BMO Capital Markets Has Lowered Expectations for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective dropped by equities research analysts at BMO Capital Markets from $55.00 to $51.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm currently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price points to a potential upside of 35.57% from the company’s current price.

Other equities analysts have also issued reports about the company. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating 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 issued a “hold” rating for the company. Finally, Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Stock Up 4.3 %

Shares of Dave & Buster’s Entertainment stock opened at $37.62 on Tuesday. The stock has a 50-day simple moving average of $35.91 and a 200-day simple moving average of $38.10. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82. The firm has a market cap of $1.48 billion, a price-to-earnings ratio of 13.73 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 released its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. Dave & Buster’s Entertainment’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.94 EPS. On average, equities research analysts expect that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction on Monday, October 7th. The shares were purchased 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 21.63 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently modified their holdings of the stock. Kimelman & Baird LLC acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Quarry LP bought a new position in Dave & Buster’s Entertainment during the 3rd quarter worth $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $144,000. Finally, Allspring Global Investments Holdings LLC boosted its position 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 valued at $161,000 after acquiring an additional 4,021 shares during the period. Institutional investors own 91.45% of the company’s stock.

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.