Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) receives a consensus price target of $65.71 from analysts

VaselineAugust 11, 2024

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Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Your Free Report ) has been given an average rating of “Moderate Buy” by the eight analysts that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 12-month price objective among brokers that have updated their coverage on the stock in the last year is $65.71.

PLAY has been the subject of several recent research reports. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Loop Capital decreased their price target on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a research report on Friday, June 14th. Truist Financial decreased their price target on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a research report on Tuesday, June 11th. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a research report on Thursday, June 13th. Finally, UBS Group decreased their price target on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a research report on Wednesday, 12 June.

Read the latest research report on PLAY

Dave & Buster’s Entertainment trading fell 0.9%

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NASDAQ PLAY opened at $31.76 on Thursday. The firm has a market cap of $1.26 billion, a PE ratio of 13.51 and a beta of 2.14. The company has a 50-day simple moving average of $40.03 and a 200-day simple moving average of $51.28. Dave & Buster’s Entertainment has a one year low of $31.13 and a one year high of $69.82. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24, and a current ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Your Free Report ) last issued its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). The firm had revenue of $588.10 million during the quarter, compared to the consensus estimate of $615.88 million. Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The company’s revenue for the quarter was down 1.5% compared to the same quarter last year. In the same quarter last year, the company earned $1.45 per share. On average, equities analysts predict that Dave & Buster’s Entertainment will post 3.03 earnings per share for the current year.

Insider buying and selling

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of the firm’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the acquisition, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which is available on the SEC’s website. Insiders own 1.60% of the company’s shares.

Institutional Trade of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in the business. Dimensional Fund Advisors LP increased its position in shares of Dave & Buster’s Entertainment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock worth $45,553,000 after purchasing an additional 25,138 shares in the last quarter. American Century Companies Inc. grew its position in shares of Dave & Buster’s Entertainment by 8.2% in the second quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after purchasing an additional 95,499 shares during the last quarter. Texas Permanent School Fund Corp increased its position in shares of Dave & Buster’s Entertainment by 13.6% in the second quarter. Texas Permanent School Fund Corp now owns 31,969 shares of the restaurant operator’s stock worth $1,273,000 after purchasing an additional 3,831 shares in the last quarter. Quest Partners LLC increased its position in shares of Dave & Buster’s Entertainment by 488.7% in the second quarter. Quest Partners LLC now owns 11,451 shares of the restaurant operator’s stock worth $456,000 after purchasing an additional 9,506 shares during the last quarter. Finally, Rhumbline Advisers grew its position in shares of Dave & Buster’s Entertainment by 4.0% in the second quarter. Rhumbline Advisers now owns 102,967 shares of the restaurant operator’s stock worth $4,099,000 after purchasing an additional 3,983 shares during the last quarter. 91.45% of shares are currently owned by institutional investors.

Dave & Buster’s Entertainment Company Profile

(Get a free report

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered around gaming and watching live sports and other televised events.