Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 6% – What’s Next?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) was down 6% on Monday . The company traded as low as $18.08 and last traded at $18.1140. Approximately 95,209 shares traded hands during trading, a decline of 90% from the average daily volume of 960,419 shares. The stock had previously closed at $19.27.

Analyst Ratings Changes

A number of analysts have recently weighed in on the stock. Truist Financial decreased their price target on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. UBS Group cut their target price on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Stock Performance

The firm has a market capitalization of $607.25 million, a price-to-earnings ratio of -437.64 and a beta of 1.78. The company has a 50-day moving average price of $18.25 and a 200-day moving average price of $19.56. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The business had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The firm’s revenue was down 1.1% on a year-over-year basis. During the same period in the previous year, the firm earned ($0.45) EPS. As a group, equities research analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently modified their holdings of the stock. Advisory Services Network LLC purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $27,000. Leonteq Securities AG acquired a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at approximately $42,000. Tower Research Capital LLC TRC lifted its position in shares of Dave & Buster’s Entertainment by 292.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 3,772 shares in the last quarter. Quadrant Capital Group LLC purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $104,000. Finally, Commonwealth of Pennsylvania Public School Empls Retrmt SYS acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter valued at $214,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.