Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $53.38

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been assigned an average rating of “Hold” from the ten brokerages that are covering the stock, Marketbeat reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $53.38.

A number of research analysts have issued reports on PLAY shares. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating on the stock. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, Loop Capital dropped their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $28.33 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a fifty-two week low of $25.00 and a fifty-two week high of $69.82. The business has a fifty day moving average of $33.62 and a 200-day moving average of $34.26. The stock has a market cap of $1.09 billion, a price-to-earnings ratio of 14.02 and a beta of 2.17.

Insider Transactions at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan bought 37,735 shares of the stock in a transaction dated Thursday, December 12th. The stock was acquired at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the stock. Kimelman & Baird LLC purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $28,000. Quarry LP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at about $121,000. Allspring Global Investments Holdings LLC increased its position in shares of Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment in the third quarter worth about $144,000. Hedge funds and other 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.