Dave & Buster’s Entertainment (NASDAQ:PLAY) PT decreased to $59.00

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get a Free Report) Their price target was dropped by equities research analysts at Loop Capital from $63.00 to $59.00 in a research report issued on Thursday, Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price objective indicates a potential upside of 81.43% from the stock’s previous close.

A number of other analysts recently weighed in on the company. Truist Financial cut their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, August 22nd. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. UBS Group dropped their target price 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, June 12th. Finally, BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research note on Wednesday . One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and five have issued a buy rating to the company’s stock. Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $62.57, based on data from MarketBeat.

Read our latest research report on Dave & Buster’s Entertainment

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock opened at $32.52 on Thursday. The stock’s 50-day moving average is $34.02 and its 200-day moving average is $46.86. Dave & Buster’s Entertainment has a one year low of $29.31 and a one year high of $69.82. The firm has a market cap of $1.28 billion, a P/E ratio of 13.84 and a beta of 2.14. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24, and a quick ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Your Free Report ) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. In the same quarter last year, the business earned $0.94 EPS. The company’s revenue was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Dave & Buster’s Entertainment will post 2.78 EPS for the current year.

Insiders place their bets

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of Dave & Buster’s Entertainment stock in a transaction dated 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 completion of the purchase, the chief financial officer now directly owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The transaction was disclosed in a legal filing with the SEC, which is accessible via this hyperlink. Corporate insiders own 1.60% of the company’s shares.

Hedge funds influence Dave & Buster’s Entertainment

Several large investors have recently added to or reduced their stakes in the business. Kimelman & Baird LLC purchased a new position in Dave & Buster’s Entertainment during the second quarter valued at $28,000. Principal Securities Inc. purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $38,000. Headlands Technologies LLC grew its position in Dave & Buster’s Entertainment by 23.4% in the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 4,021 shares during the last quarter. Finally, Mackenzie Financial Corp bought a new position in shares of Dave & Buster’s Entertainment during the second quarter valued at approximately $207,000. Institutional investors own 91.45% of the company’s shares.

About Dave & Buster’s Entertainment

(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.

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