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

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned an average rating of “Hold” from the nine research firms that are currently covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 1 year price target among analysts that have updated their coverage on the stock in the last year is $19.3333.

A number of research firms have commented on PLAY. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, April 20th. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Piper Sandler decreased their price target on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a research report on Monday, April 6th. Wall Street Zen downgraded Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Finally, UBS Group cut their price objective on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a research report on Tuesday, June 16th.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of the company’s stock in a transaction that occurred on Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the completion of the sale, the senior vice president owned 38,547 shares of the company’s stock, valued at approximately $566,255.43. This represents a 15.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. Ruffer LLP bought a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at $2,111,000. ING Groep NV bought a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth $7,311,000. SG Americas Securities LLC boosted its stake in Dave & Buster’s Entertainment by 232.3% in the fourth quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after buying an additional 443,308 shares in the last quarter. MUFG Securities EMEA plc bought a new position in Dave & Buster’s Entertainment in the fourth quarter valued at about $7,359,000. Finally, Clearline Capital LP raised its stake in Dave & Buster’s Entertainment by 20.4% during the third quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock worth $29,419,000 after acquiring an additional 274,541 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ PLAY opened at $10.14 on Thursday. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20. The firm has a market cap of $352.77 million, a price-to-earnings ratio of -5.37 and a beta of 1.84. The stock’s fifty day moving average price is $11.40 and its two-hundred day moving average price is $14.00. Dave & Buster’s Entertainment has a one year low of $9.61 and a one year high of $35.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). The business had revenue of $559.20 million during the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.Dave & Buster’s Entertainment’s revenue for the quarter was down 1.5% compared to the same quarter last year. During the same quarter last year, the firm earned $0.76 EPS. On average, equities analysts forecast that Dave & Buster’s Entertainment will post -1.1 EPS for the current year.

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.