Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $31.33 Consensus Target Price from Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been assigned a consensus recommendation of “Hold” from the nine analysts that are covering the stock, Marketbeat reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have given a buy rating to the company. The average 1-year target price among brokerages that have updated their coverage on the stock in the last year is $31.3333.

A number of research firms recently weighed in on PLAY. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, October 8th. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday, September 16th. Piper Sandler lowered their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Finally, Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Tarun Lal purchased 8,060 shares of the firm’s stock in a transaction on Tuesday, July 22nd. The stock was bought at an average price of $31.26 per share, with a total value of $251,955.60. Following the transaction, the chief executive officer directly owned 8,060 shares of the company’s stock, valued at approximately $251,955.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 2.02% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. GAMMA Investing LLC boosted its position in Dave & Buster’s Entertainment by 71,493.5% in the 1st quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator’s stock valued at $1,346,000 after buying an additional 76,498 shares during the period. M.E. Allison & CO. Inc. purchased a new position in Dave & Buster’s Entertainment in the 1st quarter valued at approximately $1,542,000. Signaturefd LLC boosted its position in Dave & Buster’s Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 3,997 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC boosted its position in Dave & Buster’s Entertainment by 21.6% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator’s stock valued at $227,000 after buying an additional 2,300 shares during the period. Finally, Easterly Investment Partners LLC raised its holdings in shares of Dave & Buster’s Entertainment by 118.6% in the 1st quarter. Easterly Investment Partners LLC now owns 82,083 shares of the restaurant operator’s stock valued at $1,442,000 after purchasing an additional 44,542 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Dave & Buster’s Entertainment stock opened at $17.67 on Tuesday. The firm has a 50 day simple moving average of $22.31 and a 200-day simple moving average of $23.94. Dave & Buster’s Entertainment has a 1-year low of $15.08 and a 1-year high of $43.73. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 and a quick ratio of 0.22. The stock has a market cap of $612.62 million, a price-to-earnings ratio of 51.97 and a beta of 1.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.60). Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The firm had revenue of $557.40 million during the quarter, compared to analysts’ expectations of $565.43 million. During the same period last year, the company earned $0.99 EPS. The business’s quarterly revenue was up .1% on a year-over-year basis. On average, analysts expect that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

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.