Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $53.38 Average PT from Brokerages

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been given a consensus recommendation of “Hold” by the ten ratings firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 1-year price objective among brokers that have issued a report on the stock in the last year is $53.38.

PLAY has been the subject of several recent research reports. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital cut their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial reissued a “hold” rating and issued a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. BMO Capital Markets cut their price objective on shares of 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. Finally, Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $29.48 on Friday. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38. The stock has a fifty day simple moving average of $34.16 and a two-hundred day simple moving average of $34.45. Dave & Buster’s Entertainment has a 1-year low of $25.00 and a 1-year high of $69.82. The firm has a market cap of $1.14 billion, a price-to-earnings ratio of 14.59 and a beta of 2.17.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of the firm’s stock in a transaction on Thursday, December 12th. The shares were acquired at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. Bank of New York Mellon Corp lifted its position in Dave & Buster’s Entertainment by 1.9% during the second quarter. Bank of New York Mellon Corp now owns 263,633 shares of the restaurant operator’s stock valued at $10,495,000 after purchasing an additional 4,847 shares during the last quarter. Allspring Global Investments Holdings LLC raised its holdings in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 4,021 shares in the last quarter. Rhumbline Advisers lifted its position in Dave & Buster’s Entertainment by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 102,967 shares of the restaurant operator’s stock worth $4,099,000 after buying an additional 3,983 shares during the last quarter. Quest Partners LLC boosted its stake in Dave & Buster’s Entertainment by 488.7% in the second quarter. Quest Partners LLC now owns 11,451 shares of the restaurant operator’s stock worth $456,000 after buying an additional 9,506 shares in the last quarter. Finally, Texas Permanent School Fund Corp grew its position in Dave & Buster’s Entertainment by 13.6% during the second quarter. Texas Permanent School Fund Corp now owns 31,969 shares of the restaurant operator’s stock valued at $1,273,000 after acquiring an additional 3,831 shares during the last quarter. Hedge funds and other 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.