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

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

A number of other brokerages have also recently commented on PLAY. Truist Financial lowered their price target on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research report on Wednesday, April 2nd. Gordon Haskett reiterated a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday. Finally, BMO Capital Markets reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $35.83.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $16.06 on Tuesday. The firm has a market capitalization of $618.36 million, a price-to-earnings ratio of 7.95 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The stock’s 50-day simple moving average is $21.34 and its 200-day simple moving average is $28.94. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $64.31.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same quarter in the prior year, the business posted $0.88 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. GAMMA Investing LLC grew its position in shares of Dave & Buster’s Entertainment by 71,493.5% during the 1st quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator’s stock valued at $1,346,000 after acquiring an additional 76,498 shares during the period. Universal Beteiligungs und Servicegesellschaft mbH acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at approximately $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Dave & Buster’s Entertainment by 22.7% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock valued at $2,098,000 after purchasing an additional 13,309 shares during the period. Woodline Partners LP purchased a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $6,702,000. Finally, Sapience Investments LLC raised its stake in shares of Dave & Buster’s Entertainment by 49.6% during the 4th quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator’s stock worth $2,949,000 after buying an additional 33,508 shares during the period. Hedge funds and other 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.