Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $64.56

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Free Report) have been given a consensus recommendation of “Moderate Buy” by the eight analysts that are presently covering the company, Marketbeat.com reports. Three research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12 month target price among brokerages that have issued a report on the stock in the last year is $64.56.

Several equities research analysts have weighed in on the company. Truist Financial cut their price target on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, June 11th. UBS Group decreased their target price on 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. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. Loop Capital reduced their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Finally, BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 13th.

Read Our Latest Research Report on PLAY

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $40.99 on Wednesday. The stock’s fifty day moving average is $50.76 and its two-hundred day moving average is $54.62. The firm has a market capitalization of $1.62 billion, a P/E ratio of 17.44 and a beta of 2.06. 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.

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

Insider Transactions at Dave & Buster’s Entertainment

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

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently modified their holdings of the business. Principal Securities Inc. acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth $38,000. Federated Hermes Inc. grew its position in shares of Dave & Buster’s Entertainment by 67.3% in the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares during the last quarter. FSC Wealth Advisors LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $45,000. GAMMA Investing LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $53,000. Finally, Headlands Technologies LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $54,000. 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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