Truist Financial Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $21.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective lowered by Truist Financial from $27.00 to $21.00 in a research note published on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also commented on PLAY. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has a consensus rating of “Hold” and an average price target of $40.60.

Dave & Buster’s Entertainment Stock Performance

PLAY stock opened at $16.83 on Wednesday. The company has a market capitalization of $648.01 million, a price-to-earnings ratio of 8.33 and a beta of 1.86. Dave & Buster’s Entertainment has a 12 month low of $15.50 and a 12 month high of $65.66. The firm has a 50 day moving average of $22.02 and a two-hundred day moving average of $29.30. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Institutional Inflows and Outflows

Several hedge funds have recently modified their holdings of the business. Quarry LP acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at about $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $47,000. KBC Group NV boosted its holdings in shares of Dave & Buster’s Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares during the period. Point72 Hong Kong Ltd bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $144,000. 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.