Brokerages Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Price Target at $23.83

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

A number of research firms recently issued reports on PLAY. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Wall Street Zen upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Sunday, March 29th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Finally, Loop Capital set a $20.00 price objective on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 10th.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $12.35 on Tuesday. The firm has a market cap of $429.04 million, a PE ratio of -8.64 and a beta of 1.83. The company has a current ratio of 0.29, a quick ratio of 0.22 and a debt-to-equity ratio of 16.61. Dave & Buster’s Entertainment has a 1-year low of $9.61 and a 1-year high of $35.53. The company has a fifty day moving average price of $15.15 and a 200 day moving average price of $16.63.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.39 by ($0.74). The firm had revenue of $529.60 million during the quarter, compared to analyst estimates 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%. The business’s revenue for the quarter was down .9% compared to the same quarter last year. During the same period in the prior year, the business earned $0.69 EPS. Research analysts predict that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after buying an additional 637 shares during the last quarter. Deutsche Bank AG increased its position in shares of Dave & Buster’s Entertainment by 3.1% in the fourth quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after acquiring an additional 741 shares during the last quarter. Nuveen LLC raised its holdings in Dave & Buster’s Entertainment by 1.2% during the fourth quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock worth $1,657,000 after acquiring an additional 1,254 shares in the last quarter. Advisory Services Network LLC bought a new stake in Dave & Buster’s Entertainment during the third quarter worth about $27,000. Finally, Caitong International Asset Management Co. Ltd boosted its position in 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 valued at $31,000 after purchasing an additional 1,671 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.