Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Rating of “Hold” by Brokerages

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the ten research firms that are currently covering the stock, MarketBeat Ratings reports. Seven equities research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $53.38.

A number of equities analysts have recently commented on the stock. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial reiterated a “hold” rating and set a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $29.38 on Friday. Dave & Buster’s Entertainment has a 12 month low of $25.00 and a 12 month high of $69.82. The company’s fifty day simple moving average is $33.82 and its 200-day simple moving average is $34.38. The firm has a market cap of $1.13 billion, a PE ratio of 14.54 and a beta of 2.17. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the transaction, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. The trade was a 38.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. XTX Topco Ltd grew its position in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after acquiring an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares during the last quarter. Eminence Capital LP increased its stake in shares of Dave & Buster’s Entertainment by 69.3% in the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the period. LMR Partners LLP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $3,167,000. Finally, Millennium Management LLC increased its position in Dave & Buster’s Entertainment by 55.2% in the 2nd quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock valued at $8,719,000 after acquiring an additional 77,916 shares during the period. 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.