Truist Financial Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $22.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target reduced by Truist Financial from $27.00 to $22.00 in a research report released on Tuesday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

Several other analysts have also weighed in on the stock. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets boosted their price target on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, June 11th. Loop Capital increased their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. Finally, Piper Sandler dropped their target price on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday. Two equities research analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the stock presently has an average rating of “Hold” and an average target price of $31.33.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $20.39 on Tuesday. The company has a fifty day moving average of $26.49 and a 200-day moving average of $23.97. The firm has a market capitalization of $706.92 million, a P/E ratio of 59.97 and a beta of 2.04. The company has a quick ratio of 0.17, a current ratio of 0.33 and a debt-to-equity ratio of 9.32. Dave & Buster’s Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.60). The company had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The business’s revenue was up .1% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.99 EPS. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Tarun Lal purchased 8,060 shares of the business’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were bought at an average cost of $31.26 per share, with a total value of $251,955.60. Following the acquisition, the chief executive officer owned 8,060 shares of the company’s stock, valued at $251,955.60. This represents a ? increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which is accessible through this hyperlink. Company insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. US Bancorp DE boosted its holdings in shares of Dave & Buster’s Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock worth $27,000 after buying an additional 1,273 shares during the last quarter. Farther Finance Advisors LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth about $37,000. Signaturefd LLC lifted its holdings in Dave & Buster’s Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 3,997 shares during the last quarter. GAMMA Investing LLC lifted its holdings in Dave & Buster’s Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 4,253 shares during the last quarter. Finally, Federated Hermes Inc. purchased a new stake in Dave & Buster’s Entertainment during the first quarter valued at about $139,000. 91.45% of the stock is 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.