Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Consensus Rating of “Hold” by Brokerages

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been assigned a consensus rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. One analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 1 year target price among brokers that have covered the stock in the last year is $23.8333.

Several research analysts have recently weighed in on PLAY shares. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a report on Thursday, January 8th. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a report on Friday, January 16th. Loop Capital set a $20.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Wall Street Zen raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday. Finally, UBS Group lowered their target price on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $10.04 on Tuesday. The business has a 50 day simple moving average of $15.69 and a 200 day simple moving average of $16.78. Dave & Buster’s Entertainment has a 52-week low of $9.61 and a 52-week high of $35.53. 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 cap of $348.19 million, a price-to-earnings ratio of -250.94 and a beta of 1.79.

Institutional Inflows and Outflows

A number of hedge funds have recently modified their holdings of PLAY. AQR Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at approximately $430,000. Creative Planning acquired a new position in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $311,000. JPMorgan Chase & Co. boosted its position in Dave & Buster’s Entertainment by 147.1% during the 2nd 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 last quarter. Quantbot Technologies LP grew its stake in shares of Dave & Buster’s Entertainment by 123.8% during the 2nd quarter. Quantbot Technologies LP now owns 53,368 shares of the restaurant operator’s stock worth $1,605,000 after acquiring an additional 29,524 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership raised its holdings in shares of Dave & Buster’s Entertainment by 99.9% in the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock valued at $30,067,000 after purchasing an additional 499,412 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

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.