Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Lowered to $22.00 at Piper Sandler

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price lowered by Piper Sandler from $33.00 to $22.00 in a research report sent to investors on Tuesday morning,Benzinga reports. The firm currently has a neutral rating on the restaurant operator’s stock.

Several other equities research analysts have also recently commented on PLAY. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial dropped their target price on 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. BMO Capital Markets decreased their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Gordon Haskett reissued 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 research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $35.83.

Dave & Buster’s Entertainment Stock Down 0.8 %

PLAY stock opened at $16.06 on Tuesday. 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 stock has a market capitalization of $618.36 million, a P/E ratio of 7.95 and a beta of 1.86. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $64.31. The business has a 50-day moving average of $21.34 and a 200-day moving average of $28.94.

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 for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same quarter in the prior year, the firm posted $0.88 EPS. The business’s revenue was down 10.8% on a year-over-year basis. On average, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the business. Centiva Capital LP bought a new position in shares of Dave & Buster’s Entertainment in the third quarter valued at about $328,000. Quarry LP acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $47,000. Hennessy Advisors Inc. raised its holdings in Dave & Buster’s Entertainment by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after acquiring an additional 10,000 shares during the period. SG Americas Securities LLC lifted its position in Dave & Buster’s Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock worth $12,405,000 after acquiring an additional 389,577 shares during the last quarter. Finally, KBC Group NV boosted its holdings in shares of Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after acquiring an additional 885 shares during the period. Institutional investors and hedge funds 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.