Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Rating of “Hold” from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been given an average recommendation of “Hold” by the eight ratings firms that are presently covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $33.00.

PLAY has been the topic of several recent research reports. Loop Capital reduced their price target on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. Truist Financial reduced their target price on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a research report on Wednesday, April 2nd. Piper Sandler lowered their price target on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a report on Tuesday, April 8th. Finally, BMO Capital Markets cut their price objective on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, April 9th.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $21.70 on Wednesday. The firm’s fifty day simple moving average is $19.64 and its 200 day simple moving average is $24.44. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a twelve month low of $15.08 and a twelve month high of $52.08. The firm has a market capitalization of $749.28 million, a price-to-earnings ratio of 10.74 and a beta of 1.94.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the company posted $0.88 earnings per share. The firm’s revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts expect that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the stock. Parallax Volatility Advisers L.P. boosted its stake in Dave & Buster’s Entertainment by 9.3% during the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock valued at $217,000 after acquiring an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its stake in shares of Dave & Buster’s Entertainment by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock valued at $537,000 after purchasing an additional 728 shares in the last quarter. KBC Group NV lifted its position in shares of Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 885 shares during the last quarter. US Bancorp DE lifted its position in shares of Dave & Buster’s Entertainment by 442.0% during the first 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 during the last quarter. Finally, MetLife Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 1,479 shares in the last quarter. Institutional investors 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.