Loop Capital Issues Pessimistic Forecast for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective decreased by stock analysts at Loop Capital from $45.00 to $35.00 in a report released on Tuesday,Benzinga reports. The firm currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price objective would suggest a potential upside of 117.93% from the company’s previous close.

Several other equities analysts have also weighed in on PLAY. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Piper Sandler lowered their price objective on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday. Truist Financial reduced their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. Finally, BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average price target of $35.83.

Dave & Buster’s Entertainment Stock Down 0.8 %

PLAY traded down $0.13 during midday trading on Tuesday, reaching $16.06. 4,277,759 shares of the company were exchanged, compared to its average volume of 1,477,420. The company has a market cap of $618.36 million, a price-to-earnings ratio of 7.95 and a beta of 1.86. Dave & Buster’s Entertainment has a one year low of $15.08 and a one year high of $65.38. The company’s fifty day moving average price is $21.79 and its 200 day moving average price is $29.15. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

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

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently bought and sold shares of the stock. SBI Securities Co. Ltd. bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $47,000. Quarry LP purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at about $47,000. KBC Group NV raised its stake 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 acquiring an additional 885 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth about $175,000. Finally, Aristides Capital LLC purchased a new position in Dave & Buster’s Entertainment during the 4th quarter valued at about $207,000. 91.45% of the stock is currently owned by hedge funds and other 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.