Loop Capital Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $35.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective decreased by Loop Capital from $45.00 to $35.00 in a research report report published on Tuesday morning,Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

PLAY has been the subject of several other research reports. Piper Sandler cut their price target on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday. BMO Capital Markets cut their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus price target of $33.00.

Dave & Buster’s Entertainment Stock Up 0.5 %

PLAY stock opened at $17.61 on Tuesday. Dave & Buster’s Entertainment has a 12 month low of $15.08 and a 12 month high of $61.56. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company has a market cap of $678.04 million, a price-to-earnings ratio of 8.72 and a beta of 1.86. The company has a fifty day moving average price of $20.77 and a 200 day moving average price of $28.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. The firm had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The business’s revenue was down 10.8% on a year-over-year basis. During the same quarter last year, the company posted $0.88 earnings per share. Sell-side analysts expect that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLAY. Parallax Volatility Advisers L.P. boosted its stake in shares of Dave & Buster’s Entertainment by 9.3% during the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after acquiring an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. increased its position in shares of Dave & Buster’s Entertainment by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock valued at $537,000 after buying an additional 728 shares in the last quarter. KBC Group NV raised its stake in shares of Dave & Buster’s Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after buying an additional 885 shares during the last quarter. Quarry LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $47,000. Finally, MetLife Investment Management LLC grew its stake in Dave & Buster’s Entertainment by 7.7% in the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator’s stock valued at $602,000 after acquiring an additional 1,479 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.