Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Raised to $29.00 at UBS Group

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price increased by UBS Group from $18.00 to $29.00 in a research report released on Wednesday morning,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator’s stock.

PLAY has been the subject of a number of other reports. Piper Sandler decreased 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 research note on Tuesday, April 8th. BMO Capital Markets decreased their price target 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. Loop Capital decreased their price target 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. Finally, Truist Financial increased their price target on shares of Dave & Buster’s Entertainment from $18.00 to $22.00 and gave the stock a “hold” rating in a research note on Thursday, June 5th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and a consensus target price of $33.83.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $30.17 on Wednesday. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 14.94 and a beta of 2.00. The company has a 50-day moving average price of $21.12 and a 200-day moving average price of $24.04. 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 12 month low of $15.08 and a 12 month high of $44.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business’s revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. As a group, equities analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Parallax Volatility Advisers L.P. increased its stake in shares of Dave & Buster’s Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock valued at $217,000 after purchasing an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its stake in shares of Dave & Buster’s Entertainment by 4.1% during the fourth 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. US Bancorp DE increased its stake 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 valued at $27,000 after purchasing an additional 1,273 shares in the last quarter. MetLife Investment Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 7.7% during the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock valued at $602,000 after purchasing an additional 1,479 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at approximately $47,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.