Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $46.67 Average Price Target from Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have received a consensus rating of “Hold” from the eight ratings firms that are currently covering the firm, MarketBeat reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 12 month price target among brokers that have updated their coverage on the stock in the last year is $46.67.

Several brokerages recently commented on PLAY. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets cut their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th.

Dave & Buster’s Entertainment Price Performance

NASDAQ:PLAY opened at $19.83 on Friday. The stock has a 50 day moving average of $23.04 and a two-hundred day moving average of $29.86. Dave & Buster’s Entertainment has a 12 month low of $17.02 and a 12 month high of $69.82. The firm has a market cap of $763.51 million, a P/E ratio of 9.82 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors have recently made changes to their positions in PLAY. Clare Market Investments LLC purchased a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $540,000. XTX Topco Ltd increased its position in shares of Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. increased its position in shares of Dave & Buster’s Entertainment by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares during the last quarter. Principal Financial Group Inc. raised its holdings in Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after buying an additional 3,494 shares during the period. Finally, Intech Investment Management LLC lifted its position in Dave & Buster’s Entertainment by 68.8% in the fourth quarter. Intech Investment Management LLC now owns 36,215 shares of the restaurant operator’s stock valued at $1,057,000 after buying an additional 14,759 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.