Dave & Buster’s Entertainment (NASDAQ:PLAY) Sets New 52-Week Low – Here’s What Happened

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) hit a new 52-week low during trading on Wednesday . The company traded as low as $13.83 and last traded at $14.49, with a volume of 773232 shares trading hands. The stock had previously closed at $14.17.

Analyst Ratings Changes

PLAY has been the subject of several recent research reports. Zacks Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 15th. Truist Financial dropped their price target on shares of Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, September 16th. UBS Group decreased their price objective on shares of Dave & Buster’s Entertainment from $29.00 to $25.00 and set a “neutral” rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, October 8th. Finally, Piper Sandler lowered their price objective on Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating for the company in a research note on Tuesday, September 16th. Two analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $31.33.

Dave & Buster’s Entertainment Stock Performance

The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. The company has a 50-day moving average of $19.71 and a 200-day moving average of $23.92. The firm has a market capitalization of $499.38 million, a price-to-earnings ratio of 42.47 and a beta of 1.97.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). The business had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business’s revenue was up .1% on a year-over-year basis. During the same period in the prior year, the business earned $0.99 EPS. On average, equities research analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently made changes to their positions in PLAY. AlphaQuest LLC increased its position in Dave & Buster’s Entertainment by 415.9% in the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 6,525 shares during the period. Hussman Strategic Advisors Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at $763,000. Campbell & CO Investment Adviser LLC bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at about $343,000. SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 411.9% in the third quarter. SG Americas Securities LLC now owns 190,840 shares of the restaurant operator’s stock worth $3,466,000 after purchasing an additional 153,556 shares during the period. Finally, M.E. Allison & CO. Inc. lifted its holdings in Dave & Buster’s Entertainment by 10.6% in the third quarter. M.E. Allison & CO. Inc. now owns 86,025 shares of the restaurant operator’s stock worth $1,562,000 after purchasing an additional 8,250 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.