Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Rating of “Moderate Buy” by Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been given an average recommendation of “Moderate Buy” by the six brokerages that are presently covering the firm, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $69.21.

PLAY has been the topic of several recent research reports. Piper Sandler reiterated a “neutral” rating and issued a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. StockNews.com upgraded shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Wednesday, April 10th. Jefferies Financial Group upped their price objective on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a research note on Wednesday, March 6th. UBS Group boosted their price target on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday, April 3rd. Finally, Truist Financial raised their price objective on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the stock a “buy” rating in a research note on Wednesday, April 3rd.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $3,803,848.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Federated Hermes Inc. increased its stake in Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after buying an additional 292 shares during the period. Principal Securities Inc. purchased a new position in Dave & Buster’s Entertainment during the 4th quarter valued at about $38,000. FSC Wealth Advisors LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $45,000. GAMMA Investing LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $53,000. Finally, Headlands Technologies LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $54,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Up 2.5 %

Shares of PLAY stock opened at $53.50 on Tuesday. The stock has a market capitalization of $2.16 billion, a P/E ratio of 19.04 and a beta of 2.08. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. The firm’s 50 day moving average is $60.46 and its 200 day moving average is $51.18. Dave & Buster’s Entertainment has a 12-month low of $31.65 and a 12-month high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, April 2nd. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.04). The firm had revenue of $599.10 million during the quarter, compared to the consensus estimate of $603.41 million. Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. Research analysts expect that Dave & Buster’s Entertainment will post 3.89 earnings per share for the current year.

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.