Truist Financial Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $56.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price trimmed by Truist Financial from $59.00 to $56.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a buy rating on the restaurant operator’s stock.

Other equities analysts also recently issued research reports about the stock. Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Trading Up 4.3 %

NASDAQ PLAY opened at $37.62 on Tuesday. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.73 and a beta of 2.13. The stock’s 50 day moving average is $36.00 and its 200 day moving average is $38.10. Dave & Buster’s Entertainment has a twelve month low of $29.31 and a twelve month high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter last year, the firm posted $0.94 earnings per share. Research analysts forecast that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CEO Christopher Daniel Morris bought 14,912 shares of the business’s stock in a transaction on Monday, October 7th. The stock was acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. O Shaughnessy Asset Management LLC purchased a new stake in Dave & Buster’s Entertainment during the first quarter valued at $249,000. CANADA LIFE ASSURANCE Co grew its stake in shares of Dave & Buster’s Entertainment by 16.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock valued at $2,016,000 after purchasing an additional 4,569 shares during the period. Price T Rowe Associates Inc. MD increased its position in shares of Dave & Buster’s Entertainment by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at about $315,000. Finally, SG Americas Securities LLC lifted its stake in shares of Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after purchasing an additional 36,793 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees 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.