Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Up 9.8% – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price traded up 9.8% on Monday . The company traded as high as $37.41 and last traded at $37.40. 395,328 shares changed hands during mid-day trading, a decline of 68% from the average session volume of 1,248,920 shares. The stock had previously closed at $34.05.

Analyst Ratings Changes

A number of research analysts recently issued reports on the stock. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Truist Financial decreased their target price on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a research report on Tuesday. Finally, Loop Capital dropped their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $61.57.

Dave & Buster’s Entertainment Stock Performance

The stock has a market cap of $1.48 billion, a price-to-earnings ratio of 13.17 and a beta of 2.13. The firm’s 50-day moving average is $35.80 and its two-hundred day moving average is $38.11. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business’s revenue was up 2.8% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.94 earnings per share. As a group, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.62 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Christopher Daniel Morris bought 14,912 shares of the business’s stock in a transaction on Monday, October 7th. The stock was acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Kimelman & Baird LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth about $28,000. Quarry LP acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $121,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 1st quarter worth approximately $249,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.