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

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock 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. 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. Truist Securities raised their target price on shares of Dave & Buster’s Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 10th. 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. Jefferies Financial Group upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and raised their target price for the stock from $40.00 to $56.00 in a report on Friday. Finally, BMO Capital Markets raised their target price on shares of Dave & Buster’s Entertainment from $54.00 to $58.00 and gave the stock an “outperform” rating in a report on Friday, September 10th. They noted that the move was a valuation call. One investment analyst has rated the stock with a sell rating, four have given a hold rating, six have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Buy” and a consensus price target of $50.55.

The business’s fifty day moving average is $35.50 and its two-hundred day moving average is $40.45. The company 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 company has a debt-to-equity ratio of 3.01, a quick ratio of 0.32 and a current ratio of 0.40.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Wednesday, September 8th. The restaurant operator reported $1.07 earnings per share for the quarter, beating analysts’ consensus estimates 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 company had revenue of $377.64 million during the quarter, compared to analyst estimates of $358.46 million. During the same quarter last year, the business posted ($1.19) EPS. The firm’s revenue for the quarter was up 642.9% on a year-over-year basis. Analysts expect that Dave & Buster’s Entertainment Inc will post 1.61 EPS 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 large investors have recently bought and sold shares of PLAY. First Trust Advisors LP raised its holdings in shares of Dave & Buster’s Entertainment by 76.1% in the 1st quarter. First Trust Advisors LP now owns 28,731 shares of the restaurant operator’s stock valued at $1,433,000 after purchasing an additional 12,420 shares in the last quarter. Los Angeles Capital Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 1st quarter worth approximately $211,000. Swiss National Bank grew its position in shares of Dave & Buster’s Entertainment by 1.0% in the 1st quarter. Swiss National Bank now owns 97,573 shares of the restaurant operator’s stock worth $4,674,000 after buying an additional 1,000 shares during the last quarter. BNP Paribas Arbitrage SA grew its position in shares of Dave & Buster’s Entertainment by 66.3% in the 1st quarter. BNP Paribas Arbitrage SA now owns 41,967 shares of the restaurant operator’s stock worth $2,010,000 after buying an additional 16,728 shares during the last quarter. Finally, BlackRock Inc. grew its position in shares of Dave & Buster’s Entertainment by 5.1% in the 1st quarter. BlackRock Inc. now owns 7,476,182 shares of the restaurant operator’s stock worth $358,108,000 after buying an additional 365,175 shares during the last quarter. Institutional investors and hedge funds own 95.65% of the company’s stock.

Dave & Buster’s Entertainment Company Profile (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.

Further Reading: Equity Income

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