Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Recommendation of “Moderate Buy” by Analysts

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

A number of analysts have issued reports on PLAY shares. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 13th. Loop Capital lowered their price objective on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research report on Friday, June 14th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a report on Tuesday, June 11th. Finally, UBS Group dropped their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th.

Insider Activity

In other Dave & Buster’s Entertainment news, CFO Darin Harper bought 13,438 shares of the firm’s stock in a transaction dated Wednesday, July 3rd. The stock was acquired at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the transaction, the chief financial officer now owns 35,598 shares in the company, valued at $1,380,490.44. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Cerity Partners LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $1,102,000. Louisiana State Employees Retirement System purchased a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $926,000. Zurcher Kantonalbank Zurich Cantonalbank grew its holdings in Dave & Buster’s Entertainment by 21.8% during the 4th quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 8,261 shares of the restaurant operator’s stock worth $445,000 after acquiring an additional 1,476 shares in the last quarter. Federated Hermes Inc. increased its position in Dave & Buster’s Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares during the period. Finally, GAMMA Investing LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $53,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $30.72 on Thursday. The firm has a market cap of $1.22 billion, a price-to-earnings ratio of 13.07 and a beta of 2.14. The firm has a fifty day moving average price of $39.60 and a 200 day moving average price of $51.13. Dave & Buster’s Entertainment has a fifty-two week low of $30.61 and a fifty-two week high of $69.82. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The company had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. During the same period last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, sell-side analysts expect that Dave & Buster’s Entertainment will post 3.03 earnings per share for the current fiscal year.

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.