Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Cross Above Fifty Day Moving Average – Here’s What Happened

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s share price crossed above its fifty day moving average during trading on Thursday . The stock has a fifty day moving average of $18.19 and traded as high as $19.95. Dave & Buster’s Entertainment shares last traded at $18.81, with a volume of 635,774 shares traded.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on PLAY. Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating on the stock in a research note on Thursday, January 8th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Loop Capital set a $20.00 price target on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective for the company in a research report on Friday, January 16th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has issued a Sell rating to the company. According to MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $23.83.

Dave & Buster’s Entertainment Trading Down 4.9%

The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87. The firm has a market cap of $652.33 million, a PE ratio of -470.13 and a beta of 1.78. The business has a fifty day moving average price of $18.19 and a 200 day moving average price of $20.03.

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

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently modified their holdings of PLAY. GSA Capital Partners LLP increased its holdings in Dave & Buster’s Entertainment by 139.0% in the fourth quarter. GSA Capital Partners LLP now owns 110,080 shares of the restaurant operator’s stock valued at $1,784,000 after buying an additional 64,016 shares in the last quarter. Beese Fulmer Investment Management Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 90.8% in the 4th quarter. Beese Fulmer Investment Management Inc. now owns 29,868 shares of the restaurant operator’s stock worth $484,000 after acquiring an additional 14,215 shares during the period. Ruffer LLP purchased a new position in Dave & Buster’s Entertainment in the 4th quarter valued at approximately $2,111,000. Edge Wealth Management LLC acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth $163,000. Finally, SG Americas Securities LLC raised its holdings in Dave & Buster’s Entertainment by 232.3% during the fourth quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock worth $10,280,000 after purchasing an additional 443,308 shares during 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.