Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Average Rating of “Hold” by Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus rating of “Hold” from the nine brokerages that are currently covering the stock, Marketbeat.com reports. Two analysts have rated the stock with a sell rating, five have given a hold rating and two have given a buy rating to the company. The average 12-month price objective among brokers that have issued a report on the stock in the last year is $19.3333.

PLAY has been the subject of several research reports. Piper Sandler dropped their target price on Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating for the company in a research report on Monday, April 6th. Citizens Jmp began coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating on the stock. Wall Street Zen lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Monday, April 20th. Finally, Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the transaction, the senior vice president owned 38,547 shares in the company, valued at approximately $566,255.43. The trade was a 15.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.73% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently modified their holdings of the company. Ruffer LLP acquired a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $2,111,000. ING Groep NV acquired a new position in Dave & Buster’s Entertainment in the fourth quarter valued at $7,311,000. SG Americas Securities LLC lifted its holdings in Dave & Buster’s Entertainment by 232.3% in the fourth quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after buying an additional 443,308 shares during the period. MUFG Securities EMEA plc bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at $7,359,000. Finally, Clearline Capital LP grew its holdings in Dave & Buster’s Entertainment by 20.4% during the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock worth $29,419,000 after acquiring an additional 274,541 shares during the period. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $10.14 on Thursday. Dave & Buster’s Entertainment has a one year low of $9.61 and a one year high of $35.38. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20. The company has a market cap of $352.77 million, a price-to-earnings ratio of -5.37 and a beta of 1.84. The firm has a 50 day simple moving average of $11.40 and a 200 day simple moving average of $14.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.60 by ($0.38). Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The company had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. During the same quarter last year, the company posted $0.76 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. Research analysts predict that Dave & Buster’s Entertainment will post -1.1 earnings per share for the current fiscal 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.