Dave & Buster’s Entertainment (NASDAQ:PLAY) Raised to Hold at Zacks Research

Dave & Buster’s Entertainment (NASDAQ:PLAY) was upgraded by equities researchers at Zacks Research from a “strong sell” rating to a “hold” rating in a research note issued on Thursday,Zacks.com reports.

Several other equities analysts also recently commented on PLAY. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. Piper Sandler dropped 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, September 16th. Truist Financial lifted their price objective on Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the stock a “hold” rating in a research report on Thursday. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a report on Wednesday. Finally, BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday. Two equities research analysts have rated the stock with a Buy rating, five have given a Hold rating and one has assigned a Sell rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $23.80.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $19.86 on Thursday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. Dave & Buster’s Entertainment has a fifty-two week low of $13.04 and a fifty-two week high of $35.53. The stock has a 50 day moving average price of $16.57 and a two-hundred day moving average price of $23.03. The company has a market capitalization of $688.74 million, a P/E ratio of -496.38 and a beta of 1.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm had revenue of $448.20 million during the quarter, compared to analysts’ expectations of $460.66 million. During the same period in the previous year, the firm earned ($0.45) earnings per share. The firm’s quarterly revenue was down 1.1% compared to the same quarter last year. Analysts expect that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently bought and sold shares of PLAY. US Bancorp DE raised its position in Dave & Buster’s Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. Advisory Services Network LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at $27,000. Farther Finance Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at $37,000. Quadrant Capital Group LLC bought a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at about $104,000. Finally, AlphaQuest LLC lifted its position in Dave & Buster’s Entertainment by 415.9% during the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock worth $147,000 after buying an additional 6,525 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors.

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.