Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Up to $39.85

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares gapped up before the market opened on Friday . The stock had previously closed at $39.85, but opened at $40.73. Dave & Buster’s Entertainment shares last traded at $42.00, with a volume of 6,951 shares changing hands.

A number of research firms have recently commented on PLAY. Wells Fargo & Company boosted their price target on shares of Dave & Buster’s Entertainment from $38.00 to $40.00 and gave the company an “underweight” rating in a research report on Friday, September 10th. Jefferies Financial Group upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and upped their target price for the stock from $40.00 to $56.00 in a research report on Friday. Stifel Nicolaus lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and cut their target price for the stock from $58.00 to $40.00 in a research report on Monday, August 30th. BMO Capital Markets upped their target price on shares of Dave & Buster’s Entertainment from $54.00 to $58.00 and gave the stock an “outperform” rating in a research report on Friday, September 10th. They noted that the move was a valuation call. Finally, Piper Sandler upped their target price on shares of Dave & Buster’s Entertainment from $49.00 to $53.00 and gave the stock a “neutral” rating in a research report on Friday, June 11th. One equities research analyst has rated the stock with a sell rating, four have given a hold rating, six have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Buy” and a consensus target price of $50.55.

The stock has a market capitalization of $2.01 billion, a P/E ratio of -56.96, a P/E/G ratio of 1.49 and a beta of 2.11. The firm’s 50 day moving average price is $35.50 and its 200 day moving average price is $40.45. The company has a debt-to-equity ratio of 3.01, a current ratio of 0.40 and a quick ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Wednesday, September 8th. The restaurant operator reported $1.07 EPS for the quarter, beating the consensus estimate of $0.58 by $0.49. The firm had revenue of $377.64 million during the quarter, compared to the consensus estimate of $358.46 million. Dave & Buster’s Entertainment had a negative net margin of 3.73% and a negative return on equity of 18.06%. The company’s quarterly revenue was up 642.9% compared to the same quarter last year. During the same period in the prior year, the firm posted ($1.19) earnings per share. On average, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 1.61 earnings per share for the current year.

In related news, SVP John Mulleady sold 10,000 shares of the business’s stock in a transaction dated Thursday, September 16th. The shares were sold at an average price of $36.10, for a total transaction of $361,000.00. Following the transaction, the senior vice president now owns 66,729 shares in the company, valued at $2,408,916.90. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 3.57% of the stock is owned by insiders.

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. Profund Advisors LLC increased its position in shares of Dave & Buster’s Entertainment by 5.7% during the second quarter. Profund Advisors LLC now owns 6,380 shares of the restaurant operator’s stock valued at $258,000 after buying an additional 344 shares during the period. Public Employees Retirement System of Ohio grew its holdings in Dave & Buster’s Entertainment by 8.8% in the first quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the restaurant operator’s stock worth $228,000 after purchasing an additional 386 shares during the period. Mutual of America Capital Management LLC grew its holdings in Dave & Buster’s Entertainment by 6.8% in the second quarter. Mutual of America Capital Management LLC now owns 6,793 shares of the restaurant operator’s stock worth $276,000 after purchasing an additional 431 shares during the period. Prudential Financial Inc. grew its holdings in Dave & Buster’s Entertainment by 0.9% in the first quarter. Prudential Financial Inc. now owns 54,320 shares of the restaurant operator’s stock worth $2,602,000 after purchasing an additional 510 shares during the period. Finally, Steward Partners Investment Advisory LLC grew its holdings in Dave & Buster’s Entertainment by 674.0% in the second quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 674 shares during the period. Institutional investors own 95.65% of the company’s stock.

About Dave & Buster’s Entertainment (NASDAQ:PLAY)

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.

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