Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $64.57 Average PT from Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned an average rating of “Moderate Buy” from the eight ratings firms that are covering the stock, MarketBeat Ratings reports. Three analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price target among analysts that have issued a report on the stock in the last year is $64.57.

PLAY has been the subject of several research analyst reports. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Loop Capital decreased their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. BMO Capital Markets decreased their price objective on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 13th. UBS Group decreased their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Finally, William Blair reissued an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th.

Insider Buying and Selling

In related 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 acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the transaction, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Principal Securities Inc. bought a new position in Dave & Buster’s Entertainment in the 4th quarter valued at $38,000. Federated Hermes Inc. raised its position in Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares during the last quarter. Headlands Technologies LLC raised its position in Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 233 shares during the last quarter. Finally, Allspring Global Investments Holdings LLC raised its position in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $30.79 on Monday. Dave & Buster’s Entertainment has a twelve month low of $29.78 and a twelve month high of $69.82. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32. The stock has a market capitalization of $1.22 billion, a PE ratio of 13.10 and a beta of 2.14. The stock has a 50-day simple moving average of $34.72 and a 200 day simple moving average of $47.93.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The business had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. During the same period in the prior year, the firm posted $1.45 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was down 1.5% on a year-over-year basis. Research analysts anticipate that Dave & Buster’s Entertainment will post 2.93 EPS for the current year.

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.