Dave & Buster’s Entertainment (NASDAQ:PLAY) Downgraded by Zacks Research to “Strong Sell”

by · The Cerbat Gem

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) was downgraded by equities research analysts at Zacks Research from a “hold” rating to a “strong sell” rating in a note issued to investors on Monday,Zacks.com reports.

Several other research firms also recently weighed in on PLAY. Piper Sandler decreased their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a report on Tuesday. BMO Capital Markets increased their price objective on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a report on Wednesday, June 11th. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday. Loop Capital increased their price target on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Finally, UBS Group decreased their price target on Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a report on Tuesday. Two research analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has given a Sell rating to the company. According to MarketBeat.com, the company has a consensus rating of “Hold” and an average target price of $31.33.

Get Our Latest Stock Analysis on PLAY

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $20.14 on Monday. The company has a market capitalization of $696.44 million, a P/E ratio of 59.24 and a beta of 2.04. Dave & Buster’s Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73. The business has a 50 day simple moving average of $26.94 and a 200-day simple moving average of $23.98. The company has a current ratio of 0.26, a quick ratio of 0.17 and a debt-to-equity ratio of 10.69.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) last posted its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing the consensus estimate of $0.92 by ($0.60). The firm had revenue of $557.40 million during the quarter, compared to analyst estimates of $565.43 million. Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 28.95%. Dave & Buster’s Entertainment’s revenue was up .1% compared to the same quarter last year. During the same period in the previous year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Tarun Lal purchased 8,060 shares of the company’s stock in a transaction dated Tuesday, July 22nd. The stock was acquired at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at $251,955.60. This represents a ∞ increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this link. 2.02% of the stock is currently owned by corporate insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in the company. Raymond James Financial Inc. increased its position in shares of Dave & Buster’s Entertainment by 0.5% in the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after buying an additional 637 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in Dave & Buster’s Entertainment by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock worth $537,000 after purchasing an additional 728 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth about $37,000. US Bancorp DE increased its position in Dave & Buster’s Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 1,273 shares in the last quarter. Finally, Ausdal Financial Partners Inc. increased its position in Dave & Buster’s Entertainment by 9.0% during the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 2,078 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

(Get Free Report)

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.

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