Dave & Buster’s Entertainment (NASDAQ:PLAY) Given New $51.00 Price Target at BMO Capital Markets

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target lowered by stock analysts at BMO Capital Markets from $55.00 to $51.00 in a research report issued to clients and investors on Tuesday,Benzinga reports. The firm presently has an “outperform” rating on the restaurant operator’s stock. BMO Capital Markets’ target price would indicate a potential upside of 40.50% from the stock’s current price.

A number of other research analysts also recently weighed in on the company. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research note on Tuesday. Loop Capital decreased their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. Finally, StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Price Performance

NASDAQ PLAY opened at $36.30 on Tuesday. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The firm has a market capitalization of $1.43 billion, a price-to-earnings ratio of 13.25 and a beta of 2.13. The company has a 50 day simple moving average of $35.71 and a 200-day simple moving average of $38.23. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82.

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. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the previous year, the company posted $0.94 EPS. Dave & Buster’s Entertainment’s revenue was up 2.8% on a year-over-year basis. Equities research analysts predict that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available through this link. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the stock. Louisiana State Employees Retirement System raised its holdings in Dave & Buster’s Entertainment by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 300 shares during the period. GDS Wealth Management boosted its stake in shares of Dave & Buster’s Entertainment by 3.3% during the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after acquiring an additional 488 shares during the period. Price T Rowe Associates Inc. MD boosted its position in Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after purchasing an additional 546 shares during the period. Kimelman & Baird LLC acquired a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at $28,000. Finally, Cerity Partners LLC raised its position in shares of Dave & Buster’s Entertainment by 3.2% in the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after purchasing an additional 710 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.