Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $33.50 Consensus PT from Brokerages

by · The Markets Daily

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY – Get Free Report) has been assigned a consensus recommendation of “Hold” from the eight analysts that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $31.3333.

PLAY has been the topic of a number of research analyst reports. Loop Capital boosted their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a report on Wednesday, June 11th. Piper Sandler cut their price objective on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research report on Tuesday. UBS Group dropped their price target on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday. BMO Capital Markets upped their price target on shares of Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. Finally, Truist Financial dropped their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a research report on Tuesday.

View Our Latest Analysis on PLAY

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Tarun Lal bought 8,060 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The stock was acquired at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the purchase, the chief executive officer owned 8,060 shares of the company’s stock, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 2.02% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the company. Clearline Capital LP boosted its stake in shares of Dave & Buster’s Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator’s stock valued at $23,706,000 after purchasing an additional 203,012 shares during the period. Arrowstreet Capital Limited Partnership boosted its stake in Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock valued at $30,067,000 after acquiring an additional 499,412 shares during the last quarter. Boston Partners boosted its stake in Dave & Buster’s Entertainment by 1.9% during the 1st quarter. Boston Partners now owns 578,639 shares of the restaurant operator’s stock valued at $10,169,000 after acquiring an additional 10,905 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its stake in Dave & Buster’s Entertainment by 9.5% during the 1st quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator’s stock valued at $9,081,000 after acquiring an additional 44,911 shares during the last quarter. Finally, Northern Trust Corp boosted its stake in Dave & Buster’s Entertainment by 11.0% during the 4th quarter. Northern Trust Corp now owns 371,818 shares of the restaurant operator’s stock valued at $10,853,000 after acquiring an additional 36,785 shares during the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Down 16.7%

Shares of Dave & Buster’s Entertainment stock opened at $20.14 on Friday. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week high of $43.73. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The company’s 50-day simple moving average is $26.94 and its 200-day simple moving average is $23.98. The firm has a market cap of $696.44 million, a price-to-earnings ratio of 59.24 and a beta of 2.04.

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

Dave & Buster’s Entertainment Company Profile

(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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