Dave & Buster’s Entertainment (NASDAQ:PLAY) PT Lowered to $59.00 at Loop Capital

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective lowered by Loop Capital from $63.00 to $59.00 in a research note released on Thursday morning, Benzinga reports. The brokerage currently has a buy rating on the restaurant operator’s stock.

A number of other analysts have also weighed in on PLAY. UBS Group cut their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating on the stock in a research report on Wednesday, June 12th. William Blair restated an outperform rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. 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. Truist Financial lowered their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a buy rating for the company in a research report on Thursday, August 22nd. Finally, StockNews.com lowered shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a research note on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. According to MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of Hold and an average target price of $62.57.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $32.52 on Thursday. Dave & Buster’s Entertainment has a 1-year low of $29.31 and a 1-year high of $69.82. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm has a 50-day simple moving average of $34.02 and a two-hundred day simple moving average of $46.63. The stock has a market cap of $1.28 billion, a PE ratio of 13.84 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. As a group, analysts forecast that Dave & Buster’s Entertainment will post 2.78 EPS for the current year.

Insider Activity

In related news, CFO Darin Harper acquired 13,438 shares of the business’s stock in a transaction on Wednesday, July 3rd. The shares were bought at an average price of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now owns 35,598 shares in the company, valued at $1,380,490.44. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently made changes to their positions in PLAY. Principal Securities Inc. acquired a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $38,000. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $28,000. Headlands Technologies LLC boosted its holdings in Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 233 shares in the last quarter. O Shaughnessy Asset Management LLC acquired a new position in Dave & Buster’s Entertainment during the 1st quarter worth approximately $249,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other 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.