Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 6% – Time to Sell?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) dropped 6% during trading on Monday . The company traded as low as $18.08 and last traded at $18.1140. Approximately 95,209 shares changed hands during trading, a decline of 90% from the average daily volume of 960,419 shares. The stock had previously closed at $19.27.

Analyst Ratings Changes

Several research firms recently weighed in on PLAY. UBS Group reduced their price target on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a report on Friday, January 16th. Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Finally, Truist Financial decreased their target price on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price of $23.83.

Dave & Buster’s Entertainment Price Performance

The firm has a market cap of $631.18 million, a P/E ratio of -454.89 and a beta of 1.78. The business’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $19.77. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued 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). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The company had revenue of $448.20 million for the quarter, compared to analysts’ expectations of $460.66 million. During the same period last year, the company posted ($0.45) EPS. The business’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $27,000. Leonteq Securities AG bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $42,000. Quadrant Capital Group LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth $104,000. AlphaQuest LLC boosted its stake in Dave & Buster’s Entertainment by 415.9% during the third quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 6,525 shares during the period. Finally, Tower Research Capital LLC TRC boosted its stake in Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 3,772 shares during the period. Institutional investors own 91.45% of the company’s stock.

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.