Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Passes Above 50 Day Moving Average – What’s Next?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s stock price passed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.19 and traded as high as $19.95. Dave & Buster’s Entertainment shares last traded at $18.81, with a volume of 635,774 shares traded.

Wall Street Analyst Weigh In

A number of analysts have commented on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. UBS Group cut their target price on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research report on Tuesday, January 6th. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 10th. Finally, Loop Capital set a $20.00 price objective on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.83.

Dave & Buster’s Entertainment Stock Performance

The business’s fifty day simple moving average is $18.23 and its 200-day simple moving average is $19.87. The company has a market capitalization of $668.28 million, a P/E ratio of -481.63 and a beta of 1.78. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.06). The company had revenue of $448.20 million during the quarter, compared to analysts’ expectations of $460.66 million. Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The company’s revenue was down 1.1% on a year-over-year basis. During the same quarter in the prior year, the business posted ($0.45) EPS. As a group, equities analysts anticipate that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $27,000. Leonteq Securities AG purchased a new position in shares of Dave & Buster’s Entertainment in the fourth quarter worth $42,000. Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $104,000. AlphaQuest LLC grew its holdings in shares of Dave & Buster’s Entertainment by 415.9% during the third quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after buying an additional 6,525 shares during the last quarter. Finally, Tower Research Capital LLC TRC increased its position in shares of Dave & Buster’s Entertainment by 292.4% in the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 3,772 shares during the period. Institutional investors own 91.45% of the company’s stock.

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.