Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have received an average recommendation of “Moderate Buy” from the eight analysts that are covering the company, MarketBeat.com reports. Three investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $62.57.

Several analysts recently weighed in on the stock. UBS Group reduced their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research note on Wednesday, June 12th. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Loop Capital cut their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, September 12th. Finally, Truist Financial reduced their target price on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, August 22nd.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. Eminence Capital LP lifted its position in Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after acquiring an additional 1,542,154 shares in the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth approximately $72,730,000. Coronation Fund Managers Ltd. raised its stake in shares of Dave & Buster’s Entertainment by 273.6% in the first quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock worth $62,943,000 after purchasing an additional 736,345 shares during the last quarter. Rubric Capital Management LP lifted its holdings in shares of Dave & Buster’s Entertainment by 104.7% in the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after purchasing an additional 626,497 shares in the last quarter. Finally, National Bank of Canada FI purchased a new position in shares of Dave & Buster’s Entertainment during the first quarter valued at approximately $31,300,000. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $33.40 on Friday. Dave & Buster’s Entertainment has a twelve month low of $29.31 and a twelve month high of $69.82. 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 business has a fifty day simple moving average of $32.56 and a 200 day simple moving average of $44.12. The company has a market cap of $1.32 billion, a P/E ratio of 14.21 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share 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 firm 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 posted $0.94 earnings per share. The company’s quarterly revenue was up 2.8% on a year-over-year basis. On average, sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.77 EPS for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

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.