Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Expected to Rise, Loop Capital Analyst Says

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective boosted by Loop Capital from $35.00 to $46.00 in a research note issued to investors on Wednesday morning,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other analysts also recently commented on the stock. Piper Sandler reduced 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 report on Tuesday, April 8th. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Truist Financial upped their target price on shares of Dave & Buster’s Entertainment from $18.00 to $22.00 and gave the company a “hold” rating in a report on Thursday, June 5th. Finally, UBS Group raised their price target on Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a report on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus price target of $33.83.

Dave & Buster’s Entertainment Stock Down 1.7%

Shares of NASDAQ PLAY opened at $30.17 on Wednesday. The business has a 50-day moving average price of $21.12 and a 200 day moving average price of $24.04. The stock has a market cap of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week 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 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). The firm had revenue of $567.70 million during the quarter, compared to analysts’ expectations of $572.12 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 quarterly revenue was down 3.5% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.99 EPS. Equities research analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the business. Parallax Volatility Advisers L.P. boosted its stake in shares of Dave & Buster’s Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock valued at $217,000 after buying an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dave & Buster’s Entertainment by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock worth $537,000 after acquiring an additional 728 shares in the last quarter. US Bancorp DE lifted its holdings in Dave & Buster’s Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 1,273 shares during the period. MetLife Investment Management LLC boosted its position in shares of Dave & Buster’s Entertainment by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock worth $602,000 after purchasing an additional 1,479 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth $47,000. Institutional investors and hedge funds 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.