Dave & Buster’s Entertainment (NASDAQ:PLAY) Downgraded by Wall Street Zen to “Sell”

Dave & Buster’s Entertainment (NASDAQ:PLAY) was downgraded by investment analysts at Wall Street Zen from a “hold” rating to a “sell” rating in a report issued on Saturday.

Several other equities research analysts have also commented on the company. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, January 16th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Finally, Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $12.82 on Friday. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87. The firm’s fifty day simple moving average is $16.63 and its two-hundred day simple moving average is $17.39. Dave & Buster’s Entertainment has a 12 month low of $12.55 and a 12 month high of $35.53. The stock has a market capitalization of $444.60 million, a P/E ratio of -320.42 and a beta of 1.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. AQR Capital Management LLC purchased a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at about $430,000. Commonwealth of Pennsylvania Public School Empls Retrmt SYS purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $214,000. Creative Planning bought a new stake in Dave & Buster’s Entertainment during the second quarter worth $311,000. JPMorgan Chase & Co. lifted its holdings in Dave & Buster’s Entertainment by 147.1% during the second quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator’s stock worth $9,897,000 after acquiring an additional 195,834 shares during the period. Finally, XTX Topco Ltd grew its stake in Dave & Buster’s Entertainment by 224.2% in the 2nd quarter. XTX Topco Ltd now owns 65,309 shares of the restaurant operator’s stock valued at $1,964,000 after purchasing an additional 45,165 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.