Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $53.38

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus recommendation of “Hold” from the ten analysts that are presently covering the firm, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price target among brokerages that have updated their coverage on the stock in the last year is $53.38.

Several equities research analysts recently issued reports on PLAY shares. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital reduced their price target on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating for the company. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th.

Dave & Buster’s Entertainment Stock Down 3.5 %

Shares of PLAY opened at $29.48 on Friday. The firm has a 50 day simple moving average of $34.16 and a two-hundred day simple moving average of $34.45. The company has a market cap of $1.14 billion, a P/E ratio of 14.59 and a beta of 2.17. Dave & Buster’s Entertainment has a one year low of $25.00 and a one year high of $69.82. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan acquired 37,735 shares of the business’s stock in a transaction dated Thursday, December 12th. The shares were bought at an average price of $25.48 per share, with a total value of $961,487.80. Following the transaction, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently added to or reduced their stakes in PLAY. Bank of New York Mellon Corp grew its holdings in shares of Dave & Buster’s Entertainment by 1.9% in the second quarter. Bank of New York Mellon Corp now owns 263,633 shares of the restaurant operator’s stock valued at $10,495,000 after acquiring an additional 4,847 shares in the last quarter. Allspring Global Investments Holdings LLC increased its position in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Rhumbline Advisers increased its position in shares of Dave & Buster’s Entertainment by 4.0% during the 2nd quarter. Rhumbline Advisers now owns 102,967 shares of the restaurant operator’s stock valued at $4,099,000 after purchasing an additional 3,983 shares during the last quarter. Quest Partners LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 488.7% in the 2nd quarter. Quest Partners LLC now owns 11,451 shares of the restaurant operator’s stock worth $456,000 after buying an additional 9,506 shares during the last quarter. Finally, Texas Permanent School Fund Corp boosted its holdings in shares of Dave & Buster’s Entertainment by 13.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 31,969 shares of the restaurant operator’s stock worth $1,273,000 after buying an additional 3,831 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

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.