Loop Capital Trims Dave & Buster’s Entertainment (NASDAQ:PLAY) Target Price to $63.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target decreased by Loop Capital from $86.00 to $63.00 in a report published on Friday, Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

A number of other research firms have also recently commented on PLAY. Truist Financial lowered their target price on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a buy rating for the company in a research note on Tuesday, June 11th. Piper Sandler restated a neutral rating and set a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. William Blair reiterated an outperform rating on shares of Dave & Buster’s Entertainment in a research note on Thursday. UBS Group dropped their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating on the stock in a research note on Wednesday, June 12th. Finally, Jefferies Financial Group upped their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a buy rating in a report on Wednesday, March 6th. Four equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of Moderate Buy and an average price target of $64.56.

Dave & Buster’s Entertainment Stock Down 2.4 %

Shares of NASDAQ PLAY opened at $43.77 on Friday. The firm has a fifty day simple moving average of $52.64 and a two-hundred day simple moving average of $54.63. Dave & Buster’s Entertainment has a 12 month low of $33.07 and a 12 month high of $69.82. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. The firm has a market capitalization of $1.73 billion, a PE ratio of 18.63 and a beta of 2.06.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). The company had revenue of $588.10 million during the quarter, compared to the consensus estimate of $615.88 million. Dave & Buster’s Entertainment had a return on equity of 50.06% and a net margin of 4.48%. Dave & Buster’s Entertainment’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the company earned $1.45 earnings per share. Equities analysts expect that Dave & Buster’s Entertainment will post 3.15 earnings per share for the current year.

Insider Transactions at Dave & Buster’s Entertainment

In related news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the completion of the sale, the senior vice president now owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new stake in Dave & Buster’s Entertainment in the 1st quarter worth approximately $440,000. Price T Rowe Associates Inc. MD boosted its stake in shares of Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after buying an additional 546 shares during the last quarter. Hood River Capital Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth $30,229,000. Lazard Asset Management LLC increased its position in Dave & Buster’s Entertainment by 258.7% during the first quarter. Lazard Asset Management LLC now owns 156,570 shares of the restaurant operator’s stock valued at $9,800,000 after acquiring an additional 112,917 shares during the last quarter. Finally, Quadrature Capital Ltd lifted its holdings in Dave & Buster’s Entertainment by 150.1% in the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after acquiring an additional 25,376 shares during the period. Institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.