Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $51.00 by Analysts at BMO Capital Markets

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target decreased by BMO Capital Markets from $55.00 to $51.00 in a research report report published on Tuesday,Benzinga reports. BMO Capital Markets currently has an outperform rating on the restaurant operator’s stock.

PLAY has been the subject of several other reports. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating on the stock. Finally, Loop Capital cut their price objective on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $61.57.

Dave & Buster’s Entertainment Stock Down 0.6 %

Shares of PLAY stock opened at $36.08 on Tuesday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. Dave & Buster’s Entertainment has a one year low of $29.31 and a one year high of $69.82. The company’s fifty day moving average price is $35.80 and its 200-day moving average price is $38.11. The company has a market capitalization of $1.42 billion, a price-to-earnings ratio of 13.17 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same period last year, the firm earned $0.94 earnings per share. The business’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts expect that Dave & Buster’s Entertainment will post 2.62 EPS for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the acquisition, 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 acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is currently owned by company insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PLAY. Eminence Capital LP grew its stake in shares of 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 buying an additional 1,542,154 shares during the last quarter. Rubric Capital Management LP grew its position in Dave & Buster’s Entertainment by 104.7% in 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 acquiring an additional 626,497 shares during the last quarter. Sea Cliff Partners Management LP increased its stake in Dave & Buster’s Entertainment by 90.8% in the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock worth $20,504,000 after purchasing an additional 245,043 shares during the period. Marshall Wace LLP lifted its position in shares of Dave & Buster’s Entertainment by 36.2% during the second quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock worth $25,482,000 after purchasing an additional 170,286 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at $5,191,000. 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.