Piper Sandler Lowers Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $14.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lowered by equities researchers at Piper Sandler from $22.00 to $14.00 in a research report issued on Monday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. Piper Sandler’s price objective suggests a potential upside of 15.13% from the company’s previous close.

A number of other brokerages have also recently commented on PLAY. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. BMO Capital Markets dropped their price target 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. UBS Group dropped their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research report on Tuesday, January 6th. Finally, Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday. Three analysts have rated the stock with a Buy rating, three have assigned a Hold rating and two have issued a Sell rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $21.83.

Dave & Buster’s Entertainment Stock Up 0.2%

Shares of NASDAQ:PLAY opened at $12.16 on Monday. The company has a market capitalization of $422.43 million, a PE ratio of -8.50 and a beta of 1.83. The company has a debt-to-equity ratio of 16.61, a current ratio of 0.29 and a quick ratio of 0.22. The business has a fifty day moving average price of $14.71 and a two-hundred day moving average price of $16.38. Dave & Buster’s Entertainment has a 1 year low of $9.61 and a 1 year high of $35.53.

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

Institutional Trading of Dave & Buster’s Entertainment

A number of institutional investors have recently added to or reduced their stakes in the stock. Raymond James Financial Inc. lifted its holdings in Dave & Buster’s Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after purchasing an additional 637 shares in the last quarter. Deutsche Bank AG lifted its holdings in Dave & Buster’s Entertainment by 3.1% during the 4th quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock worth $402,000 after purchasing an additional 741 shares in the last quarter. Nuveen LLC lifted its holdings in Dave & Buster’s Entertainment by 1.2% during the 4th quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock worth $1,657,000 after purchasing an additional 1,254 shares in the last quarter. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth about $27,000. Finally, Caitong International Asset Management Co. Ltd lifted its holdings in Dave & Buster’s Entertainment by 616.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,671 shares in 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.