Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Stock Has Consensus Target Price of $17.33

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the nine analysts that are currently covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $17.33.

Several research analysts recently weighed in on the stock. Citigroup restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Tuesday, September 15th. Citizens Jmp started coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. BMO Capital Markets cut their target price on shares of Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Finally, Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th.

Insider Activity

In other news, CFO Cory Hatton acquired 4,000 shares of the firm’s stock in a transaction that occurred on Monday, September 28th. The shares were bought at an average cost of $6.50 per share, with a total value of $26,000.00. Following the acquisition, the chief financial officer owned 104,475 shares in the company, valued at approximately $679,087.50. This represents a 3.98% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Nathaniel Lipman bought 12,000 shares of the company’s stock in a transaction that occurred on Thursday, September 17th. The stock was purchased at an average price of $6.78 per share, with a total value of $81,360.00. Following the transaction, the director directly owned 30,715 shares in the company, valued at $208,247.70. The trade was a 64.12% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently bought and sold shares of the business. BlackRock Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $36,725,000. Healthcare of Ontario Pension Plan Trust Fund grew its holdings in shares of Dave & Buster’s Entertainment by 40.1% during the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator’s stock valued at $24,558,000 after purchasing an additional 434,000 shares during the last quarter. Arrowstreet Capital Limited Partnership grew its holdings in shares of Dave & Buster’s Entertainment by 44.9% during the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after purchasing an additional 468,174 shares during the last quarter. Wolf Hill Capital Management LP purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $15,468,694. Finally, SG Americas Securities LLC raised its position in Dave & Buster’s Entertainment by 4.6% in the 1st quarter. SG Americas Securities LLC now owns 663,199 shares of the restaurant operator’s stock worth $7,182,000 after purchasing an additional 29,051 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $6.41 on Tuesday. The firm has a market capitalization of $223.26 million, a P/E ratio of -2.49 and a beta of 1.82. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 17.07. The stock’s 50-day simple moving average is $9.17 and its two-hundred day simple moving average is $10.84. Dave & Buster’s Entertainment has a twelve month low of $6.38 and a twelve month high of $22.10.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share for the quarter, missing the consensus estimate of $0.19 by ($0.46). The business had revenue of $544.10 million during the quarter, compared to analysts’ expectations of $556.83 million. Dave & Buster’s Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. The business’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the business earned $0.32 EPS. As a group, equities analysts anticipate that Dave & Buster’s Entertainment will post -1.38 EPS for the current fiscal year.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster’s locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.