Analysts Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $21.83

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned an average rating of “Hold” from the seven ratings firms that are currently covering the firm, Marketbeat Ratings reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating on the company. The average 1-year target price among brokerages that have covered the stock in the last year is $19.3333.

A number of equities research analysts have issued reports on the stock. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Piper Sandler reduced their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a report on Tuesday. UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, Wall Street Zen cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, April 6th.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $11.95 on Friday. The firm has a market cap of $415.74 million, a PE ratio of -6.32 and a beta of 1.81. Dave & Buster’s Entertainment has a 52-week low of $9.61 and a 52-week high of $35.53. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The company’s 50 day moving average is $11.94 and its two-hundred day moving average is $14.71.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). The business had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.Dave & Buster’s Entertainment’s quarterly revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $0.76 earnings per share. On average, research analysts expect that Dave & Buster’s Entertainment will post -1.02 EPS for the current fiscal year.

Insider Activity

In other news, SVP Steve Klohn sold 6,989 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the completion of the sale, the senior vice president directly owned 38,547 shares of the company’s stock, valued at approximately $566,255.43. The trade was a 15.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently modified their holdings of the company. Raymond James Financial Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 0.5% during the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after buying an additional 637 shares during the period. Deutsche Bank AG lifted its stake in shares of Dave & Buster’s Entertainment by 3.1% during the fourth quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after buying an additional 741 shares during the period. Nuveen LLC lifted its stake in shares of Dave & Buster’s Entertainment by 1.2% during the fourth quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock valued at $1,657,000 after buying an additional 1,254 shares during the period. Advisory Services Network LLC purchased a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its stake in shares of Dave & Buster’s Entertainment by 616.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,671 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Company Profile

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.