Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Increased to $62.00 by Analysts at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Rating) had its price objective upped by Truist Financial from $57.00 to $62.00 in a report issued on Thursday, The Fly reports. They currently have a buy rating on the restaurant operator’s stock.

PLAY has been the subject of several other reports. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a buy rating to a hold rating in a research note on Friday, July 8th. Piper Sandler increased their price target on shares of Dave & Buster’s Entertainment from $42.00 to $44.00 and gave the stock a neutral rating in a research note on Wednesday, June 8th. Raymond James decreased their price target on shares of Dave & Buster’s Entertainment from $60.00 to $55.00 and set a strong-buy rating for the company in a research note on Wednesday, July 13th. BMO Capital Markets increased their price target on shares of Dave & Buster’s Entertainment from $62.00 to $66.00 in a research note on Wednesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft started coverage on shares of Dave & Buster’s Entertainment in a research note on Wednesday, July 13th. They issued a hold rating and a $37.00 price target for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of Moderate Buy and a consensus target price of $50.60.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $37.72 on Thursday. The company has a market cap of $1.85 billion, a price-to-earnings ratio of 11.97, a price-to-earnings-growth ratio of 0.84 and a beta of 1.73. The company has a 50-day moving average price of $38.25 and a 200-day moving average price of $39.93. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.23. Dave & Buster’s Entertainment has a 12 month low of $29.60 and a 12 month high of $52.54.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Rating) last issued its quarterly earnings data on Wednesday, September 7th. The restaurant operator reported $0.59 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.48). The firm had revenue of $468.40 million for the quarter, compared to the consensus estimate of $432.92 million. Dave & Buster’s Entertainment had a net margin of 10.47% and a return on equity of 56.54%. The business’s revenue was up 24.0% on a year-over-year basis. During the same period last year, the company posted $1.07 earnings per share. As a group, equities analysts anticipate that Dave & Buster’s Entertainment will post 3.38 EPS for the current year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris acquired 33,400 shares of the business’s stock in a transaction on Wednesday, July 13th. The shares were acquired at an average price of $30.54 per share, for a total transaction of $1,020,036.00. Following the completion of the acquisition, the chief executive officer now owns 48,206 shares in the company, valued at $1,472,211.24. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Corporate insiders own 3.21% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently made changes to their positions in PLAY. Lazard Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $32,000. Nisa Investment Advisors LLC grew its holdings in shares of Dave & Buster’s Entertainment by 68.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,030 shares of the restaurant operator’s stock valued at $51,000 after buying an additional 420 shares during the last quarter. Focused Wealth Management Inc purchased a new stake in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $69,000. FNY Investment Advisers LLC bought a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $76,000. Finally, Counterpoint Mutual Funds LLC bought a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $76,000. Hedge funds and other institutional investors own 99.21% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Get Rating)

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.

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