Dave & Buster’s Entertainment (NASDAQ:PLAY) Upgraded by Wall Street Zen to Hold Rating

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

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

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $9.81 on Friday. Dave & Buster’s Entertainment has a 52-week low of $9.61 and a 52-week high of $35.53. The stock’s 50-day simple moving average is $15.88 and its 200 day simple moving average is $16.90. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The stock has a market capitalization of $340.21 million, a price-to-earnings ratio of -245.19 and a beta of 1.79.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently modified their holdings of the business. Caitong International Asset Management Co. Ltd raised its stake in Dave & Buster’s Entertainment by 1,547.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,464 shares of the restaurant operator’s stock valued at $72,000 after purchasing an additional 4,193 shares in the last quarter. Virtu Financial LLC purchased a new position in Dave & Buster’s Entertainment in the 4th quarter worth approximately $360,000. Invesco Ltd. grew its stake in Dave & Buster’s Entertainment by 31.2% in the 4th quarter. Invesco Ltd. now owns 357,133 shares of the restaurant operator’s stock worth $5,789,000 after buying an additional 84,951 shares in the last quarter. Saba Capital Management L.P. increased its holdings in shares of Dave & Buster’s Entertainment by 236.1% in the 4th quarter. Saba Capital Management L.P. now owns 320,309 shares of the restaurant operator’s stock worth $5,192,000 after buying an additional 225,000 shares during the last quarter. Finally, Caption Management LLC increased its holdings in shares of Dave & Buster’s Entertainment by 33.6% in the 4th quarter. Caption Management LLC now owns 18,906 shares of the restaurant operator’s stock worth $306,000 after buying an additional 4,753 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.