Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $19.33 Consensus Price Target from Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average recommendation of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. One research analyst has rated the stock with a sell recommendation, six have assigned a hold recommendation and two have given a buy recommendation to the company. The average 12 month target price among analysts that have issued ratings on the stock in the last year is $19.3333.

Several equities research analysts recently weighed in on the company. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Citigroup initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating on the stock. Citizens Jmp initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating for the company. UBS Group reduced their target price on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a research note on Tuesday, June 16th. Finally, BMO Capital Markets lowered 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, June 16th.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently added to or reduced their stakes in the company. Cibc World Market Inc. purchased a new position in Dave & Buster’s Entertainment in the second quarter worth $2,098,000. ING Groep NV purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth $7,311,000. Wolf Hill Capital Management LP acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $15,468,694. Patient Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $2,326,000. Finally, GSA Capital Partners LLP purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $1,228,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $8.67 on Friday. The stock’s 50-day moving average price is $10.26 and its 200 day moving average price is $11.73. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The stock has a market capitalization of $301.63 million, a PE ratio of -4.59 and a beta of 1.82. Dave & Buster’s Entertainment has a 52-week low of $8.30 and a 52-week high of $24.99.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). The company 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%.The firm’s revenue was down 1.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.76 earnings per share. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post -1.1 EPS for the current 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.