Investment Analysts’ Recent Ratings Changes for Dave & Buster’s Entertainment (PLAY)

A number of research firms have changed their ratings and price targets for Dave & Buster’s Entertainment (NASDAQ: PLAY):

• 12/12/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at Loop Capital from $59.00 to $45.00. They now have a “buy” rating on the stock.
• 12/11/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at BMO Capital Markets from $51.00 to $47.00. They now have an “outperform” rating on the stock.
• 12/11/2024 – Dave & Buster’s Entertainment had its “market perform” rating reaffirmed by analysts at William Blair.
• 12/11/2024 – Dave & Buster’s Entertainment had its “hold” rating reaffirmed by analysts at Gordon Haskett. They now have a $34.00 price target on the stock, down previously from $40.00.
• 12/11/2024 – Dave & Buster’s Entertainment had its “hold” rating reaffirmed by analysts at Truist Financial Co.. They now have a $36.00 price target on the stock, down previously from $56.00.
• 11/26/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at BMO Capital Markets from $55.00 to $51.00. They now have an “outperform” rating on the stock.
• 11/26/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at Truist Financial Co. from $59.00 to $56.00. They now have a “buy” rating on the stock.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $25.49 on Friday. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. Dave & Buster’s Entertainment Inc has a 1-year low of $25.00 and a 1-year high of $69.82. The firm has a market capitalization of $981.37 million, a P/E ratio of 12.62 and a beta of 2.13. The business’s 50-day simple moving average is $36.48 and its 200-day simple moving average is $36.94.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly 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. The firm had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. Dave & Buster’s Entertainment’s revenue was up 2.8% compared to the same quarter last year. During the same period in the previous year, the company posted $0.94 earnings per share. Equities analysts predict that Dave & Buster’s Entertainment Inc will post 2.54 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Kevin M. Sheehan purchased 37,735 shares of the stock in a transaction that occurred on Thursday, December 12th. The stock was acquired at an average cost of $25.48 per share, with a total value of $961,487.80. Following the acquisition, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment in the second quarter worth about $28,000. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. Point72 Hong Kong Ltd bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $144,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after purchasing an additional 4,021 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

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.