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

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned a consensus rating of “Hold” from the seven ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have issued ratings on the stock in the last year is $21.8333.

A number of equities research analysts recently commented on PLAY shares. 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. 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. Benchmark restated a “buy” rating on shares of Dave & Buster’s Entertainment in a report on Thursday. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Finally, Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th.

Insider Activity at Dave & Buster’s Entertainment

In related news, SVP Steve Klohn sold 6,989 shares of the firm’s 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 sale, the senior vice president directly owned 38,547 shares in the company, valued at $566,255.43. This trade represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. 1.73% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Nomura Holdings Inc. increased its stake in Dave & Buster’s Entertainment by 532.9% in the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after buying an additional 2,030,186 shares during the last quarter. Clearline Capital LP increased its stake in Dave & Buster’s Entertainment by 20.4% in the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after buying an additional 274,541 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund increased its stake in Dave & Buster’s Entertainment by 40.1% in the 4th quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator’s stock valued at $24,558,000 after buying an additional 434,000 shares during the last quarter. Goldman Sachs Group Inc. increased its stake in Dave & Buster’s Entertainment by 22.3% in the 4th quarter. Goldman Sachs Group Inc. now owns 1,511,591 shares of the restaurant operator’s stock valued at $24,503,000 after buying an additional 276,064 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership increased its stake in Dave & Buster’s Entertainment by 44.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after buying an additional 468,174 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Trading Down 1.9%

Shares of NASDAQ:PLAY opened at $12.93 on Friday. Dave & Buster’s Entertainment has a 12 month low of $9.61 and a 12 month high of $35.53. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 16.61. The company’s fifty day simple moving average is $12.01 and its 200 day simple moving average is $14.87. The firm has a market cap of $449.18 million, a price-to-earnings ratio of -9.04 and a beta of 1.81.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.The company had revenue of $529.60 million for the quarter, compared to analyst estimates of $556.56 million. During the same quarter in the previous year, the business earned $0.69 earnings per share. The company’s revenue was down .9% on a year-over-year basis. As a group, research analysts forecast that Dave & Buster’s Entertainment will post -0.77 EPS for the current fiscal year.

About Dave & Buster’s Entertainment

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.