Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Consensus Rating of “Hold” by Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been given an average recommendation of “Hold” by the eight analysts that are currently covering the company, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $23.8333.

Several research firms have recently weighed in on PLAY. Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. UBS Group cut their target price on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. Finally, Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a research report on Friday, January 16th.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently bought and sold shares of the stock. Advisory Services Network LLC bought a new position in Dave & Buster’s Entertainment during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in Dave & Buster’s Entertainment by 616.6% in the 4th 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 acquired a new stake in Dave & Buster’s Entertainment in the 4th quarter worth $42,000. Tower Research Capital LLC TRC increased its holdings in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the period. Finally, Quadrant Capital Group LLC acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at about $104,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Down 3.0%

Shares of Dave & Buster’s Entertainment stock opened at $14.98 on Friday. The company’s 50-day simple moving average is $17.34 and its 200-day simple moving average is $18.29. The firm has a market cap of $519.51 million, a price-to-earnings ratio of -374.41 and a beta of 1.79. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. 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 released its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The company had revenue of $448.20 million for the quarter, compared to analysts’ expectations of $460.66 million. Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm’s quarterly revenue was down 1.1% on a year-over-year basis. During the same period in the prior year, the firm posted ($0.45) EPS. As a group, equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

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.