Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $21.83 Consensus Target Price from Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned an average rating of “Hold” from the eight research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and three have assigned a buy rating to the company. The average 1 year price objective among brokers that have updated their coverage on the stock in the last year is $21.8333.

A number of analysts have weighed in on PLAY shares. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Piper Sandler cut their target price on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Finally, Wall Street Zen cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total value of $102,668.41. Following the transaction, the senior vice president directly owned 38,547 shares of the company’s stock, valued at $566,255.43. The trade was a 15.35% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. 1.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently modified their holdings of the business. Ruffer LLP acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at $2,111,000. First Eagle Investment Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $1,834,000. SG Americas Securities LLC grew its position in Dave & Buster’s Entertainment by 232.3% in the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after buying an additional 443,308 shares during the last quarter. Clearline Capital LP grew its position in Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after buying an additional 274,541 shares during the last quarter. Finally, Cibc World Market Inc. grew its position in Dave & Buster’s Entertainment by 236.9% in the 3rd quarter. Cibc World Market Inc. now owns 336,900 shares of the restaurant operator’s stock valued at $6,118,000 after buying an additional 236,900 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Up 5.3%

PLAY stock opened at $12.37 on Wednesday. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 16.61. Dave & Buster’s Entertainment has a twelve month low of $9.61 and a twelve month high of $35.53. The company’s 50 day moving average is $11.90 and its two-hundred day moving average is $15.04. The stock has a market cap of $429.72 million, a P/E ratio of -8.65 and a beta of 1.78.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) earnings per share for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.The company had revenue of $529.60 million for the quarter, compared to analyst estimates of $556.56 million. During the same period in the previous year, the business posted $0.69 EPS. The firm’s revenue for the quarter was down .9% compared to the same quarter last year. Research analysts expect that Dave & Buster’s Entertainment will post -0.86 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.