Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $23.83 Average PT from Brokerages

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned an average rating of “Hold” from the eight brokerages that are currently covering the stock, Marketbeat.com reports. One investment analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have given a buy recommendation to the company. The average twelve-month target price among brokers that have issued ratings on the stock in the last year is $23.8333.

A number of brokerages have recently commented on PLAY. UBS Group cut their target price on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a report on Tuesday, January 6th. Truist Financial dropped their price objective 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. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. Finally, 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 note on Friday, January 16th.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Nomura Holdings Inc. lifted its stake in shares of 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 worth $43,787,000 after acquiring an additional 2,030,186 shares during the period. Clearline Capital LP lifted its position in Dave & Buster’s Entertainment by 20.4% in the third 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 period. Goldman Sachs Group Inc. boosted its holdings in Dave & Buster’s Entertainment by 22.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,511,591 shares of the restaurant operator’s stock valued at $24,503,000 after purchasing an additional 276,064 shares in the last quarter. State Street Corp increased its position in Dave & Buster’s Entertainment by 2.6% during the 4th quarter. State Street Corp now owns 1,106,488 shares of the restaurant operator’s stock worth $17,936,000 after purchasing an additional 28,349 shares during the period. Finally, Arrowstreet Capital Limited Partnership raised its stake in shares of Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after buying an additional 499,412 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $14.85 on Monday. The company has a fifty day moving average of $18.15 and a two-hundred day moving average of $19.41. The company has a market capitalization of $515.00 million, a PE ratio of -371.16 and a beta of 1.78. Dave & Buster’s Entertainment has a 1 year low of $13.04 and a 1 year high of $35.53. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22.

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

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.