Dave & Buster’s Entertainment (NASDAQ:PLAY) Share Price Crosses Below Fifty Day Moving Average – Should You Sell?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s share price crossed below its 50 day moving average during trading on Friday . The stock has a 50 day moving average of $16.27 and traded as low as $16.06. Dave & Buster’s Entertainment shares last traded at $17.04, with a volume of 1,356,493 shares trading hands.

Analysts Set New Price Targets

Several research analysts have recently issued reports on the company. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. UBS Group reissued a “neutral” rating and set a $20.00 target price on shares of Dave & Buster’s Entertainment in a report on Friday, December 5th. Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Truist Financial raised their price target on shares of Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the company a “hold” rating in a research note on Thursday, December 11th. Finally, Benchmark reiterated a “hold” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $23.80.

Dave & Buster’s Entertainment Price Performance

The firm has a market capitalization of $590.95 million, a P/E ratio of -425.89 and a beta of 1.74. The company has a fifty day moving average of $16.27 and a 200 day moving average of $22.17. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm had revenue of $448.20 million during the quarter, compared to analyst estimates of $460.66 million. During the same quarter last year, the firm posted ($0.45) EPS. The firm’s revenue for the quarter was down 1.1% on a year-over-year basis. Sell-side analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

Institutional Trading of Dave & Buster’s Entertainment

A number of large investors have recently bought and sold shares of the business. AQR Capital Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 1st quarter valued at about $430,000. Dynamic Technology Lab Private Ltd bought a new stake in Dave & Buster’s Entertainment in the first quarter worth approximately $968,000. Clearline Capital LP lifted its stake in Dave & Buster’s Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after buying an additional 203,012 shares during the period. Farther Finance Advisors LLC bought a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $37,000. Finally, Boyar Asset Management Inc. bought a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $205,000. 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.