Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $22.60 Average PT from Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received an average rating of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokers that have covered the stock in the last year is $23.8333.

A number of equities analysts have commented on PLAY shares. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a report on Friday, January 16th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, UBS Group lowered their target price on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Advisory Services Network LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $27,000. Farther Finance Advisors LLC bought a new position in Dave & Buster’s Entertainment in the 2nd quarter worth about $37,000. Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $104,000. AlphaQuest LLC raised its holdings in shares of Dave & Buster’s Entertainment by 415.9% during the third quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 6,525 shares during the last quarter. Finally, Tower Research Capital LLC TRC raised its holdings in shares of Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 3,772 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Stock Up 2.5%

Shares of Dave & Buster’s Entertainment stock opened at $21.17 on Thursday. The business has a 50-day moving average price of $17.18 and a 200 day moving average price of $20.87. Dave & Buster’s Entertainment has a fifty-two week low of $13.04 and a fifty-two week high of $35.53. The firm has a market cap of $734.18 million, a P/E ratio of -529.12 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm had revenue of $448.20 million during the quarter, compared to analyst estimates of $460.66 million. During the same quarter in the previous year, the business posted ($0.45) EPS. Dave & Buster’s Entertainment’s revenue was down 1.1% compared to the same quarter last year. On average, sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.