Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $64.57

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been assigned an average recommendation of “Moderate Buy” from the eight brokerages that are covering the stock, Marketbeat reports. Three investment analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among brokers that have updated their coverage on the stock in the last year is $64.57.

A number of research firms have recently issued reports on PLAY. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. UBS Group lowered their price target on shares of 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. BMO Capital Markets dropped their price target on shares of 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 reduced their price objective on 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. Finally, William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th.

Insiders Place Their Bets

In related news, CFO Darin Harper purchased 13,438 shares of Dave & Buster’s Entertainment stock in a transaction on Wednesday, July 3rd. The stock was bought at an average price of $38.78 per share, with a total value of $521,125.64. Following the completion of the transaction, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. Kimelman & Baird LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth about $28,000. Sea Cliff Partners Management LP lifted its position in shares of Dave & Buster’s Entertainment by 90.8% in the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock worth $20,504,000 after buying an additional 245,043 shares during the last quarter. Mackenzie Financial Corp acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth about $207,000. Millennium Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 55.2% in the second quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock worth $8,719,000 after buying an additional 77,916 shares during the last quarter. Finally, Maverick Capital Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth about $981,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 1.7 %

NASDAQ PLAY opened at $30.79 on Monday. The firm’s 50 day moving average price is $34.72 and its two-hundred day moving average price is $47.93. 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 has a twelve month low of $29.78 and a twelve month high of $69.82. The stock has a market cap of $1.22 billion, a price-to-earnings ratio of 13.10 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates 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 business had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same quarter in the prior year, the firm posted $1.45 EPS. The business’s quarterly revenue was down 1.5% compared to the same quarter last year. Equities analysts anticipate that Dave & Buster’s Entertainment will post 2.93 EPS for the current 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.