Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Stock Has Consensus Price Target of $17.33 According to Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus rating of “Hold” from the nine brokerages that are presently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the company. The average 12 month price target among analysts that have updated their coverage on the stock in the last year is $17.33.

Several analysts have issued reports on PLAY shares. UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, September 15th. Citigroup restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Tuesday, September 15th. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Friday, August 28th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Friday, July 17th. Finally, Citizens Jmp began coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating on the stock.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, Director Nathaniel Lipman bought 12,000 shares of the stock in a transaction dated Thursday, September 17th. The stock was bought at an average cost of $6.78 per share, for a total transaction of $81,360.00. Following the completion of the purchase, the director directly owned 30,715 shares of the company’s stock, valued at approximately $208,247.70. The trade was a 64.12% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.73% of the stock is currently owned by insiders.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. Cibc World Market Inc. purchased a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $2,098,000. ING Groep NV bought a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter worth $7,311,000. BlackRock Inc. bought a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth $36,725,000. Wolf Hill Capital Management LP acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $15,468,694. Finally, Patient Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $2,326,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $6.62 on Tuesday. The company has a debt-to-equity ratio of 17.07, a current ratio of 0.30 and a quick ratio of 0.21. Dave & Buster’s Entertainment has a 1-year low of $6.45 and a 1-year high of $22.10. The company has a market capitalization of $230.57 million, a price-to-earnings ratio of -2.58 and a beta of 1.82. The business has a 50-day moving average of $9.31 and a 200-day moving average of $10.94.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Monday, September 14th. The restaurant operator reported ($0.27) EPS for the quarter, missing the consensus estimate of $0.19 by ($0.46). The company had revenue of $544.10 million for the quarter, compared to analysts’ expectations of $556.83 million. Dave & Buster’s Entertainment had a negative net margin of 4.26% and a negative return on equity of 51.87%. The business’s quarterly revenue was down 2.4% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.32 earnings per share. On average, equities analysts anticipate that Dave & Buster’s Entertainment will post -1.38 EPS for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster’s locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.