Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 5.1% – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price traded down 5.1% during trading on Tuesday . The stock traded as low as $20.17 and last traded at $20.08. 322,291 shares traded hands during mid-day trading, a decline of 78% from the average session volume of 1,471,609 shares. The stock had previously closed at $21.16.

Wall Street Analyst Weigh In

Several analysts recently issued reports on the stock. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Gordon Haskett restated a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average target price of $46.67.

Dave & Buster’s Entertainment Stock Up 0.5 %

The firm has a 50-day simple moving average of $23.14 and a 200 day simple moving average of $29.93. The stock has a market capitalization of $763.51 million, a P/E ratio of 9.82 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Quarry LP bought a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment during the 4th quarter worth $47,000. KBC Group NV lifted its holdings in Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after buying an additional 885 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at about $144,000. 91.45% of the stock is owned by institutional investors.

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.