Analysts’ Weekly Ratings Updates for Dave & Buster’s Entertainment (PLAY)

Several analysts have recently updated their ratings and price targets for Dave & Buster’s Entertainment (NASDAQ: PLAY):

• 6/14/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at Loop Capital from $86.00 to $63.00. They now have a “buy” rating on the stock.
• 6/13/2024 – Dave & Buster’s Entertainment had its “outperform” rating reaffirmed by analysts at William Blair.
• 6/13/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at BMO Capital Markets from $75.00 to $65.00. They now have an “outperform” rating on the stock.
• 6/12/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at UBS Group AG from $66.00 to $56.00. They now have a “neutral” rating on the stock.
• 6/11/2024 – Dave & Buster’s Entertainment had its price target lowered by analysts at Truist Financial Co. from $78.00 to $67.00. They now have a “buy” rating on the stock.

Dave & Buster’s Entertainment Stock Up 4.9 %

NASDAQ PLAY traded up $1.84 during trading hours on Thursday, hitting $39.60. 1,694,168 shares of the company were exchanged, compared to its average volume of 1,257,379. The company has a 50 day moving average of $49.85 and a two-hundred day moving average of $54.41. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41. Dave & Buster’s Entertainment Inc has a 52-week low of $33.07 and a 52-week high of $69.82. The firm has a market cap of $1.57 billion, a price-to-earnings ratio of 16.85 and a beta of 2.06.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The company had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same quarter last year, the company earned $1.45 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was down 1.5% compared to the same quarter last year. Equities research analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.15 earnings per share for the current year.

Insider Activity

In other news, SVP John Mulleady sold 42,824 shares of the stock in a transaction dated Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the transaction, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. In related news, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Michael J. Griffith sold 5,203 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The disclosure for this sale can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently added to or reduced their stakes in the stock. Paloma Partners Management Co acquired a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $440,000. Price T Rowe Associates Inc. MD lifted its position in Dave & Buster’s Entertainment by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after acquiring an additional 546 shares during the period. Hood River Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment during the 1st quarter worth approximately $30,229,000. Lazard Asset Management LLC lifted its position in Dave & Buster’s Entertainment by 258.7% during the 1st quarter. Lazard Asset Management LLC now owns 156,570 shares of the restaurant operator’s stock worth $9,800,000 after acquiring an additional 112,917 shares during the period. Finally, Quadrature Capital Ltd lifted its position in Dave & Buster’s Entertainment by 150.1% during the 1st quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock worth $2,647,000 after acquiring an additional 25,376 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

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.