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

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

PLAY has been the topic of a number of analyst reports. Truist Financial reduced their price target on 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. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Benchmark began coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Loop Capital cut their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors have recently bought and sold shares of the company. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter worth $28,000. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment in the third quarter worth $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster’s Entertainment in the third quarter worth $121,000. O Shaughnessy Asset Management LLC acquired a new position in shares of Dave & Buster’s Entertainment in the first quarter worth $249,000. Finally, Allspring Global Investments Holdings LLC raised its holdings in shares of Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares during the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $36.40 on Friday. The business has a 50-day moving average of $35.37 and a 200 day moving average of $38.87. Dave & Buster’s Entertainment has a 12 month low of $29.31 and a 12 month high of $69.82. The stock has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.28 and a beta of 2.13. 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 (NASDAQ:PLAY) last announced its 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 during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period last year, the business posted $0.94 EPS. As a group, sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current 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.