Piper Sandler Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $22.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective cut by Piper Sandler from $33.00 to $22.00 in a report issued on Tuesday morning,Benzinga reports. They currently have a neutral rating on the restaurant operator’s stock.

PLAY has been the topic of a number of other reports. BMO Capital Markets cut their price objective on 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. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Truist Financial decreased their price objective on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a research note on Wednesday, April 2nd. Gordon Haskett reiterated a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $33.00.

Dave & Buster’s Entertainment Stock Up 0.5 %

PLAY stock opened at $17.61 on Tuesday. The stock has a market capitalization of $678.04 million, a PE ratio of 8.72 and a beta of 1.86. Dave & Buster’s Entertainment has a 52 week low of $15.08 and a 52 week high of $61.56. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The firm has a 50 day moving average of $20.77 and a 200 day moving average of $28.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping the consensus estimate of $0.64 by $0.05. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same period in the previous year, the firm posted $0.88 earnings per share. The business’s revenue for the quarter was down 10.8% compared to the same quarter last year. Sell-side analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. GAMMA Investing LLC boosted its stake in shares of Dave & Buster’s Entertainment by 71,493.5% during the 1st quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator’s stock worth $1,346,000 after acquiring an additional 76,498 shares in the last quarter. Universal Beteiligungs und Servicegesellschaft mbH acquired a new position in Dave & Buster’s Entertainment in the 4th quarter worth about $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Dave & Buster’s Entertainment by 22.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock worth $2,098,000 after purchasing an additional 13,309 shares during the period. Woodline Partners LP purchased a new position in Dave & Buster’s Entertainment during the fourth quarter worth approximately $6,702,000. Finally, Sapience Investments LLC grew its holdings in Dave & Buster’s Entertainment by 49.6% in the fourth quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator’s stock valued at $2,949,000 after purchasing an additional 33,508 shares during the period. Institutional investors and hedge funds 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.