Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Average Rating of “Hold” from Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average rating of “Hold” from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.3333.

A number of analysts recently weighed in on PLAY shares. Truist Financial decreased their price target on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Saturday, September 27th. UBS Group cut their price objective on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating on the stock in a report on Tuesday, September 16th. Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, September 15th. Finally, Loop Capital boosted 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.

Dave & Buster’s Entertainment Stock Down 4.2%

Shares of Dave & Buster’s Entertainment stock opened at $18.03 on Tuesday. The company has a fifty day moving average price of $23.47 and a 200 day moving average price of $24.03. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. Dave & Buster’s Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73. The stock has a market cap of $625.05 million, a price-to-earnings ratio of 53.03 and a beta of 1.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $565.43 million. During the same period last year, the company posted $0.99 earnings per share. The firm’s revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tarun Lal acquired 8,060 shares of the business’s stock in a transaction on Tuesday, July 22nd. The shares were purchased at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the acquisition, the chief executive officer directly owned 8,060 shares of the company’s stock, valued at $251,955.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently added to or reduced their stakes in PLAY. Arrowstreet Capital Limited Partnership lifted its holdings in Dave & Buster’s Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after buying an additional 499,412 shares in the last quarter. Clearline Capital LP raised its stake in shares of Dave & Buster’s Entertainment by 17.7% in the 1st quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after purchasing an additional 203,012 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dave & Buster’s Entertainment by 147.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator’s stock valued at $9,897,000 after purchasing an additional 195,834 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter valued at about $2,453,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $3,610,000. Institutional investors and hedge funds 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.