Dave & Buster’s Entertainment (NASDAQ:PLAY) Given New $21.00 Price Target at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price decreased by equities researchers at Truist Financial from $27.00 to $21.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “hold” rating on the restaurant operator’s stock. Truist Financial’s target price would indicate a potential upside of 18.98% from the stock’s current price.

PLAY has been the subject of a number of other research reports. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. BMO Capital Markets lowered their target price 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. Finally, Gordon Haskett restated a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $45.67.

Dave & Buster’s Entertainment Trading Up 0.5 %

NASDAQ PLAY opened at $17.65 on Wednesday. Dave & Buster’s Entertainment has a 12-month low of $17.02 and a 12-month high of $69.82. The company has a fifty day simple moving average of $22.64 and a two-hundred day simple moving average of $29.57. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock has a market cap of $679.58 million, a P/E ratio of 8.96 and a beta of 1.86.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently bought and sold shares of the company. Eminence Capital LP boosted its position in Dave & Buster’s Entertainment by 3.6% during the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator’s stock worth $112,249,000 after acquiring an additional 135,095 shares during the last quarter. Patient Capital Management LLC grew its holdings in shares of Dave & Buster’s Entertainment by 36.6% in the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock valued at $51,878,000 after purchasing an additional 476,662 shares during the period. Clearline Capital LP grew its holdings in shares of Dave & Buster’s Entertainment by 1,768.8% in the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after purchasing an additional 1,084,890 shares during the period. NewEdge Wealth LLC increased its position in Dave & Buster’s Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock worth $21,235,000 after purchasing an additional 85,820 shares during the last quarter. Finally, Boston Partners raised its stake in Dave & Buster’s Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock worth $16,563,000 after purchasing an additional 323,595 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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.