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

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average recommendation of “Hold” from the eight research firms that are currently covering the company, MarketBeat reports. One research analyst has rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1 year price objective among brokerages that have issued ratings on the stock in the last year is $23.80.

A number of research firms recently weighed in on PLAY. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Piper Sandler cut their price target on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. UBS Group restated a “neutral” rating and set a $20.00 price objective on shares of Dave & Buster’s Entertainment in a report on Friday, December 5th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. Finally, BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $17.01 on Friday. The firm’s 50-day moving average is $16.65 and its 200-day moving average is $22.91. The company has a market cap of $589.91 million, a price-to-earnings ratio of -425.14 and a beta of 1.77. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. Dave & Buster’s Entertainment has a 52-week low of $13.04 and a 52-week high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The business had revenue of $448.20 million during the quarter, compared to the consensus estimate of $460.66 million. During the same period in the previous year, the firm earned ($0.45) EPS. The business’s revenue was down 1.1% compared to the same quarter last year. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Nomura Holdings Inc. boosted its position in Dave & Buster’s Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock worth $43,787,000 after purchasing an additional 2,030,186 shares during the period. Clearline Capital LP raised its holdings in Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after acquiring an additional 274,541 shares during the period. Arrowstreet Capital Limited Partnership lifted its position in Dave & Buster’s Entertainment by 99.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after acquiring an additional 499,412 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dave & Buster’s Entertainment by 9.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock worth $9,081,000 after acquiring an additional 44,911 shares during the period. Finally, UBS Group AG boosted its holdings in shares of Dave & Buster’s Entertainment by 137.2% during the third quarter. UBS Group AG now owns 509,924 shares of the restaurant operator’s stock worth $9,260,000 after acquiring an additional 294,916 shares during the period. 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 operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.