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

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received an average rating of “Moderate Buy” from the nine ratings firms that are currently covering the firm, Marketbeat.com reports. Four research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $62.57.

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

Dave & Buster’s Entertainment Stock Up 8.2 %

PLAY opened at $36.86 on Tuesday. 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 has a 12 month low of $29.31 and a 12 month high of $69.82. The stock’s 50 day moving average price is $32.73 and its 200 day moving average price is $41.08. The stock has a market cap of $1.45 billion, a P/E ratio of 13.45 and a beta of 2.15.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The company had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period last year, the company earned $0.94 earnings per share. As a group, research analysts predict that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current year.

Insider Activity at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 0.00 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds have recently modified their holdings of the business. Eminence Capital LP raised its position in Dave & Buster’s Entertainment by 69.3% during 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 during the period. Coronation Fund Managers Ltd. increased its holdings in shares of Dave & Buster’s Entertainment by 273.6% in the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock valued at $62,943,000 after purchasing an additional 736,345 shares during the period. Rubric Capital Management LP lifted its position 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 worth $48,767,000 after purchasing an additional 626,497 shares in the last quarter. National Bank of Canada FI purchased a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $31,300,000. Finally, Hood River Capital Management LLC purchased a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $30,229,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.