Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Average Recommendation of “Hold” from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given a consensus recommendation of “Hold” by the eight analysts that are currently covering the firm, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, five have given a hold rating and two have assigned a buy rating to the company. The average 1-year price objective among brokerages that have updated their coverage on the stock in the last year is $23.80.

Several brokerages recently issued reports on PLAY. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. UBS Group reissued a “neutral” rating and issued a $20.00 price target on shares of Dave & Buster’s Entertainment in a research report on Friday, December 5th. Truist Financial raised their price objective on Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday, December 11th. Finally, Zacks Research raised Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th.

Dave & Buster’s Entertainment Trading Up 0.6%

NASDAQ PLAY opened at $16.34 on Friday. The firm has a market capitalization of $566.67 million, a PE ratio of -408.40 and a beta of 1.77. The stock’s 50 day moving average is $16.44 and its 200 day moving average is $22.62. Dave & Buster’s Entertainment has a twelve month low of $13.04 and a twelve month high of $35.53. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The firm had revenue of $448.20 million during the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.Dave & Buster’s Entertainment’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter last year, the company posted ($0.45) EPS. Research analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors have recently bought and sold shares of PLAY. CIBC Bancorp USA Inc. purchased a new position in Dave & Buster’s Entertainment in the third quarter worth about $6,118,000. Advisory Services Network LLC bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $27,000. Dark Forest Capital Management LP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $2,265,000. Verition Fund Management LLC raised its holdings in Dave & Buster’s Entertainment by 39.4% in the 3rd quarter. Verition Fund Management LLC now owns 158,100 shares of the restaurant operator’s stock worth $2,871,000 after acquiring an additional 44,691 shares during the last quarter. Finally, Nomura Holdings Inc. lifted its position in Dave & Buster’s Entertainment by 532.9% in the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after acquiring an additional 2,030,186 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.