Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Rating Upgraded by Wall Street Zen

Dave & Buster’s Entertainment (NASDAQ:PLAY) was upgraded by analysts at Wall Street Zen from a “sell” rating to a “hold” rating in a report released on Saturday.

A number of other analysts have also weighed in on the stock. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, January 16th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average price target of $23.83.

Dave & Buster’s Entertainment Stock Down 6.7%

Shares of NASDAQ PLAY opened at $13.97 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The company has a market cap of $484.48 million, a P/E ratio of -349.16 and a beta of 1.79. Dave & Buster’s Entertainment has a 52 week low of $13.04 and a 52 week high of $35.53. The business has a 50-day simple moving average of $17.29 and a two-hundred day simple moving average of $18.12.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing the consensus estimate 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 company had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. During the same quarter in the prior year, the company earned ($0.45) earnings per share. The company’s quarterly revenue was down 1.1% on a year-over-year basis. Research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently bought and sold shares of PLAY. Advisory Services Network LLC purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its position in Dave & Buster’s Entertainment by 616.6% during the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after buying an additional 1,671 shares during the period. Leonteq Securities AG bought a new stake in Dave & Buster’s Entertainment in the 4th quarter worth $42,000. Quadrant Capital Group LLC purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at about $104,000. Finally, AlphaQuest LLC increased its position in shares of Dave & Buster’s Entertainment by 415.9% in the third quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 6,525 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

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.