Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Lowered to $45.00 at Loop Capital

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price reduced by Loop Capital from $59.00 to $45.00 in a research report released on Thursday,Benzinga reports. They currently have a buy rating on the restaurant operator’s stock.

A number of other equities analysts also recently commented on the company. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday. Truist Financial reissued a “hold” rating and set a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. Finally, Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Hold” and an average price target of $53.38.

Dave & Buster’s Entertainment Trading Up 7.8 %

Dave & Buster’s Entertainment stock opened at $27.48 on Thursday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment has a 1 year low of $25.00 and a 1 year high of $69.82. The firm’s 50-day moving average is $36.31 and its 200-day moving average is $36.70. The company has a market cap of $1.06 billion, a P/E ratio of 13.60 and a beta of 2.13.

Insider Transactions at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were purchased 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 directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Sheehan acquired 37,735 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 12th. The shares were acquired at an average price of $25.48 per share, with a total value of $961,487.80. Following the transaction, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. This represents a 37.26 % increase in their position. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Kimelman & Baird LLC acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth $28,000. Quarry LP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth about $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dave & Buster’s Entertainment during the third quarter valued at about $144,000. Finally, Allspring Global Investments Holdings LLC boosted its holdings in shares of 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 worth $161,000 after buying an additional 4,021 shares during the period. 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.