Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Consensus Recommendation of “Hold” from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus rating of “Hold” from the nine brokerages that are currently covering the company, MarketBeat reports. Two research analysts have rated the stock with a sell recommendation, five have given a hold recommendation and two have assigned a buy recommendation to the company. The average 1-year target price among brokers that have issued ratings on the stock in the last year is $31.3333.

A number of equities analysts have weighed in on PLAY shares. UBS Group cut 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. Piper Sandler cut their target price 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. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Truist Financial decreased their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating for the company in a report on Tuesday, September 16th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th.

Dave & Buster’s Entertainment Trading Down 2.3%

Shares of PLAY opened at $14.69 on Friday. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. The firm’s 50-day moving average is $20.16 and its two-hundred day moving average is $23.92. Dave & Buster’s Entertainment has a twelve month low of $14.24 and a twelve month high of $43.73. The firm has a market capitalization of $509.26 million, a P/E ratio of 43.21 and a beta of 1.97.

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

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. GAMMA Investing LLC raised its position in shares of Dave & Buster’s Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock worth $77,000 after buying an additional 4,253 shares in the last quarter. Signaturefd LLC boosted its holdings in Dave & Buster’s Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock worth $75,000 after buying an additional 3,997 shares in the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Dave & Buster’s Entertainment by 21.6% in the first quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 12,940 shares of the restaurant operator’s stock worth $227,000 after buying an additional 2,300 shares during the last quarter. Easterly Investment Partners LLC grew its position in Dave & Buster’s Entertainment by 118.6% in the first quarter. Easterly Investment Partners LLC now owns 82,083 shares of the restaurant operator’s stock worth $1,442,000 after buying an additional 44,542 shares during the last quarter. Finally, Jennison Associates LLC acquired a new position in Dave & Buster’s Entertainment in the first quarter worth approximately $555,000. 91.45% of the stock is currently owned by institutional investors.

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.