Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $21.83 Average Target Price from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given an average recommendation of “Hold” by the eight ratings firms that are currently covering the company, Marketbeat reports. Two investment analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have issued a buy recommendation on the company. The average 1 year price target among brokerages that have updated their coverage on the stock in the last year is $21.8333.

A number of equities research analysts have commented on PLAY shares. UBS Group decreased their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a report on Thursday, January 8th. Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Piper Sandler decreased their price target on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Finally, Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the firm’s stock in a transaction dated Friday, April 17th. The stock was sold at an average price of $14.69, for a total transaction of $102,668.41. Following the sale, the senior vice president directly owned 38,547 shares of the company’s stock, valued at $566,255.43. This trade represents a 15.35% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently made changes to their positions in the company. Advisory Services Network LLC bought a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth about $27,000. Caitong International Asset Management Co. Ltd increased its holdings in shares of Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 1,671 shares during the last quarter. Leonteq Securities AG bought a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth about $42,000. Quadrant Capital Group LLC bought a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth about $104,000. Finally, AlphaQuest LLC increased its holdings 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 worth $147,000 after purchasing an additional 6,525 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $12.71 on Friday. The company has a market capitalization of $441.55 million, a PE ratio of -8.89 and a beta of 1.83. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29. The business’s fifty day moving average is $13.35 and its 200 day moving average is $15.85. Dave & Buster’s Entertainment has a fifty-two week low of $9.61 and a fifty-two week high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). The business had revenue of $529.60 million for the quarter, compared to the consensus estimate of $556.56 million. Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. Dave & Buster’s Entertainment’s revenue was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 earnings per share. Sell-side analysts predict that Dave & Buster’s Entertainment will post -0.8 earnings per share for the current year.

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.