Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

by · The Cerbat Gem

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Free Report) have received an average recommendation of “Moderate Buy” from the nine research firms that are currently covering the firm, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have issued a buy rating on the company. The average 12-month price objective among analysts that have updated their coverage on the stock in the last year is $62.57.

A number of equities analysts recently commented on the stock. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Loop Capital decreased their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. Finally, Truist Financial decreased their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd.

Read Our Latest Analysis on Dave & Buster’s Entertainment

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CEO Christopher Daniel Morris bought 14,912 shares of the business’s stock in a transaction dated Monday, October 7th. The shares were purchased at an average price of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 0.00 % increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently made changes to their positions in PLAY. Headlands Technologies LLC lifted its position in Dave & Buster’s Entertainment by 23.4% during the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after buying an additional 233 shares during the period. Illinois Municipal Retirement Fund boosted its stake in Dave & Buster’s Entertainment by 1.3% during the first quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock worth $1,212,000 after acquiring an additional 248 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its holdings in Dave & Buster’s Entertainment by 3.5% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares during the period. Louisiana State Employees Retirement System lifted its holdings in shares of Dave & Buster’s Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after purchasing an additional 300 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD lifted its holdings in shares of Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock opened at $39.09 on Tuesday. The firm has a market capitalization of $1.54 billion, a PE ratio of 14.27 and a beta of 2.15. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment has a 12 month low of $29.31 and a 12 month high of $69.82. The business’s 50-day moving average price is $33.07 and its 200-day moving average price is $40.41.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) last issued its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period last year, the business earned $0.94 earnings per share. Sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.62 EPS for the current fiscal 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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