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

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has earned a consensus rating of “Hold” from the eight research firms that are currently covering the stock, MarketBeat Ratings reports. One 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 price target among brokers that have covered the stock in the last year is $23.8333.

Several research firms have issued reports on PLAY. Truist Financial cut their price objective on Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, January 21st. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, December 10th. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Finally, Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th.

Institutional Inflows and Outflows

A number of hedge funds have recently made changes to their positions in PLAY. Advisory Services Network LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its holdings in Dave & Buster’s Entertainment by 616.6% during 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 in the last quarter. Leonteq Securities AG acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $42,000. Tower Research Capital LLC TRC lifted its holdings in shares of Dave & Buster’s Entertainment by 292.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 3,772 shares in the last quarter. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $104,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Down 4.1%

NASDAQ PLAY opened at $14.85 on Monday. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The stock has a market capitalization of $515.00 million, a P/E ratio of -371.16 and a beta of 1.78. Dave & Buster’s Entertainment has a 52-week low of $13.04 and a 52-week high of $35.53. The firm has a 50-day moving average price of $18.15 and a 200 day moving average price of $19.26.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The business 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 business’s revenue for the quarter was down 1.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted ($0.45) EPS. Equities research analysts expect that Dave & Buster’s Entertainment will post 2.52 EPS 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.