Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Stock Rated “Hold” by Wall Street Brokerages

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been given a consensus rating of “Hold” by the nine research firms that are currently covering the stock, Marketbeat reports. Two research 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 target among brokers that have covered the stock in the last year is $17.33.

PLAY has been the subject of a number of recent research reports. Citigroup reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Tuesday, September 15th. Citizens Jmp initiated coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They set a “market perform” rating on the stock. UBS Group lowered their target price on Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating on the stock in a report on Tuesday, September 15th. Zacks Research lowered Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Thursday.

Insider Buying and Selling

In related news, Director Nathaniel Lipman acquired 12,000 shares of the stock in a transaction on Thursday, September 17th. The shares were bought at an average price of $6.78 per share, with a total value of $81,360.00. Following the completion of the purchase, the director owned 30,715 shares of the company’s stock, valued at approximately $208,247.70. This represents a 64.12% increase in their position. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, CFO Cory Hatton acquired 4,000 shares of the stock in a transaction on Monday, September 28th. The shares were bought at an average cost of $6.50 per share, for a total transaction of $26,000.00. Following the purchase, the chief financial officer directly owned 104,475 shares of the company’s stock, valued at $679,087.50. The trade was a 3.98% increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Company insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors have recently modified their holdings of the stock. Tidal Investments LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter valued at about $182,000. Engineers Gate Manager LP increased its position in Dave & Buster’s Entertainment by 200.7% during the second quarter. Engineers Gate Manager LP now owns 537,254 shares of the restaurant operator’s stock worth $6,125,000 after purchasing an additional 358,588 shares during the last quarter. Squarepoint Ops LLC increased its position in Dave & Buster’s Entertainment by 289.7% during the second quarter. Squarepoint Ops LLC now owns 131,168 shares of the restaurant operator’s stock worth $1,495,000 after purchasing an additional 97,507 shares during the last quarter. Headlands Technologies LLC acquired a new stake in Dave & Buster’s Entertainment during the second quarter worth about $141,000. Finally, Hsbc Holdings PLC purchased a new position in Dave & Buster’s Entertainment during the second quarter worth about $353,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY traded down $0.36 during midday trading on Friday, hitting $7.60. The company’s stock had a trading volume of 2,120,730 shares, compared to its average volume of 2,033,531. The business’s 50 day simple moving average is $8.19 and its 200 day simple moving average is $10.31. The company has a debt-to-equity ratio of 17.07, a quick ratio of 0.21 and a current ratio of 0.30. The company has a market cap of $264.71 million, a P/E ratio of -2.96 and a beta of 1.92. Dave & Buster’s Entertainment has a 12-month low of $6.26 and a 12-month high of $22.10.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.46). Dave & Buster’s Entertainment had a negative return on equity of 51.87% and a negative net margin of 4.26%. The business had revenue of $544.10 million for the quarter, compared to analyst estimates of $556.83 million. During the same quarter in the previous year, the firm posted $0.32 earnings per share. The business’s revenue was down 2.4% compared to the same quarter last year. On average, analysts forecast that Dave & Buster’s Entertainment will post -1.58 EPS for the current year.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc is an entertainment and dining company that operates venues combining arcade games, interactive attractions, sports viewing and casual food and beverage service. Its venues are designed for group entertainment, including family outings, birthday celebrations, corporate events and other social gatherings.

The company operates under the Dave & Buster’s and Main Event brands. Dave & Buster’s locations generally feature a large arcade with games that award redeemable prizes, along with sports bars, restaurant service and event spaces.