Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $25.00 by Analysts at UBS Group

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective cut by UBS Group from $29.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

PLAY has been the topic of a number of other research reports. BMO Capital Markets upped their price target on 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. Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, August 27th. Loop Capital raised their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Finally, Piper Sandler lifted 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 note on Wednesday, June 11th. Two analysts have rated the stock with a Buy rating and six have given a Hold rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Hold” and an average target price of $31.33.

Dave & Buster’s Entertainment Price Performance

PLAY opened at $20.14 on Tuesday. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $43.73. The firm has a 50-day moving average of $26.94 and a 200 day moving average of $23.98. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The firm has a market cap of $696.44 million, a P/E ratio of 59.24 and a beta of 2.04.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.60). Dave & Buster’s Entertainment had a return on equity of 28.95% and a net margin of 0.46%.The company had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter in the previous year, the business earned $0.99 EPS. The company’s revenue for the quarter was up .1% on a year-over-year basis. On average, research analysts expect that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Insider Activity

In related news, CEO Tarun Lal purchased 8,060 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was bought at an average cost of $31.26 per share, with a total value of $251,955.60. Following the completion of the purchase, the chief executive officer directly owned 8,060 shares in the company, valued at approximately $251,955.60. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Ameriprise Financial Inc. raised its position in shares of Dave & Buster’s Entertainment by 7.1% in the 4th quarter. Ameriprise Financial Inc. now owns 123,246 shares of the restaurant operator’s stock worth $3,598,000 after acquiring an additional 8,159 shares in the last quarter. Bank of America Corp DE grew its stake in Dave & Buster’s Entertainment by 50.7% in the fourth quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator’s stock worth $6,209,000 after purchasing an additional 71,520 shares during the period. Deutsche Bank AG raised its holdings in Dave & Buster’s Entertainment by 50.9% in the fourth quarter. Deutsche Bank AG now owns 30,120 shares of the restaurant operator’s stock worth $879,000 after purchasing an additional 10,163 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position 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 valued at $537,000 after buying an additional 728 shares during the period. Finally, ProShare Advisors LLC lifted its position in Dave & Buster’s Entertainment by 44.5% during the fourth quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator’s stock valued at $284,000 after buying an additional 2,996 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.