Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Consensus Rating of “Hold” by Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus rating of “Hold” from the eight ratings firms that are covering the stock, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month target price among brokerages that have updated their coverage on the stock in the last year is $33.8333.

Several analysts have issued reports on the stock. BMO Capital Markets raised their price target on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. Loop Capital raised their price target on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. Piper Sandler raised their price target on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 11th. Truist Financial raised their price target on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a research report on Wednesday, June 11th. Finally, UBS Group raised their price target on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 11th.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $25.34 on Monday. The company has a market capitalization of $876.26 million, a PE ratio of 25.09 and a beta of 2.14. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $43.73. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17. The company’s fifty day moving average price is $29.68 and its 200 day moving average price is $24.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The firm had revenue of $567.70 million during the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster’s Entertainment had a return on equity of 40.67% and a net margin of 1.83%.The business’s revenue was down 3.5% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 EPS. As a group, analysts expect that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Tarun Lal acquired 8,060 shares of Dave & Buster’s Entertainment stock in a transaction dated Tuesday, July 22nd. The stock was bought at an average cost of $31.26 per share, with a total value of $251,955.60. Following the acquisition, the chief executive officer owned 8,060 shares of the company’s stock, valued at approximately $251,955.60. The trade was a ? increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, SVP John Mulleady sold 5,931 shares of the firm’s stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the transaction, the senior vice president directly owned 42,550 shares of the company’s stock, valued at $1,395,214.50. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Clearline Capital LP lifted its holdings in shares of Dave & Buster’s Entertainment by 1,768.8% during the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock worth $33,458,000 after acquiring an additional 1,084,890 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after acquiring an additional 499,412 shares during the period. Patient Capital Management LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 36.6% during the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock worth $51,878,000 after acquiring an additional 476,662 shares during the period. Woodline Partners LP bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth about $6,702,000. Finally, JPMorgan Chase & Co. lifted its holdings in shares of Dave & Buster’s Entertainment by 147.1% during the 2nd quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator’s stock worth $9,897,000 after acquiring an additional 195,834 shares during the period. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Company Profile

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.