Dave & Buster’s Entertainment (NASDAQ:PLAY) Given New $78.00 Price Target at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) had its target price hoisted by equities research analysts at Truist Financial from $75.00 to $78.00 in a research note issued on Wednesday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s price target would suggest a potential upside of 17.74% from the company’s previous close.

PLAY has been the subject of several other research reports. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Tuesday. TheStreet upgraded Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a report on Tuesday, January 2nd. Raymond James restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. UBS Group upped their target price on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday. Finally, Jefferies Financial Group upped their target price on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. One research analyst has rated the stock with a sell rating, two have given a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and a consensus price target of $64.21.

View Our Latest Stock Analysis on PLAY

Dave & Buster’s Entertainment Trading Up 7.0 %

Shares of Dave & Buster’s Entertainment stock opened at $66.25 on Wednesday. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 6.06. The firm has a market cap of $2.66 billion, a price-to-earnings ratio of 22.68 and a beta of 2.08. The business has a fifty day simple moving average of $59.60 and a 200-day simple moving average of $48.08. Dave & Buster’s Entertainment has a fifty-two week low of $31.65 and a fifty-two week high of $66.25.

Insider Activity

In related news, SVP John Mulleady sold 7,500 shares of the stock in a transaction dated Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total value of $361,875.00. Following the completion of the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $2,756,619. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently bought and sold shares of the business. Ameritas Investment Partners Inc. raised its stake in shares of Dave & Buster’s Entertainment by 8.1% during the 2nd quarter. Ameritas Investment Partners Inc. now owns 3,583 shares of the restaurant operator’s stock worth $160,000 after purchasing an additional 269 shares in the last quarter. Federated Hermes Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 67.3% during the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 292 shares during the last quarter. Ensign Peak Advisors Inc grew its holdings in Dave & Buster’s Entertainment by 1.7% in the 1st quarter. Ensign Peak Advisors Inc now owns 21,430 shares of the restaurant operator’s stock valued at $788,000 after buying an additional 350 shares during the last quarter. Bank of Montreal Can grew its holdings in Dave & Buster’s Entertainment by 4.2% in the 1st quarter. Bank of Montreal Can now owns 11,169 shares of the restaurant operator’s stock valued at $559,000 after buying an additional 453 shares during the last quarter. Finally, Legal & General Group Plc grew its holdings in Dave & Buster’s Entertainment by 0.4% in the 2nd quarter. Legal & General Group Plc now owns 115,754 shares of the restaurant operator’s stock valued at $3,795,000 after buying an additional 456 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

(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.

Further Reading

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

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