Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Raised to $35.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target lifted by BMO Capital Markets from $30.00 to $35.00 in a research report sent to investors on Wednesday morning,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Several other equities analysts have also recently commented on the stock. UBS Group boosted their target price on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday. Loop Capital lifted their price target on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday. Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial lifted their price target on shares of Dave & Buster’s Entertainment from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and an average price target of $33.83.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $30.17 on Wednesday. The firm has a 50 day moving average of $21.12 and a 200-day moving average of $24.04. The stock has a market capitalization of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 12 month low of $15.08 and a 12 month high of $44.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued 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 analyst estimates of $572.12 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster’s Entertainment’s quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.99 earnings per share. On average, equities research analysts predict that Dave & Buster’s Entertainment will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Clare Market Investments LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $540,000. Quinn Opportunity Partners LLC bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $1,943,000. Raymond James Financial Inc. bought a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $3,677,000. Principal Financial Group Inc. grew its holdings in Dave & Buster’s Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after acquiring an additional 3,494 shares during the last quarter. Finally, Bank of America Corp DE grew its holdings in Dave & Buster’s Entertainment by 50.7% during the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator’s stock worth $6,209,000 after acquiring an additional 71,520 shares during the last quarter. 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.