Truist Financial Issues Positive Forecast for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lifted by Truist Financial from $18.00 to $22.00 in a report issued on Thursday morning,Benzinga reports. The brokerage currently has a hold rating on the restaurant operator’s stock.

Several other research analysts have also commented on the stock. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. Finally, Piper Sandler reduced their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Hold” and an average price target of $33.17.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $23.85 on Thursday. The company has a 50 day moving average price of $19.95 and a 200-day moving average price of $24.19. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $51.27. The stock has a market capitalization of $823.52 million, a PE ratio of 11.81 and a beta of 2.00. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. The firm had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster’s Entertainment’s revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Equities analysts predict that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PLAY. KBC Group NV increased its stake in Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 885 shares in the last quarter. Rhumbline Advisers increased its stake in Dave & Buster’s Entertainment by 3.9% during the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator’s stock valued at $2,880,000 after purchasing an additional 3,730 shares in the last quarter. Principal Financial Group Inc. increased its stake in Dave & Buster’s Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after purchasing an additional 3,494 shares in the last quarter. Hussman Strategic Advisors Inc. increased its stake in Dave & Buster’s Entertainment by 33.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator’s stock valued at $1,226,000 after purchasing an additional 10,500 shares in the last quarter. Finally, Illinois Municipal Retirement Fund increased its stake in Dave & Buster’s Entertainment by 34.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator’s stock valued at $662,000 after purchasing an additional 5,854 shares in the last quarter. Institutional investors and hedge funds 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.