertainment Inc (PLAY) saw new options become available today, for ...
Interesting PLAY Put And Call Options For July 27th
Thursday, June 7, 11:11 AM ET, by Market News Video Staff
Investors in Dave & Busters Entertainment Inc (PLAY) saw new options begin trading today, for ...
PLAY Crosses Above Average Analyst Target
By Dividend Channel Staff, Wednesday, June 13, 7:46 AM ET
In recent trading, shares of Dave & Busters Entertainment Inc (NASDAQ:PLAY) have crossed above the average analyst 12-month target price of $54.61, changing hands for $55.82/share. When a stock reaches the target an analyst has set, the analyst logically has two ways to react: downgrade on valuation, or, re-adjust their target price to a higher level. Analyst reaction may also depend on the fundamental business developments that may be responsible for driving the stock price higher — if things are looking up for the company, perhaps it is time for that target price to be raised.
There are 9 different analyst targets contributing to that average for Dave & Busters Entertainment Inc, but the average is just that — a mathematical average. There are analysts with lower targets than the average, including one looking for a price of $49.00. And then on the other side of the spectrum one analyst has a target as high as $68.00. The standard deviation is $5.977.
But the whole reason to look at the average PLAY price target in the first place is to tap into a "wisdom of crowds" effort, putting together the contributions of all the individual minds who contributed to the ultimate number, as opposed to what just one particular expert believes. And so with PLAY crossing above that average target price of $54.61/share, investors in PLAY have been given a good signal to spend fresh time assessing the company and deciding for themselves: is $54.61 just one stop on the way to an even higher target, or has the valuation gotten stretched to the point where it is time to think about taking some chips off the table? Below is a table showing the current thinking of the analysts that cover Dave & Busters Entertainment Inc:
|Recent PLAY Analyst Ratings Breakdown
||1 Month Ago
||2 Month Ago
||3 Month Ago
|Strong buy ratings:
|Strong sell ratings:
The average rating presented in the last row of the above table above is from 1 to 5 where 1 is Strong Buy and 5 is Strong Sell. This article used data provided by Zacks Investment Research via Quandl.com. Get the latest Zacks research report on PLAY — FREE.
This Article's Word Cloud: