Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $31.33 Consensus Target Price from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given an average rating of “Hold” by the nine research firms that are currently covering the stock, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued a report on the stock in the last year is $31.3333.

PLAY has been the topic of several research analyst reports. Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. UBS Group decreased their price target on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating on the stock in a research note on Tuesday, September 16th. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, September 15th. Finally, Truist Financial decreased their price target on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, September 16th.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Tarun Lal bought 8,060 shares of the firm’s stock in a transaction dated Tuesday, July 22nd. The shares were purchased at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the transaction, the chief executive officer owned 8,060 shares of the company’s stock, valued at $251,955.60. This represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Corporate insiders own 2.02% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Several hedge funds have recently made changes to their positions in the business. Raymond James Financial Inc. raised its position in shares of Dave & Buster’s Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after buying an additional 637 shares in the last quarter. Farther Finance Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at about $37,000. US Bancorp DE raised its position in shares of Dave & Buster’s Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after buying an additional 1,273 shares in the last quarter. Ausdal Financial Partners Inc. raised its position in Dave & Buster’s Entertainment by 9.0% in the 2nd quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 2,078 shares during the period. Finally, Schwarz Dygos Wheeler Investment Advisors LLC raised its position in Dave & Buster’s Entertainment by 21.6% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator’s stock worth $227,000 after purchasing an additional 2,300 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $16.86 on Tuesday. The firm has a market cap of $584.54 million, a price-to-earnings ratio of 49.59 and a beta of 1.97. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 9.32. The business has a 50-day moving average price of $22.51 and a 200-day moving average price of $23.92. Dave & Buster’s Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). The business had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business’s revenue was up .1% on a year-over-year basis. During the same period last year, the company earned $0.99 EPS. As a group, equities research analysts predict that Dave & Buster’s Entertainment will post 2.52 EPS for the current fiscal year.

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.