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

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price gapped up prior to trading 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.

PLAY has been the subject of a number of recent research reports. Wells Fargo & Company lifted their price objective on shares of Dave & Buster’s Entertainment from $38.00 to $40.00 and gave the company an “underweight” rating in a research note on Friday, September 10th. Truist Securities lifted their price objective on shares of Dave & Buster’s Entertainment from $54.00 to $56.00 and gave the company a “buy” rating in a research note on Friday, September 10th. BMO Capital Markets lifted their price objective on shares of Dave & Buster’s Entertainment from $54.00 to $58.00 and gave the company an “outperform” rating in a research note on Friday, September 10th. They noted that the move was a valuation call. Deutsche Bank Aktiengesellschaft reduced their price target on shares of Dave & Buster’s Entertainment from $57.00 to $50.00 and set a “buy” rating for the company in a research report on Monday, September 13th. Finally, Stifel Nicolaus lowered shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and reduced their price target for the company from $58.00 to $40.00 in a research report on Monday, August 30th. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating, six have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Buy” and a consensus price target of $50.55.

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

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

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

A number of institutional investors have recently bought and sold shares of the business. Profund Advisors LLC lifted its stake in Dave & Buster’s Entertainment by 5.7% in the second quarter. Profund Advisors LLC now owns 6,380 shares of the restaurant operator’s stock worth $258,000 after purchasing an additional 344 shares during the last quarter. Public Employees Retirement System of Ohio raised its stake in shares of Dave & Buster’s Entertainment by 8.8% during the first quarter. Public Employees Retirement System of Ohio now owns 4,758 shares of the restaurant operator’s stock valued at $228,000 after acquiring an additional 386 shares during the last quarter. Mutual of America Capital Management LLC raised its stake in shares of Dave & Buster’s Entertainment by 6.8% during the second quarter. Mutual of America Capital Management LLC now owns 6,793 shares of the restaurant operator’s stock valued at $276,000 after acquiring an additional 431 shares during the last quarter. Prudential Financial Inc. raised its stake in shares of Dave & Buster’s Entertainment by 0.9% during the first quarter. Prudential Financial Inc. now owns 54,320 shares of the restaurant operator’s stock valued at $2,602,000 after acquiring an additional 510 shares during the last quarter. Finally, Steward Partners Investment Advisory LLC raised its stake in shares of Dave & Buster’s Entertainment by 674.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 674 shares during the last quarter. 95.65% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Company Profile (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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