BMO Capital Markets Lowers Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $51.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target decreased by BMO Capital Markets from $55.00 to $51.00 in a report published on Tuesday morning,Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

PLAY has been the subject of a number of other reports. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. Loop Capital decreased their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, Truist Financial dropped their price target on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. One analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $61.57.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $37.62 on Tuesday. The firm has a market capitalization of $1.48 billion, a PE ratio of 13.73 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The firm has a 50-day moving average price of $36.00 and a 200 day moving average price of $38.10. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. During the same quarter last year, the business earned $0.94 earnings per share. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. On average, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction on Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently made changes to their positions in the company. O Shaughnessy Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment in the first quarter valued at approximately $249,000. CANADA LIFE ASSURANCE Co boosted its holdings in Dave & Buster’s Entertainment by 16.5% in the first quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock worth $2,016,000 after purchasing an additional 4,569 shares in the last quarter. Price T Rowe Associates Inc. MD increased its position in Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after buying an additional 546 shares during the last quarter. First Hawaiian Bank bought a new position in Dave & Buster’s Entertainment during the second quarter valued at about $315,000. Finally, SG Americas Securities LLC lifted its position in shares of Dave & Buster’s Entertainment by 1,931.4% in the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.