Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Target Price at $46.67

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received an average recommendation of “Hold” from the nine brokerages that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $46.67.

PLAY has been the topic of a number of recent analyst reports. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets decreased their target price on 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 reduced their price objective on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. Finally, Loop Capital lowered their target price on 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.

Dave & Buster’s Entertainment Trading Up 2.8 %

Shares of PLAY opened at $19.87 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 1-year low of $17.02 and a 1-year high of $69.82. The stock has a market capitalization of $765.05 million, a P/E ratio of 9.84 and a beta of 2.17. The business’s 50-day moving average price is $23.46 and its 200 day moving average price is $30.14.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Connor Clark & Lunn Investment Management Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $1,949,000. Intech Investment Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 171.4% during the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 13,550 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after purchasing an additional 15,015 shares in the last quarter. Cerity Partners LLC lifted its stake in shares of Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after purchasing an additional 710 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Dave & Buster’s Entertainment in the third quarter worth $196,000. 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.