Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 3.4%

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was down 3.4% during mid-day trading on Monday . The company traded as low as $37.03 and last traded at $37.51. Approximately 173,734 shares traded hands during trading, a decline of 86% from the average daily volume of 1,234,430 shares. The stock had previously closed at $38.82.

Analysts Set New Price Targets

A number of analysts have recently issued reports on PLAY shares. Piper Sandler reaffirmed a “neutral” rating and set a $71.00 price target (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. BMO Capital Markets lowered their price objective on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research note on Thursday, June 13th. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, March 25th. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, June 11th. Finally, UBS Group decreased their target price on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating to the company. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Moderate Buy” and an average target price of $65.71.

Dave & Buster’s Entertainment Stock Performance

The stock has a market cap of $1.51 billion, a P/E ratio of 16.04 and a beta of 2.13. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.32 and a quick ratio of 0.24. The firm’s 50-day moving average price is $44.93 and its 200-day moving average price is $52.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). The company had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The company’s quarterly revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.45 EPS. Sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 3.03 earnings per share for the current fiscal year.

Insider Activity

In other Dave & Buster’s Entertainment news, CFO Darin Harper bought 13,438 shares of the business’s stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average cost of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now owns 35,598 shares in the company, valued at approximately $1,380,490.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently modified their holdings of the business. Vanguard Group Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 2.7% in the third quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock valued at $166,166,000 after purchasing an additional 116,402 shares in the last quarter. Wolf Hill Capital Management LP purchased a new position in Dave & Buster’s Entertainment during the fourth quarter worth $72,730,000. Coronation Fund Managers Ltd. boosted its stake in Dave & Buster’s Entertainment by 2.9% during the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after buying an additional 29,627 shares during the period. National Bank of Canada FI purchased a new position in Dave & Buster’s Entertainment during the first quarter worth $31,300,000. Finally, Hood River Capital Management LLC purchased a new position in Dave & Buster’s Entertainment during the first quarter worth $30,229,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc 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.