Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Lowered to $63.00 at Loop Capital

Dave & Buster’s Entertainment (NASDAQ:PLAYFree Report) had its target price reduced by Loop Capital from $86.00 to $63.00 in a research note released on Friday morning, Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

Several other equities research analysts have also recently weighed in on the company. Piper Sandler restated a neutral rating and set a $71.00 target price (up from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Jefferies Financial Group increased their price objective on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, March 6th. StockNews.com upgraded shares of Dave & Buster’s Entertainment from a sell rating to a hold rating in a report on Wednesday, April 10th. UBS Group dropped their price target on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating for the company in a research report on Wednesday, June 12th. Finally, William Blair reaffirmed an outperform rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has a consensus rating of Moderate Buy and a consensus price target of $64.56.

View Our Latest Analysis on PLAY

Dave & Buster’s Entertainment Trading Up 1.6 %

Shares of PLAY opened at $44.47 on Friday. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32. Dave & Buster’s Entertainment has a fifty-two week low of $33.07 and a fifty-two week high of $69.82. The firm has a 50 day moving average price of $52.25 and a 200-day moving average price of $54.66. The firm has a market cap of $1.76 billion, a price-to-earnings ratio of 18.92 and a beta of 2.06.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last posted its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The business had revenue of $588.10 million during the quarter, compared to the consensus estimate of $615.88 million. During the same period in the prior year, the firm earned $1.45 earnings per share. The business’s revenue for the quarter was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 3.15 earnings per share for the current year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the sale, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at approximately $3,803,848.56. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the transaction, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Vanguard Group Inc. boosted its position in shares of Dave & Buster’s Entertainment by 2.7% in the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after purchasing an additional 116,402 shares in the last quarter. Eminence Capital LP raised its stake in Dave & Buster’s Entertainment by 331.4% during the third quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after buying an additional 2,792,780 shares during the last quarter. Nomura Holdings Inc. boosted its holdings in Dave & Buster’s Entertainment by 1.8% in the third quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock worth $92,400,000 after acquiring an additional 43,621 shares in the last quarter. American Century Companies Inc. grew its stake in shares of Dave & Buster’s Entertainment by 7.0% in the third quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock worth $74,971,000 after acquiring an additional 132,460 shares during the last quarter. Finally, Wolf Hill Capital Management LP bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $72,730,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.

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

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