Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $33.00 Average PT from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have received a consensus recommendation of “Hold” from the eight research firms that are covering the firm, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among analysts that have updated their coverage on the stock in the last year is $33.00.

Several analysts have issued reports on the company. Piper Sandler dropped their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a research note on Wednesday, April 2nd. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. Finally, Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th.

Dave & Buster’s Entertainment Trading Up 9.2 %

PLAY opened at $19.98 on Tuesday. Dave & Buster’s Entertainment has a 52 week low of $15.08 and a 52 week high of $57.10. The company has a market capitalization of $689.61 million, a P/E ratio of 9.89 and a beta of 1.86. The stock’s fifty day moving average is $19.96 and its two-hundred day moving average is $28.17. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. During the same quarter in the previous year, the business posted $0.88 EPS. The company’s quarterly revenue was down 10.8% 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

Institutional investors have recently bought and sold shares of the stock. Clare Market Investments LLC purchased a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $540,000. Raymond James Financial Inc. purchased a new position in Dave & Buster’s Entertainment in the 4th quarter worth $3,677,000. Quinn Opportunity Partners LLC purchased a new position in Dave & Buster’s Entertainment in the 4th quarter worth $1,943,000. Principal Financial Group Inc. lifted its position in Dave & Buster’s Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after acquiring an additional 3,494 shares during the period. Finally, Intech Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 68.8% during the 4th quarter. Intech Investment Management LLC now owns 36,215 shares of the restaurant operator’s stock valued at $1,057,000 after purchasing an additional 14,759 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.