Dave & Buster’s Entertainment’s (PLAY) Hold Rating Reiterated at Truist Financial

Truist Financial reissued their hold rating on shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) in a research note issued to investors on Wednesday, MarketBeat reports. They currently have a $36.00 price objective on the restaurant operator’s stock, down from their previous price objective of $56.00.

A number of other brokerages have also recently issued reports on PLAY. StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. BMO Capital Markets decreased their target price on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday. Finally, Loop Capital decreased their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $53.38.

Dave & Buster’s Entertainment Stock Up 7.8 %

PLAY stock opened at $27.48 on Wednesday. Dave & Buster’s Entertainment has a twelve month low of $25.00 and a twelve month high of $69.82. The company has a market cap of $1.06 billion, a price-to-earnings ratio of 13.60 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The business has a 50 day moving average price of $36.31 and a two-hundred day moving average price of $36.78.

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, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same period in the previous year, the company earned $0.94 earnings per share. Analysts anticipate that Dave & Buster’s Entertainment will post 2.54 EPS for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares of the company’s stock, 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 filing with the SEC, which is available through the SEC website. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the firm’s stock in a transaction dated 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 in the company, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. Kimelman & Baird LLC bought a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at approximately $28,000. Quarry LP acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $47,000. Point72 Hong Kong Ltd bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. Finally, Allspring Global Investments Holdings LLC raised its position in Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. 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.