Brokerages Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $33.83

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given a consensus recommendation of “Hold” by the eight research firms that are presently covering the company, Marketbeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average twelve-month price target among brokers that have covered the stock in the last year is $33.8333.

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

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 5,931 shares of the business’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the completion of the transaction, the senior vice president directly owned 42,550 shares in the company, valued at approximately $1,395,214.50. The trade was a 12.23% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Tarun Lal acquired 8,060 shares of Dave & Buster’s Entertainment stock in a transaction dated Tuesday, July 22nd. The shares were acquired at an average price of $31.26 per share, with a total value of $251,955.60. Following the completion of the transaction, the chief executive officer owned 8,060 shares of the company’s stock, valued at approximately $251,955.60. This trade represents a ∞ increase in their position. The disclosure for this purchase can be found here. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the business. Parallax Volatility Advisers L.P. raised its holdings in Dave & Buster’s Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after purchasing an additional 632 shares in the last quarter. Raymond James Financial Inc. raised its holdings in Dave & Buster’s Entertainment by 0.5% during the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after purchasing an additional 637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dave & Buster’s Entertainment by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock worth $537,000 after purchasing an additional 728 shares in the last quarter. Farther Finance Advisors LLC bought a new stake in Dave & Buster’s Entertainment during the second quarter worth approximately $37,000. Finally, US Bancorp DE raised its holdings 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 worth $27,000 after purchasing an additional 1,273 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $24.11 on Monday. 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 business has a 50 day moving average of $29.91 and a two-hundred day moving average of $24.05. Dave & Buster’s Entertainment has a 52 week low of $15.08 and a 52 week high of $43.73. The company has a market cap of $833.72 million, a P/E ratio of 23.87 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing analysts’ consensus estimates 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 company had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. The business’s revenue was down 3.5% on a year-over-year basis. As a group, analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

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.