Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Average Rating of “Hold” by Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat.com reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average twelve-month price target among brokers that have updated their coverage on the stock in the last year is $51.43.

A number of analysts recently commented on PLAY shares. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets lowered their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Finally, Loop Capital cut their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th.

Insider Activity

In other news, CEO Kevin M. Sheehan purchased 19,025 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were bought at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the purchase, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently bought and sold shares of the company. Clearline Capital LP lifted its position in Dave & Buster’s Entertainment by 1,768.8% in the 4th quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after acquiring an additional 1,084,890 shares in the last quarter. Patient Capital Management LLC increased its holdings in shares of Dave & Buster’s Entertainment by 36.6% in the 4th quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock worth $51,878,000 after purchasing an additional 476,662 shares in the last quarter. SG Americas Securities LLC raised its stake in shares of Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Boston Partners lifted its holdings in shares of Dave & Buster’s Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock valued at $16,563,000 after purchasing an additional 323,595 shares in the last quarter. Finally, Woodline Partners LP purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $6,702,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Trading Down 2.0 %

PLAY opened at $23.64 on Monday. The firm has a market capitalization of $910.21 million, a price-to-earnings ratio of 11.70 and a beta of 2.17. Dave & Buster’s Entertainment has a one year low of $22.83 and a one year high of $69.82. The business has a 50 day simple moving average of $27.11 and a two-hundred day simple moving average of $31.82. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

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.