Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Recommendation of “Hold” by Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the firm, MarketBeat reports. Seven investment analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month price objective among analysts that have issued a report on the stock in the last year is $53.38.

A number of research firms have weighed in on PLAY. BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Truist Financial restated a “hold” rating and set a $36.00 price target (down from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. Finally, StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CEO Kevin M. Sheehan purchased 37,735 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was bought at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last 90 days, insiders have acquired 71,672 shares of company stock valued at $1,966,596. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. XTX Topco Ltd raised its position in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after purchasing an additional 33,988 shares during the last quarter. Systematic Financial Management LP purchased a new stake in Dave & Buster’s Entertainment in the third quarter worth $224,000. Quarry LP bought a new stake in Dave & Buster’s Entertainment in the third quarter valued at $47,000. RBF Capital LLC purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $511,000. Finally, Centiva Capital LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $328,000. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $30.37 on Friday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment has a fifty-two week low of $25.00 and a fifty-two week high of $69.82. The stock has a market cap of $1.17 billion, a PE ratio of 15.03 and a beta of 2.17. The stock has a fifty day moving average of $34.52 and a 200-day moving average of $34.71.

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.