Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Consensus Rating of “Hold” from Analysts

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average recommendation of “Hold” from the eight brokerages that are covering the company, MarketBeat.com reports. One research analyst has rated the stock with a sell recommendation, four have given a hold recommendation and three have issued a buy recommendation on the company. The average 12 month price target among brokers that have covered the stock in the last year is $23.8333.

A number of equities analysts have recently commented on PLAY shares. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. Benchmark upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a report on Friday, January 16th. UBS Group reduced their price target on 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. Truist Financial decreased their price target 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. Finally, BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 10th.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently added to or reduced their stakes in PLAY. Advisory Services Network LLC bought a new stake in Dave & Buster’s Entertainment during the third quarter worth $27,000. Caitong International Asset Management Co. Ltd grew its position in shares of Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,671 shares during the period. Leonteq Securities AG bought a new position in shares of Dave & Buster’s Entertainment in the 4th quarter valued at about $42,000. Tower Research Capital LLC TRC increased its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the last quarter. Finally, Quadrant Capital Group LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at about $104,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Up 2.3%

Dave & Buster’s Entertainment stock opened at $10.04 on Tuesday. 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 has a 1-year low of $9.61 and a 1-year high of $35.53. The company has a fifty day simple moving average of $15.69 and a 200 day simple moving average of $16.78. The company has a market cap of $348.19 million, a P/E ratio of -250.94 and a beta of 1.79.

About Dave & Buster’s Entertainment

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.