Dave & Buster’s Entertainment (NASDAQ:PLAY) Upgraded by Zacks Research to Hold Rating

Dave & Buster’s Entertainment (NASDAQ:PLAY) was upgraded by research analysts at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other research firms have also issued reports on PLAY. Truist Financial boosted their target price on Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. BMO Capital Markets cut their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Benchmark reissued a “hold” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Finally, UBS Group restated a “neutral” rating and issued a $20.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Friday, December 5th. Two research analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average price target of $23.80.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $19.86 on Thursday. The firm has a fifty day moving average of $16.57 and a two-hundred day moving average of $23.03. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The stock has a market capitalization of $688.74 million, a price-to-earnings ratio of -496.38 and a beta of 1.77. Dave & Buster’s Entertainment has a 52 week low of $13.04 and a 52 week high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The company had revenue of $448.20 million during the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business earned ($0.45) earnings per share. As a group, equities research analysts predict that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently made changes to their positions in the stock. US Bancorp DE lifted its position in Dave & Buster’s Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 1,273 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 9.5% in the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock valued at $9,081,000 after purchasing an additional 44,911 shares during the period. Invesco Ltd. lifted its holdings in shares of Dave & Buster’s Entertainment by 16.7% in the first quarter. Invesco Ltd. now owns 243,849 shares of the restaurant operator’s stock valued at $4,284,000 after purchasing an additional 34,935 shares in the last quarter. Nuveen LLC acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth about $2,453,000. Finally, Public Sector Pension Investment Board boosted its position in shares of Dave & Buster’s Entertainment by 24.7% during the first quarter. Public Sector Pension Investment Board now owns 97,658 shares of the restaurant operator’s stock worth $1,716,000 after buying an additional 19,358 shares during the period. Institutional investors own 91.45% of the company’s stock.

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.