Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $61.57

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been assigned a consensus recommendation of “Hold” from the ten brokerages that are currently covering the company, MarketBeat reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $53.38.

Several brokerages have issued reports on PLAY. Gordon Haskett reissued a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Truist Financial restated a “hold” rating and issued a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company.

Dave & Buster’s Entertainment Trading Up 7.8 %

NASDAQ:PLAY opened at $27.48 on Wednesday. The company has a market capitalization of $1.06 billion, a PE ratio of 13.73 and a beta of 2.13. Dave & Buster’s Entertainment has a 52-week low of $25.00 and a 52-week high of $69.82. The stock’s 50 day moving average price is $36.48 and its 200 day moving average price is $36.94. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. During the same period last year, the firm posted $0.94 earnings per share. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Dave & Buster’s Entertainment will post 2.54 EPS for the current year.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 37,735 shares of Dave & Buster’s Entertainment stock in a transaction on 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 completion of the acquisition, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Christopher Daniel Morris acquired 14,912 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price 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 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently bought and sold shares of the stock. Kimelman & Baird LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at $28,000. Quarry LP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth about $121,000. Allspring Global Investments Holdings LLC grew its holdings in shares of Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $144,000. 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.