Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Average Recommendation of “Hold” from Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus rating of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month target price among brokers that have covered the stock in the last year is $33.83.

PLAY has been the subject of several research reports. UBS Group raised their price objective on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Truist Financial raised their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the company a “hold” rating in a research report on Wednesday, June 11th. Piper Sandler raised their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a research report on Wednesday, June 11th. Loop Capital raised their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a research report on Wednesday, June 11th. Finally, BMO Capital Markets raised their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a research report on Wednesday, June 11th.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $30.45 on Friday. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week high of $43.73. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The firm has a 50-day moving average price of $23.86 and a 200 day moving average price of $23.60. The firm has a market capitalization of $1.05 billion, a PE ratio of 30.15 and a beta of 2.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster’s Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The business had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. During the same quarter last year, the business posted $0.99 EPS. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. On average, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, SVP John Mulleady sold 5,931 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the sale, the senior vice president now directly owns 42,550 shares in the company, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors have recently made changes to their positions in the stock. US Bancorp DE raised its position in Dave & Buster’s Entertainment by 442.0% during the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $47,000. Signaturefd LLC raised its position in Dave & Buster’s Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after acquiring an additional 3,997 shares in the last quarter. GAMMA Investing LLC raised its position in Dave & Buster’s Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $139,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.