Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Consensus Recommendation of “Moderate Buy” from Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Free Report) have received an average recommendation of “Moderate Buy” from the five analysts that are covering the firm, Marketbeat reports. One investment analyst has rated the stock with a hold recommendation and four have given a buy recommendation to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $54.25.

PLAY has been the topic of several analyst reports. StockNews.com initiated coverage on shares of Dave & Buster’s Entertainment in a research report on Thursday, October 5th. They set a “hold” rating on the stock. Raymond James lifted their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $58.00 and gave the company an “outperform” rating in a research report on Thursday. Finally, TheStreet raised shares of Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research note on Tuesday, January 2nd.

View Our Latest Research Report on Dave & Buster’s Entertainment

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $52.03 on Friday. The stock has a 50 day moving average price of $47.86 and a two-hundred day moving average price of $41.93. Dave & Buster’s Entertainment has a 52 week low of $31.65 and a 52 week high of $55.98. The firm has a market capitalization of $2.09 billion, a P/E ratio of 19.06 and a beta of 2.06. The company has a debt-to-equity ratio of 6.06, a quick ratio of 0.27 and a current ratio of 0.37.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last issued its quarterly earnings data on Tuesday, December 5th. The restaurant operator reported $0.01 earnings per share for the quarter, topping the consensus estimate of ($0.22) by $0.23. The firm had revenue of $466.90 million for the quarter, compared to analysts’ expectations of $472.25 million. Dave & Buster’s Entertainment had a net margin of 5.99% and a return on equity of 46.45%. The business’s quarterly revenue was down 3.0% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.04 EPS. Equities analysts forecast that Dave & Buster’s Entertainment will post 3.66 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 7,500 shares of Dave & Buster’s Entertainment stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $48.25, for a total value of $361,875.00. Following the completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at $2,756,619. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently bought and sold shares of the business. Lazard Asset Management LLC purchased a new position in shares of Dave & Buster’s Entertainment in the 1st quarter valued at approximately $32,000. FSC Wealth Advisors LLC purchased a new stake in Dave & Buster’s Entertainment during the 4th quarter worth about $45,000. Exchange Traded Concepts LLC acquired a new position in Dave & Buster’s Entertainment during the second quarter worth approximately $47,000. Jefferies Financial Group Inc. purchased a new position in Dave & Buster’s Entertainment in the 4th quarter valued at $55,000. Finally, Point72 Middle East FZE purchased a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth approximately $93,000. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Company Profile

(Get Free Report

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.

See Also

Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

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