Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Hold” from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned an average rating of “Hold” from the eight research firms that are covering the stock, MarketBeat.com reports. Six analysts have rated the stock with a hold rating and two have issued a buy rating on the company. The average 1-year price objective among brokerages that have covered the stock in the last year is $33.00.

Several equities analysts have recently commented on the company. BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Truist Financial lowered their price target 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. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday, April 8th. Finally, Piper Sandler lowered their target price 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, April 8th.

Dave & Buster’s Entertainment Trading Down 2.6 %

Shares of NASDAQ:PLAY opened at $19.46 on Tuesday. The stock has a 50 day moving average of $19.77 and a 200 day moving average of $27.88. The company has a market cap of $671.66 million, a PE ratio of 9.63 and a beta of 1.86. Dave & Buster’s Entertainment has a 12-month low of $15.08 and a 12-month high of $57.10. 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 (NASDAQ:PLAY) last announced its quarterly earnings data 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. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $548.77 million. During the same period in the prior year, the company posted $0.88 earnings per share. The company’s revenue for the quarter was down 10.8% compared to the same quarter last year. As a group, equities research analysts expect that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently bought and sold shares of PLAY. SBI Securities Co. Ltd. purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $47,000. KBC Group NV increased its stake in 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 last quarter. GAMMA Investing LLC raised its position in Dave & Buster’s Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 4,253 shares during the period. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at approximately $175,000. Finally, Aristides Capital LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.