Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $31.33 Consensus PT from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given an average rating of “Hold” by the nine analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price target among brokers that have updated their coverage on the stock in the last year is $31.3333.

Several research firms have recently commented on PLAY. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. Piper Sandler reduced their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. UBS Group reduced their price objective on Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Finally, Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research note on Tuesday, September 16th.

Dave & Buster’s Entertainment Stock Down 1.4%

Dave & Buster’s Entertainment stock opened at $14.48 on Friday. The stock has a market cap of $501.98 million, a PE ratio of 42.59 and a beta of 1.97. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.22 and a current ratio of 0.33. Dave & Buster’s Entertainment has a one year low of $14.12 and a one year high of $43.73. The stock has a fifty day moving average of $19.95 and a 200 day moving average of $23.96.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 EPS for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). The firm had revenue of $557.40 million for the quarter, compared to analysts’ expectations of $565.43 million. Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The firm’s revenue was up .1% compared to the same quarter last year. During the same quarter last year, the company posted $0.99 EPS. As a group, sell-side analysts predict that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the stock. AlphaQuest LLC increased its stake in shares of Dave & Buster’s Entertainment by 415.9% in the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock worth $147,000 after purchasing an additional 6,525 shares in the last quarter. Hussman Strategic Advisors Inc. bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $763,000. Campbell & CO Investment Adviser LLC bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $343,000. SG Americas Securities LLC boosted its holdings in Dave & Buster’s Entertainment by 411.9% in the 3rd quarter. SG Americas Securities LLC now owns 190,840 shares of the restaurant operator’s stock worth $3,466,000 after buying an additional 153,556 shares during the period. Finally, M.E. Allison & CO. Inc. boosted its holdings in Dave & Buster’s Entertainment by 10.6% in the 3rd quarter. M.E. Allison & CO. Inc. now owns 86,025 shares of the restaurant operator’s stock worth $1,562,000 after buying an additional 8,250 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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.