Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Stock Has Consensus Target Price of $17.33 According to Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the nine brokerages that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have given a buy recommendation to the company. The average 12 month price target among brokers that have issued a report on the stock in the last year is $17.33.

Several research analysts recently weighed in on the stock. Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, September 28th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, October 15th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating for the company in a report on Tuesday, September 15th. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, September 15th. Finally, Citigroup reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Tuesday, September 15th.

Dave & Buster’s Entertainment Stock Down 1.6%

NASDAQ PLAY opened at $8.06 on Wednesday. The firm has a market cap of $280.74 million, a PE ratio of -3.14 and a beta of 1.93. Dave & Buster’s Entertainment has a one year low of $6.26 and a one year high of $22.10. The stock’s 50 day simple moving average is $7.50 and its 200 day simple moving average is $11.25. The company has a debt-to-equity ratio of 17.07, a current ratio of 0.30 and a quick ratio of 0.21.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.46). The company had revenue of $544.10 million during the quarter, compared to analyst estimates of $556.83 million. Dave & Buster’s Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. The business’s revenue for the quarter was down 2.4% on a year-over-year basis. During the same period in the prior year, the business earned $0.32 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment will post -1.58 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, Director Nathaniel Lipman bought 12,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were purchased at an average price of $6.78 per share, for a total transaction of $81,360.00. Following the purchase, the director owned 30,715 shares of the company’s stock, valued at approximately $208,247.70. The trade was a 64.12% increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Cory Hatton purchased 4,000 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, September 28th. The shares were purchased at an average cost of $6.50 per share, with a total value of $26,000.00. Following the transaction, the chief financial officer owned 104,475 shares in the company, valued at approximately $679,087.50. The trade was a 3.98% increase in their ownership of the stock. The disclosure for this purchase is available in the SEC filing. Insiders own 1.73% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently modified their holdings of PLAY. BlackRock Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $36,725,000. Arrowstreet Capital Limited Partnership boosted its holdings in shares of Dave & Buster’s Entertainment by 44.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after buying an additional 468,174 shares during the last quarter. Wolf Hill Capital Management LP bought a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $15,468,694. Engineers Gate Manager LP grew its stake in shares of Dave & Buster’s Entertainment by 200.7% in the second quarter. Engineers Gate Manager LP now owns 537,254 shares of the restaurant operator’s stock valued at $6,125,000 after buying an additional 358,588 shares in the last quarter. Finally, Saba Capital Management L.P. increased its holdings in Dave & Buster’s Entertainment by 19.4% during the first quarter. Saba Capital Management L.P. now owns 382,606 shares of the restaurant operator’s stock worth $4,144,000 after buying an additional 62,297 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc. operates entertainment and dining venues under the Dave & Buster’s and Main Event brands. Its locations combine arcade games, prize redemption, sports viewing and other interactive attractions with full-service restaurants and bars. The company’s venues offer a range of video, arcade and skill-based games, as well as group entertainment options for parties, corporate events and other gatherings. Food and beverage offerings typically include American-style menu items, alcoholic and nonalcoholic drinks, and event packages.