Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $62.57 Consensus Price Target from Brokerages

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are currently covering the firm, MarketBeat.com reports. Four investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12 month price target among brokerages that have issued a report on the stock in the last year is $62.57.

A number of equities research analysts have recently weighed in on PLAY shares. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday, September 11th. Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. Finally, StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, October 7th. The stock was acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This represents a 21.63 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently made changes to their positions in the business. Louisiana State Employees Retirement System raised its stake in shares of Dave & Buster’s Entertainment by 1.9% during the 2nd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after buying an additional 300 shares during the period. GDS Wealth Management raised its stake in Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after purchasing an additional 488 shares during the last quarter. Price T Rowe Associates Inc. MD raised its stake in Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the last quarter. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at $28,000. Finally, Cerity Partners LLC increased its stake in shares of Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after acquiring an additional 710 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $36.40 on Friday. The company has a market capitalization of $1.43 billion, a PE ratio of 13.28 and a beta of 2.13. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The company has a 50-day simple moving average of $35.37 and a two-hundred day simple moving average of $38.87. Dave & Buster’s Entertainment has a one year low of $29.31 and a one year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the previous year, the company posted $0.94 earnings per share. Research analysts expect that Dave & Buster’s Entertainment will post 2.62 EPS for the current fiscal year.

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.