Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $69.21 Average Price Target from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received an average rating of “Moderate Buy” from the six ratings firms that are covering the company, MarketBeat Ratings reports. Three investment analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 1-year target price among brokerages that have issued a report on the stock in the last year is $69.21.

A number of brokerages have weighed in on PLAY. Jefferies Financial Group increased their target price on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. UBS Group raised their target price on shares of Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the stock a “neutral” rating in a report on Wednesday, April 3rd. Piper Sandler reaffirmed a “neutral” rating and set a $71.00 price objective (up from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. BMO Capital Markets boosted their price objective on shares of Dave & Buster’s Entertainment from $60.00 to $75.00 and gave the company an “outperform” rating in a research report on Wednesday, April 3rd. Finally, StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a report on Wednesday, April 10th.

Dave & Buster’s Entertainment Stock Up 0.7 %

Shares of NASDAQ PLAY opened at $52.82 on Tuesday. The stock has a market capitalization of $2.13 billion, a PE ratio of 18.80 and a beta of 2.08. Dave & Buster’s Entertainment has a 52-week low of $31.65 and a 52-week high of $69.82. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11. The firm has a fifty day moving average of $59.73 and a 200-day moving average of $51.45.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, April 2nd. The restaurant operator reported $1.03 earnings per share for the quarter, missing analysts’ consensus estimates of $1.07 by ($0.04). The company had revenue of $599.10 million during the quarter, compared to analysts’ expectations of $603.41 million. Dave & Buster’s Entertainment had a return on equity of 53.96% and a net margin of 5.76%. On average, analysts anticipate that Dave & Buster’s Entertainment will post 3.89 EPS for the current year.

Insider Transactions at Dave & Buster’s Entertainment

In other news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $65.57, for a total transaction of $341,160.71. Following the transaction, the director now owns 33,546 shares in the company, valued at approximately $2,199,611.22. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In related news, SVP John Mulleady sold 42,824 shares of the company’s stock in a transaction dated Thursday, April 4th. The shares were sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the transaction, the director now directly owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave & Buster’s Entertainment

Several large investors have recently added to or reduced their stakes in PLAY. Cerity Partners LLC bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth approximately $1,102,000. Vanguard Group Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 2.7% during the 3rd quarter. Vanguard Group Inc. now owns 4,482,502 shares of the restaurant operator’s stock worth $166,166,000 after buying an additional 116,402 shares during the last quarter. Eminence Capital LP grew its stake in Dave & Buster’s Entertainment by 331.4% in the third quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after purchasing an additional 2,792,780 shares in the last quarter. Legato Capital Management LLC acquired a new stake in Dave & Buster’s Entertainment in the fourth quarter valued at $432,000. Finally, Healthcare of Ontario Pension Plan Trust Fund acquired a new position in Dave & Buster’s Entertainment during the third quarter worth approximately $593,000. 91.45% of the stock is owned by institutional investors.

About Dave & Buster’s Entertainment

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.