Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Average Rating of “Moderate Buy” by Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus recommendation of “Moderate Buy” from the nine analysts that are presently covering the company, Marketbeat reports. Four equities research analysts have rated the stock with a hold rating and five have given a buy rating to the company. The average 12-month price objective among brokerages that have issued ratings on the stock in the last year is $62.57.

A number of equities research analysts have recently commented on the stock. 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 note on Monday, October 7th. They set a “hold” rating on the stock. Loop Capital decreased their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. BMO Capital Markets dropped their price objective 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. Finally, Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 7th. The stock was acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently modified their holdings of PLAY. Eminence Capital LP lifted its position in Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. American Century Companies Inc. raised its stake in shares of Dave & Buster’s Entertainment by 8.2% in the second quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after buying an additional 95,499 shares during the period. Rubric Capital Management LP lifted its position in shares of Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after buying an additional 626,497 shares in the last quarter. Dimensional Fund Advisors LP grew its stake in shares of Dave & Buster’s Entertainment by 2.2% during the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after acquiring an additional 25,138 shares during the period. Finally, Coronation Fund Managers Ltd. increased its holdings in Dave & Buster’s Entertainment by 2.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after acquiring an additional 29,627 shares in the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Down 3.1 %

Shares of NASDAQ:PLAY opened at $38.01 on Friday. Dave & Buster’s Entertainment has a 12-month low of $29.31 and a 12-month high of $69.82. The stock has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.87 and a beta of 2.13. The stock has a fifty day simple moving average of $35.10 and a two-hundred day simple moving average of $39.29. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

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 (EPS) for the quarter, topping 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 company had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the business posted $0.94 EPS. Dave & Buster’s Entertainment’s revenue was up 2.8% compared to the same quarter last year. On average, research analysts anticipate that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

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.