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

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

Several other brokerages also recently issued reports on PLAY. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, January 16th. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. UBS Group cut their price objective 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 for the company in a report on Wednesday, December 10th. Finally, Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $23.83.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $12.35 on Monday. Dave & Buster’s Entertainment has a fifty-two week low of $9.61 and a fifty-two week high of $35.53. The stock has a market cap of $429.04 million, a price-to-earnings ratio of -8.64 and a beta of 1.83. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.22 and a current ratio of 0.29. The firm’s 50-day simple moving average is $14.99 and its 200 day simple moving average is $16.49.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). The company had revenue of $529.60 million for the quarter, compared to the consensus estimate of $556.56 million. Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.The business’s revenue for the quarter was down .9% on a year-over-year basis. During the same period in the prior year, the firm posted $0.69 earnings per share. As a group, research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently bought and sold shares of PLAY. Advisory Services Network LLC purchased a new position in Dave & Buster’s Entertainment in the third quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its stake in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,671 shares during the period. Leonteq Securities AG purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $42,000. Quadrant Capital Group LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $104,000. Finally, AlphaQuest LLC raised its stake in shares of Dave & Buster’s Entertainment by 415.9% during the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 6,525 shares during the period. 91.45% of the stock is currently owned by 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.