Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Target Price at $53.38

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have received a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat reports. Seven research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $53.38.

A number of equities research analysts have commented on the stock. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital dropped their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. Finally, William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $29.38 on Friday. Dave & Buster’s Entertainment has a 52 week low of $25.00 and a 52 week high of $69.82. The firm has a market cap of $1.13 billion, a P/E ratio of 14.54 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. The business’s fifty day moving average is $33.82 and its two-hundred day moving average is $34.38.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the acquisition, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently modified their holdings of PLAY. Bank of New York Mellon Corp raised its holdings in Dave & Buster’s Entertainment by 1.9% during the 2nd quarter. Bank of New York Mellon Corp now owns 263,633 shares of the restaurant operator’s stock worth $10,495,000 after buying an additional 4,847 shares during the period. Allspring Global Investments Holdings LLC lifted its position in Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares in the last quarter. Rhumbline Advisers boosted its stake in Dave & Buster’s Entertainment by 4.0% in the 2nd quarter. Rhumbline Advisers now owns 102,967 shares of the restaurant operator’s stock worth $4,099,000 after purchasing an additional 3,983 shares during the period. Quest Partners LLC increased its holdings in Dave & Buster’s Entertainment by 488.7% during the 2nd quarter. Quest Partners LLC now owns 11,451 shares of the restaurant operator’s stock worth $456,000 after purchasing an additional 9,506 shares in the last quarter. Finally, Texas Permanent School Fund Corp raised its stake in shares of Dave & Buster’s Entertainment by 13.6% in the 2nd quarter. Texas Permanent School Fund Corp now owns 31,969 shares of the restaurant operator’s stock valued at $1,273,000 after purchasing an additional 3,831 shares during the period. Institutional investors own 91.45% of the company’s stock.

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.