Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $46.67

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have received a consensus rating of “Hold” from the nine ratings firms that are covering the firm, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among analysts that have covered the stock in the last year is $46.67.

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

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors have recently made changes to their positions in the stock. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Dave & Buster’s Entertainment by 22.7% during the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock valued at $2,098,000 after purchasing an additional 13,309 shares in the last quarter. Woodline Partners LP bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $6,702,000. Sapience Investments LLC raised its holdings in shares of Dave & Buster’s Entertainment by 49.6% in the 4th quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator’s stock worth $2,949,000 after purchasing an additional 33,508 shares in the last quarter. Finally, ProShare Advisors LLC raised its holdings in shares of Dave & Buster’s Entertainment by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator’s stock worth $284,000 after purchasing an additional 2,996 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Up 2.8 %

Shares of NASDAQ:PLAY opened at $19.87 on Friday. The company’s fifty day moving average is $23.46 and its two-hundred day moving average is $30.14. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster’s Entertainment has a 1-year low of $17.02 and a 1-year high of $69.82. The stock has a market capitalization of $765.05 million, a price-to-earnings ratio of 9.84 and a beta of 2.17.

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.