Dave & Buster’s Entertainment (NASDAQ:PLAY) Given New $59.00 Price Target at Loop Capital

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target lowered by Loop Capital from $63.00 to $59.00 in a report published on Thursday, Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

Other analysts have also issued research reports about the stock. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an outperform rating on the stock in a research report on Wednesday. UBS Group dropped their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating on the stock in a research report on Wednesday, June 12th. Truist Financial reduced their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a buy rating for the company in a report on Thursday, August 22nd. William Blair reissued an outperform rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Finally, StockNews.com cut Dave & Buster’s Entertainment from a hold rating to a sell rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, three have assigned a hold rating and five have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of Hold and an average price target of $62.57.

Dave & Buster’s Entertainment Stock Up 1.0 %

Shares of PLAY opened at $31.57 on Thursday. The company has a market capitalization of $1.24 billion, a price-to-earnings ratio of 13.43 and a beta of 2.14. Dave & Buster’s Entertainment has a 52 week low of $29.31 and a 52 week high of $69.82. The stock’s 50-day moving average price is $34.12 and its 200-day moving average price is $47.07. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.94 EPS. On average, sell-side analysts predict that Dave & Buster’s Entertainment will post 2.78 EPS for the current year.

Insider Activity

In other news, CFO Darin Harper purchased 13,438 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased 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 of the company’s stock, valued at $1,380,490.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $38,000. Norges Bank purchased a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at about $7,180,000. Boulder Hill Capital Management LP purchased a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at about $2,477,000. Quadrature Capital Ltd acquired a new position in Dave & Buster’s Entertainment in the fourth quarter valued at about $910,000. Finally, Sea Cliff Partners Management LP purchased a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $16,155,000. Hedge funds and other institutional investors own 91.45% 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.