Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Up 6% – Here’s Why

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price was up 6% during trading on Thursday . The stock traded as high as $19.16 and last traded at $19.39. Approximately 230,455 shares were traded during trading, a decline of 84% from the average daily volume of 1,465,769 shares. The stock had previously closed at $18.29.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. Loop Capital decreased their price target on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a report on Tuesday, April 8th. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Piper Sandler reduced their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $33.00.

Dave & Buster’s Entertainment Stock Performance

The stock has a market cap of $684.74 million, a PE ratio of 9.84 and a beta of 1.86. 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 business has a 50 day moving average price of $20.05 and a two-hundred day moving average price of $28.26.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share (EPS) for the quarter, topping the consensus estimate 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 company had revenue of $534.50 million for the quarter, compared to analysts’ expectations of $548.77 million. During the same period last year, the firm earned $0.88 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was down 10.8% on a year-over-year basis. As a group, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.52 EPS for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of PLAY. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $47,000. KBC Group NV lifted its position in Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 885 shares in the last quarter. GAMMA Investing LLC boosted its stake in Dave & Buster’s Entertainment by 3,974.8% during the 1st 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 last quarter. KLP Kapitalforvaltning AS bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $175,000. Finally, Aristides Capital LLC bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $207,000. 91.45% of the stock is currently 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.