Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $63.00

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) had its price target cut by analysts at Loop Capital from $86.00 to $63.00 in a research note issued on Friday, Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s target price indicates a potential upside of 43.93% from the stock’s previous close.

Several other brokerages also recently issued reports on PLAY. Piper Sandler restated a “neutral” rating and issued a $71.00 price target (up from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. UBS Group dropped their price target on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday. StockNews.com raised shares of Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, April 10th. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday. Finally, Truist Financial dropped their price objective on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research note on Tuesday, June 11th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the company. According to MarketBeat, Dave & Buster’s Entertainment has an average rating of “Moderate Buy” and an average target price of $64.56.

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Dave & Buster’s Entertainment Stock Down 2.4 %

NASDAQ PLAY opened at $43.77 on Friday. The stock’s 50 day simple moving average is $52.64 and its 200 day simple moving average is $54.54. The company has a debt-to-equity ratio of 5.11, a current ratio of 0.32 and a quick ratio of 0.23. Dave & Buster’s Entertainment has a one year low of $33.07 and a one year high of $69.82. The firm has a market cap of $1.73 billion, a PE ratio of 18.63 and a beta of 2.06.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) 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). The company had revenue of $588.10 million during the quarter, compared to analyst estimates of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 50.06%. The company’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.45 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment will post 3.69 earnings per share for the current fiscal year.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now directly owns 33,546 shares in the company, valued at approximately $2,199,611.22. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, April 4th. The shares were sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after purchasing an additional 116,402 shares during the period. Eminence Capital LP lifted its holdings in Dave & Buster’s Entertainment by 331.4% during the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock worth $134,766,000 after purchasing an additional 2,792,780 shares in the last quarter. Nomura Holdings Inc. raised its position in shares of Dave & Buster’s Entertainment by 1.8% in the third quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock worth $92,400,000 after buying an additional 43,621 shares in the last quarter. American Century Companies Inc. boosted its position in shares of Dave & Buster’s Entertainment by 7.0% during the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after acquiring an additional 132,460 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth $72,730,000. 91.45% of the stock is owned by institutional investors.

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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