Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Up to $39.85

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price gapped up prior to trading on Friday . The stock had previously closed at $39.85, but opened at $40.73. Dave & Buster’s Entertainment shares last traded at $42.00, with a volume of 6,951 shares.

Several equities research analysts have recently issued reports on the stock. Stifel Nicolaus lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and lowered their target price for the stock from $58.00 to $40.00 in a report on Monday, August 30th. Wells Fargo & Company raised their target price on shares of Dave & Buster’s Entertainment from $38.00 to $40.00 and gave the stock an “underweight” rating in a report on Friday, September 10th. Piper Sandler raised their target price on shares of Dave & Buster’s Entertainment from $49.00 to $53.00 and gave the stock a “neutral” rating in a report on Friday, June 11th. Deutsche Bank Aktiengesellschaft decreased their price objective on shares of Dave & Buster’s Entertainment from $57.00 to $50.00 and set a “buy” rating for the company in a report on Monday, September 13th. Finally, Jefferies Financial Group upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and lifted their price objective for the company from $40.00 to $56.00 in a report on Friday. One research analyst has rated the stock with a sell rating, four have assigned a hold rating, six have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Buy” and an average price target of $50.55.

The company has a debt-to-equity ratio of 3.01, a quick ratio of 0.32 and a current ratio of 0.40. The firm has a market cap of $2.01 billion, a P/E ratio of -56.96, a price-to-earnings-growth ratio of 1.49 and a beta of 2.11. The firm’s fifty day moving average price is $35.50 and its 200 day moving average price is $40.45.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Wednesday, September 8th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $0.58 by $0.49. Dave & Buster’s Entertainment had a negative net margin of 3.73% and a negative return on equity of 18.06%. The business had revenue of $377.64 million during the quarter, compared to analyst estimates of $358.46 million. During the same quarter in the previous year, the business posted ($1.19) EPS. The company’s quarterly revenue was up 642.9% compared to the same quarter last year. As a group, analysts expect that Dave & Buster’s Entertainment Inc will post 1.61 earnings per share for the current fiscal year.

In other news, SVP John Mulleady sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $36.10, for a total value of $361,000.00. Following the completion of the sale, the senior vice president now owns 66,729 shares in the company, valued at approximately $2,408,916.90. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Insiders own 3.57% of the company’s stock.

Several institutional investors have recently modified their holdings of PLAY. Steward Partners Investment Advisory LLC grew its position in shares of Dave & Buster’s Entertainment by 674.0% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock worth $31,000 after buying an additional 674 shares during the last quarter. Harvest Fund Management Co. Ltd purchased a new position in shares of Dave & Buster’s Entertainment in the 1st quarter worth approximately $37,000. Eagle Bay Advisors LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $41,000. Captrust Financial Advisors grew its position in Dave & Buster’s Entertainment by 388.0% during the 1st quarter. Captrust Financial Advisors now owns 976 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 776 shares during the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $51,000. 95.65% of the stock is currently owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment (NASDAQ:PLAY)

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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