Dave & Buster’s Entertainment (NASDAQ:PLAY) Rating Lowered to Sell at Wall Street Zen

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

Several other research analysts have also recently weighed in on the company. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, January 16th. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Finally, UBS Group decreased their price target on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $23.83.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $12.82 on Friday. 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 $12.55 and a 52-week high of $35.53. The stock has a 50 day simple moving average of $16.63 and a 200 day simple moving average of $17.39. The firm has a market capitalization of $444.60 million, a PE ratio of -320.42 and a beta of 1.79.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently modified their holdings of PLAY. Advisory Services Network LLC acquired a new position in Dave & Buster’s Entertainment during the 3rd quarter worth about $27,000. Caitong International Asset Management Co. Ltd raised its position in shares of Dave & Buster’s Entertainment by 616.6% during the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,671 shares during the last quarter. Leonteq Securities AG acquired a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $42,000. Tower Research Capital LLC TRC boosted its holdings in Dave & Buster’s Entertainment by 292.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 3,772 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $104,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.