Truist Financial Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $27.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price reduced by Truist Financial from $36.00 to $27.00 in a research report report published on Thursday morning,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator’s stock.

Several other equities analysts have also weighed in on the stock. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating on the stock. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. Finally, BMO Capital Markets cut their price target on 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus price target of $52.25.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $24.07 on Thursday. The business’s fifty day simple moving average is $32.19 and its 200 day simple moving average is $33.79. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 12 month low of $22.83 and a 12 month high of $69.82. The firm has a market capitalization of $926.70 million, a P/E ratio of 11.92 and a beta of 2.17.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction that occurred on Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available through this hyperlink. Corporate insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently made changes to their positions in PLAY. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter valued at about $28,000. Quarry LP purchased a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dave & Buster’s Entertainment in the third quarter worth approximately $144,000. Finally, Quantbot Technologies LP bought a new position in Dave & Buster’s Entertainment during the third quarter valued at approximately $196,000. 91.45% of the stock is owned by institutional investors.

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.