Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Raised to $60.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective upped by Truist Securities from $56.00 to $60.00 in a research note released on Wednesday morning, Stock Target Advisor reports. Truist Securities also issued estimates for Dave & Buster’s Entertainment’s Q4 2022 earnings at $0.62 EPS, FY2022 earnings at $2.30 EPS, FY2023 earnings at $2.30 EPS, FY2024 earnings at $3.63 EPS and FY2025 earnings at $4.68 EPS.

Other equities analysts have also recently issued research reports about the stock. Truist increased their price objective on shares of Dave & Buster’s Entertainment from $56.00 to $60.00 in a research report on Wednesday. Zacks Investment Research raised shares of Dave & Buster’s Entertainment from a hold rating to a strong-buy rating and set a $45.00 price objective for the company in a research report on Wednesday, November 10th. Jefferies Financial Group raised shares of Dave & Buster’s Entertainment from a hold rating to a buy rating and increased their price objective for the stock from $40.00 to $56.00 in a research report on Friday, September 24th. Loop Capital initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Tuesday, October 5th. They set a buy rating and a $56.00 price objective for the company. Finally, Piper Sandler reduced their target price on shares of Dave & Buster’s Entertainment from $53.00 to $38.00 and set a neutral rating on the stock in a report on Wednesday, December 8th. One research analyst has rated the stock with a sell rating, two have issued a hold rating, eight have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of Buy and a consensus price target of $50.00.

Dave & Buster’s Entertainment stock opened at $38.06 on Wednesday. The firm has a 50 day simple moving average of $36.76 and a 200-day simple moving average of $36.87. Dave & Buster’s Entertainment has a 1-year low of $29.83 and a 1-year high of $51.73. The company has a debt-to-equity ratio of 1.97, a current ratio of 0.50 and a quick ratio of 0.38. The stock has a market cap of $1.84 billion, a price-to-earnings ratio of 77.67, a price-to-earnings-growth ratio of 1.10 and a beta of 2.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, December 7th. The restaurant operator reported $0.21 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.12 by $0.09. The firm had revenue of $317.98 million during the quarter, compared to analysts’ expectations of $319.74 million. Dave & Buster’s Entertainment had a net margin of 2.43% and a return on equity of 12.97%. The firm’s quarterly revenue was up 191.6% on a year-over-year basis. During the same quarter last year, the company posted ($1.01) EPS. Equities analysts expect that Dave & Buster’s Entertainment will post 2.3 earnings per share for the current fiscal year.

In other news, CEO Kevin M. Sheehan acquired 15,000 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 9th. The shares were acquired at an average cost of $34.92 per share, for a total transaction of $523,800.00. The acquisition was disclosed in a document filed with the SEC, which is available at this link. 3.57% of the stock is currently owned by company insiders.

A number of large investors have recently made changes to their positions in the stock. Profund Advisors LLC raised its stake in Dave & Buster’s Entertainment by 5.7% during the 2nd quarter. Profund Advisors LLC now owns 6,380 shares of the restaurant operator’s stock worth $258,000 after acquiring an additional 344 shares in the last quarter. Ellevest Inc. raised its stake in Dave & Buster’s Entertainment by 39.7% during the 3rd quarter. Ellevest Inc. now owns 1,404 shares of the restaurant operator’s stock worth $54,000 after acquiring an additional 399 shares in the last quarter. Mutual of America Capital Management LLC raised its stake in Dave & Buster’s Entertainment by 6.8% during the 2nd quarter. Mutual of America Capital Management LLC now owns 6,793 shares of the restaurant operator’s stock worth $276,000 after acquiring an additional 431 shares in the last quarter. Advisor Group Holdings Inc. raised its stake in Dave & Buster’s Entertainment by 11.4% during the 3rd quarter. Advisor Group Holdings Inc. now owns 4,316 shares of the restaurant operator’s stock worth $165,000 after acquiring an additional 440 shares in the last quarter. Finally, Swiss National Bank raised its stake in Dave & Buster’s Entertainment by 0.6% during the 3rd quarter. Swiss National Bank now owns 84,473 shares of the restaurant operator’s stock worth $3,238,000 after acquiring an additional 500 shares in the last quarter. Hedge funds and other institutional investors own 99.69% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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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Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

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