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

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received a consensus rating of “Moderate Buy” from the eight research firms that are covering the firm, Marketbeat.com reports. Three investment analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 1 year price objective among brokerages that have covered the stock in the last year is $64.56.

A number of research analysts have issued reports on the company. UBS Group decreased their target price 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. Piper Sandler reiterated a “neutral” rating and issued a $71.00 target price (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research report on Thursday, April 4th. Jefferies Financial Group lifted their target price on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a research report on Wednesday, March 6th. Truist Financial decreased their target price on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 11th. Finally, William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th.

Dave & Buster’s Entertainment Trading Down 6.5 %

Shares of Dave & Buster’s Entertainment stock opened at $41.60 on Wednesday. The business has a fifty day simple moving average of $51.82 and a two-hundred day simple moving average of $54.65. Dave & Buster’s Entertainment has a 1 year low of $33.07 and a 1 year high of $69.82. The company has a market capitalization of $1.65 billion, a price-to-earnings ratio of 17.70 and a beta of 2.06. The company has a debt-to-equity ratio of 4.41, a current ratio of 0.32 and a quick ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The business had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. During the same period in the prior year, the business earned $1.45 EPS. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. Research analysts forecast that Dave & Buster’s Entertainment will post 3.15 EPS for the current year.

Insider Activity

In related news, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In related news, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Griffith sold 5,203 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares in the company, valued at $2,199,611.22. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of the company. Vanguard Group Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 2.7% during the third quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock valued at $166,166,000 after acquiring an additional 116,402 shares in the last quarter. Eminence Capital LP increased its holdings in shares of Dave & Buster’s Entertainment by 331.4% during the third quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after acquiring an additional 2,792,780 shares in the last quarter. Nomura Holdings Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 1.8% during the third quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock valued at $92,400,000 after acquiring an additional 43,621 shares in the last quarter. American Century Companies Inc. increased its holdings in shares of Dave & Buster’s Entertainment by 7.0% during the third quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after acquiring an additional 132,460 shares in the last quarter. Finally, Wolf Hill Capital Management LP bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at approximately $72,730,000. Institutional investors own 91.45% of the company’s stock.

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.