Brokerages Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $23.83

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus recommendation of “Hold” from the eight research firms that are presently covering the stock, Marketbeat.com reports. One equities research analyst has rated the stock with a sell recommendation, four have assigned a hold recommendation and three have assigned a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $23.8333.

Several equities analysts have recently issued reports on PLAY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Truist Financial reduced their price target on 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. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 16th. Finally, Wall Street Zen raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research note on Saturday.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently added to or reduced their stakes in PLAY. Raymond James Financial Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 0.5% in the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after acquiring an additional 637 shares during the last quarter. Deutsche Bank AG boosted its position in shares of Dave & Buster’s Entertainment by 3.1% during the 4th quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock worth $402,000 after purchasing an additional 741 shares during the period. Nuveen LLC increased its holdings in Dave & Buster’s Entertainment by 1.2% in the 4th quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock valued at $1,657,000 after purchasing an additional 1,254 shares during the last quarter. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at approximately $27,000. Finally, Caitong International Asset Management Co. Ltd raised its position in Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,671 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Down 6.7%

Shares of Dave & Buster’s Entertainment stock opened at $13.97 on Friday. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. The firm has a fifty day moving average price of $17.29 and a 200 day moving average price of $18.12. Dave & Buster’s Entertainment has a 1 year low of $13.04 and a 1 year high of $35.53. The stock has a market cap of $484.48 million, a PE ratio of -349.16 and a beta of 1.79.

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

Dave & Buster’s Entertainment Company Profile

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.