Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Rating of “Moderate Buy” from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been assigned a consensus rating of “Moderate Buy” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. Three research analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average twelve-month price objective among brokers that have issued ratings on the stock in the last year is $62.57.

PLAY has been the subject of several research reports. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. UBS Group decreased their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Finally, StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th.

Dave & Buster’s Entertainment Stock Down 1.9 %

PLAY opened at $33.40 on Friday. The stock’s fifty day simple moving average is $32.56 and its 200 day simple moving average is $44.12. Dave & Buster’s Entertainment has a 1-year low of $29.31 and a 1-year high of $69.82. The stock has a market cap of $1.32 billion, a PE ratio of 14.21 and a beta of 2.14. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share 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 company’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the firm earned $0.94 earnings per share. As a group, research analysts expect that Dave & Buster’s Entertainment will post 2.77 earnings per share for the current year.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors have recently modified their holdings of the stock. Eminence Capital LP raised its stake in Dave & Buster’s Entertainment by 69.3% in the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. Wolf Hill Capital Management LP bought a new position in Dave & Buster’s Entertainment in the 4th quarter valued at about $72,730,000. Coronation Fund Managers Ltd. raised its position in shares of Dave & Buster’s Entertainment by 273.6% in the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock valued at $62,943,000 after buying an additional 736,345 shares in the last quarter. Rubric Capital Management LP lifted its holdings in shares of Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after acquiring an additional 626,497 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter worth approximately $31,300,000. 91.45% of the stock is currently owned by institutional investors.

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.