Dave & Buster’s Entertainment (NASDAQ:PLAY) Share Price Crosses Above Fifty Day Moving Average – Time to Sell?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s stock 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

PLAY has been the subject of a number of research reports. UBS Group reduced their target price on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a report on Tuesday, January 6th. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. Finally, Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, January 16th. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $23.83.

Dave & Buster’s Entertainment Trading Up 2.4%

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 business has a 50 day moving average price of $18.23 and a 200-day moving average price of $19.87. The firm has a market capitalization of $668.28 million, a PE ratio of -481.63 and a beta of 1.78.

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

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the stock. Nomura Holdings Inc. lifted its position in shares of Dave & Buster’s Entertainment by 532.9% in the third 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. Clearline Capital LP raised its stake in Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after purchasing an additional 274,541 shares during the last quarter. Arrowstreet Capital Limited Partnership raised its stake in Dave & Buster’s Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock valued at $30,067,000 after purchasing an additional 499,412 shares during the last quarter. SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 232.3% in the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after purchasing an additional 443,308 shares in the last quarter. Finally, UBS Group AG boosted its stake in shares of Dave & Buster’s Entertainment by 137.2% during the 3rd quarter. UBS Group AG now owns 509,924 shares of the restaurant operator’s stock worth $9,260,000 after purchasing an additional 294,916 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.