Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $46.67 Consensus Target Price from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been given a consensus rating of “Hold” by the eight brokerages that are presently covering the company, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average twelve-month price target among brokerages that have issued a report on the stock in the last year is $46.67.

A number of equities research analysts have recently issued reports on PLAY shares. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. BMO Capital Markets cut their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. 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 research note on Wednesday, December 11th. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th.

Dave & Buster’s Entertainment Stock Down 4.3 %

Shares of PLAY stock opened at $20.25 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 12 month low of $17.02 and a 12 month high of $69.82. The stock has a market cap of $779.69 million, a P/E ratio of 10.02 and a beta of 2.17. The company has a 50 day simple moving average of $23.25 and a two-hundred day simple moving average of $30.00.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Quarry LP purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $47,000. SBI Securities Co. Ltd. bought a new position in shares of Dave & Buster’s Entertainment during the fourth quarter worth $47,000. KBC Group NV grew its stake in Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 885 shares in the last quarter. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at $144,000. 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.