Dave & Buster’s Entertainment (NASDAQ:PLAY) Earns Market Perform Rating from Raymond James

Raymond James restated their market perform rating on shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) in a research note released on Monday morning, Marketbeat Ratings reports.

A number of other equities research analysts have also recently commented on PLAY. Truist Financial raised their price target on shares of Dave & Buster’s Entertainment from $66.00 to $75.00 and gave the stock a buy rating in a report on Tuesday, February 27th. TheStreet raised shares of Dave & Buster’s Entertainment from a c+ rating to a b- rating in a research note on Tuesday, January 2nd. Finally, Jefferies Financial Group raised their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a buy rating in a research note on Wednesday, March 6th. Three analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to MarketBeat.com, Dave & Buster’s Entertainment presently has a consensus rating of Moderate Buy and an average price target of $60.50.

Dave & Buster’s Entertainment Trading Up 3.5 %

NASDAQ:PLAY opened at $61.46 on Monday. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 6.06. The stock has a market capitalization of $2.47 billion, a price-to-earnings ratio of 22.51 and a beta of 2.08. The firm has a fifty day simple moving average of $58.52 and a two-hundred day simple moving average of $47.31. Dave & Buster’s Entertainment has a 12 month low of $31.65 and a 12 month high of $64.90.

Insider Activity at Dave & Buster’s Entertainment

In related news, SVP John Mulleady sold 7,500 shares of the firm’s stock in a transaction dated Tuesday, January 16th. The shares were sold at an average price of $48.25, for a total transaction of $361,875.00. Following the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $2,756,619. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 1.60% of the stock is owned by insiders.

Institutional Trading of Dave & Buster’s Entertainment

A number of large investors have recently added to or reduced their stakes in PLAY. Envestnet Asset Management Inc. purchased a new stake in Dave & Buster’s Entertainment during the first quarter worth about $218,000. Bank of New York Mellon Corp lifted its position in Dave & Buster’s Entertainment by 6.5% during the first quarter. Bank of New York Mellon Corp now owns 396,095 shares of the restaurant operator’s stock valued at $19,448,000 after purchasing an additional 24,101 shares during the last quarter. Citigroup Inc. lifted its position in Dave & Buster’s Entertainment by 7.6% during the first quarter. Citigroup Inc. now owns 33,683 shares of the restaurant operator’s stock valued at $1,654,000 after purchasing an additional 2,367 shares during the last quarter. Bank of Montreal Can lifted its position in Dave & Buster’s Entertainment by 4.2% during the first quarter. Bank of Montreal Can now owns 11,169 shares of the restaurant operator’s stock valued at $559,000 after purchasing an additional 453 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its position in Dave & Buster’s Entertainment by 56.4% during the first quarter. MetLife Investment Management LLC now owns 23,220 shares of the restaurant operator’s stock valued at $1,140,000 after purchasing an additional 8,378 shares during the last quarter. 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.