Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Consensus Rating of “Moderate Buy” from Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus recommendation of “Moderate Buy” from the six brokerages that are covering the company, MarketBeat.com reports. Three analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12-month target price among analysts that have issued ratings on the stock in the last year is $69.21.

A number of research firms have issued reports on PLAY. Truist Financial raised their target price on Dave & Buster’s Entertainment from $75.00 to $78.00 and gave the company a “buy” rating in a research note on Wednesday, April 3rd. UBS Group boosted their target price on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a research note on Wednesday, April 3rd. Jefferies Financial Group raised their price target on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research note on Wednesday, March 6th. Raymond James reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. Finally, TheStreet raised Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $53.50 on Tuesday. The company has a market capitalization of $2.16 billion, a price-to-earnings ratio of 19.04 and a beta of 2.08. The business has a 50 day simple moving average of $60.46 and a 200-day simple moving average of $51.18. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. Dave & Buster’s Entertainment has a twelve month low of $31.65 and a twelve month high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 EPS for the quarter, missing the consensus estimate of $1.07 by ($0.04). The company had revenue of $599.10 million for the quarter, compared to the consensus estimate of $603.41 million. Dave & Buster’s Entertainment had a net margin of 5.76% and a return on equity of 53.96%. As a group, equities research analysts expect that Dave & Buster’s Entertainment will post 3.89 earnings per share for the current year.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the completion of the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $3,803,848.56. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the stock. Principal Securities Inc. acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $38,000. Federated Hermes Inc. raised its stake in shares of Dave & Buster’s Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 292 shares in the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $45,000. GAMMA Investing LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at approximately $53,000. Finally, Headlands Technologies LLC bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $54,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.