Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Consensus Recommendation of “Hold” from Brokerages

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received an average recommendation of “Hold” from the ten ratings firms that are presently covering the company, Marketbeat.com reports. Seven analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued ratings on the stock in the last year is $51.43.

A number of brokerages have recently issued reports on PLAY. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital decreased their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Finally, Gordon Haskett reiterated a “hold” rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan acquired 19,025 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 19th. The stock was bought at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. This represents a 38.05 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Quarry LP purchased a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth about $47,000. KBC Group NV lifted its position in shares of Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares during the last quarter. Point72 Hong Kong Ltd purchased a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $144,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Price Performance

PLAY opened at $20.89 on Monday. The business has a fifty day moving average of $26.59 and a 200 day moving average of $31.50. The stock has a market cap of $804.33 million, a P/E ratio of 10.34 and a beta of 2.17. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 52-week low of $20.57 and a 52-week high of $69.82.

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.