Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Up 6% – Still a Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) traded up 6% during mid-day trading on Thursday . The company traded as high as $19.16 and last traded at $19.39. 230,455 shares were traded during mid-day trading, a decline of 84% from the average session volume of 1,465,769 shares. The stock had previously closed at $18.29.

Analysts Set New Price Targets

PLAY has been the topic of a number of analyst reports. Piper Sandler reduced their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research note on Tuesday, April 8th. Finally, BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus price target of $33.00.

Dave & Buster’s Entertainment Stock Up 9.2 %

The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock’s fifty day simple moving average is $19.86 and its 200-day simple moving average is $28.07. The stock has a market capitalization of $689.61 million, a PE ratio of 9.89 and a beta of 1.86.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster’s Entertainment’s quarterly revenue was down 10.8% compared to the same quarter last year. During the same period last year, the company posted $0.88 earnings per share. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently modified their holdings of the stock. Clearline Capital LP raised its stake in shares of Dave & Buster’s Entertainment by 1,768.8% in the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after buying an additional 1,084,890 shares during the period. Patient Capital Management LLC raised its stake in Dave & Buster’s Entertainment by 36.6% in the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock valued at $51,878,000 after acquiring an additional 476,662 shares during the period. SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Boston Partners boosted its position in Dave & Buster’s Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after purchasing an additional 323,595 shares during the period. Finally, Woodline Partners LP purchased a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth about $6,702,000. 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.