Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $62.57

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has earned an average recommendation of “Moderate Buy” from the nine brokerages that are covering the company, Marketbeat Ratings reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price target among analysts that have covered the stock in the last year is $62.57.

PLAY has been the subject of several recent research reports. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Loop Capital decreased their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Finally, Benchmark began coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating on the stock.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, October 7th. The stock was bought 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 owns 83,847 shares of the company’s stock, valued at $2,823,128.49. The trade was a 0.00 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. SG Americas Securities LLC grew its position in Dave & Buster’s Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares in the last quarter. Quadrature Capital Ltd increased its position in shares of Dave & Buster’s Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after purchasing an additional 25,376 shares during the period. Edgestream Partners L.P. acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at $1,417,000. Keeley Teton Advisors LLC acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter valued at $1,803,000. Finally, Quantbot Technologies LP bought a new position in Dave & Buster’s Entertainment in the first quarter worth $2,401,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ 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 one year low of $29.31 and a one year high of $69.82. The business’s 50-day moving average price is $32.73 and its two-hundred day moving average price is $41.08. The company has a market capitalization of $1.45 billion, a P/E ratio of 13.45 and a beta of 2.15.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the business posted $0.94 EPS. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Analysts anticipate that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

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.