BMO Capital Markets Has Lowered Expectations for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective decreased by BMO Capital Markets from $55.00 to $51.00 in a research note issued to investors on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the company. Loop Capital reduced their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Benchmark initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday. Finally, StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus target price of $61.57.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $39.32 on Tuesday. The company has a market cap of $1.55 billion, a PE ratio of 14.35 and a beta of 2.13. The stock’s 50 day simple moving average is $36.14 and its 200-day simple moving average is $37.99. Dave & Buster’s Entertainment has a 1-year low of $29.31 and a 1-year high of $69.82. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter last year, the business posted $0.94 earnings per share. As a group, equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.59 EPS for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of the company’s 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 completion of the purchase, the chief executive officer now owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This represents a 21.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently modified their holdings of PLAY. Eminence Capital LP grew its stake in shares of Dave & Buster’s Entertainment by 69.3% in the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares in the last quarter. Rubric Capital Management LP grew its stake in shares of Dave & Buster’s Entertainment by 104.7% in the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after buying an additional 626,497 shares in the last quarter. Sea Cliff Partners Management LP grew its stake in shares of Dave & Buster’s Entertainment by 90.8% in the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock valued at $20,504,000 after buying an additional 245,043 shares in the last quarter. Marshall Wace LLP grew its stake in shares of Dave & Buster’s Entertainment by 36.2% in the second quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock valued at $25,482,000 after buying an additional 170,286 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at $5,191,000. 91.45% of the stock is owned by institutional investors and hedge funds.

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.