Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $14.00 by Analysts at Piper Sandler

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price trimmed by Piper Sandler from $22.00 to $14.00 in a report published on Monday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

PLAY has been the topic of several other research reports. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research report on Thursday, January 8th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday, January 16th. Finally, Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have given a Hold rating and one has issued a Sell rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $21.83.

Dave & Buster’s Entertainment Stock Down 1.8%

Shares of Dave & Buster’s Entertainment stock opened at $12.13 on Monday. Dave & Buster’s Entertainment has a one year low of $9.61 and a one year high of $35.53. The company has a debt-to-equity ratio of 16.61, a current ratio of 0.29 and a quick ratio of 0.22. The stock’s 50-day moving average is $14.85 and its 200 day moving average is $16.43. The firm has a market cap of $421.40 million, a price-to-earnings ratio of -8.48 and a beta of 1.83.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing the consensus estimate of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. The business had revenue of $529.60 million for the quarter, compared to the consensus estimate of $556.56 million. During the same quarter in the previous year, the company earned $0.69 EPS. The firm’s revenue for the quarter was down .9% on a year-over-year basis. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the company. Caitong International Asset Management Co. Ltd boosted its holdings in Dave & Buster’s Entertainment by 1,547.2% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 4,464 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 4,193 shares in the last quarter. Virtu Financial LLC bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth approximately $360,000. Invesco Ltd. boosted its holdings in Dave & Buster’s Entertainment by 31.2% in the fourth quarter. Invesco Ltd. now owns 357,133 shares of the restaurant operator’s stock worth $5,789,000 after acquiring an additional 84,951 shares in the last quarter. Saba Capital Management L.P. boosted its holdings in Dave & Buster’s Entertainment by 236.1% in the fourth quarter. Saba Capital Management L.P. now owns 320,309 shares of the restaurant operator’s stock worth $5,192,000 after acquiring an additional 225,000 shares in the last quarter. Finally, Caption Management LLC boosted its holdings in Dave & Buster’s Entertainment by 33.6% in the fourth quarter. Caption Management LLC now owns 18,906 shares of the restaurant operator’s stock worth $306,000 after acquiring an additional 4,753 shares in the last quarter. Institutional investors 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.