Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Rating of “Moderate Buy” from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus recommendation of “Moderate Buy” from the eight brokerages that are presently covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month price target among brokerages that have issued ratings on the stock in the last year is $65.71.

A number of analysts recently issued reports on PLAY shares. Piper Sandler reissued a “neutral” rating and set a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. StockNews.com raised Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th. UBS Group dropped their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Finally, BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 13th.

Insider Activity

In other news, CFO Darin Harper acquired 13,438 shares of Dave & Buster’s Entertainment stock in a transaction dated Wednesday, July 3rd. The shares were purchased at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the transaction, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently bought and sold shares of the stock. Coronation Fund Managers Ltd. lifted its holdings in Dave & Buster’s Entertainment by 2.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after buying an additional 29,627 shares during the period. Livforsakringsbolaget Skandia Omsesidigt lifted its holdings in Dave & Buster’s Entertainment by 68.4% in the 2nd quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,800 shares of the restaurant operator’s stock worth $510,000 after buying an additional 5,200 shares during the period. SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares during the period. First Hawaiian Bank purchased a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $315,000. Finally, Paloma Partners Management Co purchased a new stake in Dave & Buster’s Entertainment in the 1st quarter worth approximately $440,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Stock Down 1.0 %

Shares of NASDAQ PLAY opened at $39.34 on Friday. Dave & Buster’s Entertainment has a one year low of $33.07 and a one year high of $69.82. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.32 and a quick ratio of 0.24. The business’s fifty day moving average price is $45.23 and its 200-day moving average price is $52.98. The stock has a market capitalization of $1.56 billion, a PE ratio of 16.74 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). The firm had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the prior year, the company earned $1.45 EPS. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post 3.03 EPS for the current year.

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.