Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $59.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target decreased by Loop Capital from $63.00 to $59.00 in a report issued on Thursday, Benzinga reports. Loop Capital currently has a buy rating on the restaurant operator’s stock.

A number of other research analysts also recently issued reports on the company. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a buy rating for the company in a report on Thursday, August 22nd. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a hold rating to a sell rating in a report on Wednesday, September 11th. William Blair reaffirmed an outperform rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. UBS Group decreased their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating for the company in a research report on Wednesday, June 12th. Finally, BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an outperform rating on the stock in a research report on Wednesday, September 11th. One analyst has rated the stock with a sell rating, three have given a hold rating and five have issued a buy rating to the company’s stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of Hold and a consensus price target of $62.57.

Dave & Buster’s Entertainment Stock Up 3.0 %

PLAY stock opened at $32.52 on Thursday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.24. The firm’s fifty day simple moving average is $34.02 and its 200-day simple moving average is $46.63. Dave & Buster’s Entertainment has a 12 month low of $29.31 and a 12 month high of $69.82. The company has a market capitalization of $1.28 billion, a P/E ratio of 13.84 and a beta of 2.14.

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 the consensus estimate of $0.84 by $0.28. The company had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.94 earnings per share. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 2.78 earnings per share for the current year.

Insider Buying and Selling

In other news, CFO Darin Harper acquired 13,438 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The shares were bought at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now owns 35,598 shares in the company, valued at approximately $1,380,490.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. SG Americas Securities LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 1,931.4% during the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after purchasing an additional 36,793 shares during the last quarter. Boulder Hill Capital Management LP acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $2,477,000. Quadrature Capital Ltd lifted its position in Dave & Buster’s Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock worth $2,647,000 after buying an additional 25,376 shares in the last quarter. Edgestream Partners L.P. acquired a new position in Dave & Buster’s Entertainment during the first quarter worth $1,417,000. Finally, Keeley Teton Advisors LLC purchased a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $1,803,000. Hedge funds and other 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.