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

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

A number of other equities research analysts have also recently commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Loop Capital set a $20.00 price target on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. BMO Capital Markets lowered their price target 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. Finally, UBS Group dropped their price objective on 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 assigned a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $9.81 on Friday. The business’s fifty day simple moving average is $15.88 and its 200 day simple moving average is $16.90. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment has a 12 month low of $9.61 and a 12 month high of $35.53. The firm has a market capitalization of $340.21 million, a P/E ratio of -245.19 and a beta of 1.79.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several large investors have recently modified their holdings of PLAY. Nomura Holdings Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 532.9% during the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after buying an additional 2,030,186 shares in the last quarter. Arrowstreet Capital Limited Partnership grew its stake in Dave & Buster’s Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock valued at $30,067,000 after buying an additional 499,412 shares in the last quarter. MUFG Securities EMEA plc purchased a new position in Dave & Buster’s Entertainment in the 4th quarter valued at approximately $7,359,000. ING Groep NV bought a new stake in Dave & Buster’s Entertainment during the 4th quarter valued at $7,311,000. Finally, SG Americas Securities LLC raised its holdings in Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after acquiring an additional 443,308 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.