Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $46.67

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the eight research firms that are presently covering the company, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average 1 year price objective among analysts that have covered the stock in the last year is $46.67.

A number of research analysts recently weighed in on PLAY shares. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Loop Capital lowered their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, Gordon Haskett reissued a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the company. Universal Beteiligungs und Servicegesellschaft mbH purchased a new position in Dave & Buster’s Entertainment during the 4th quarter valued at $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its stake in shares of Dave & Buster’s Entertainment by 22.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock valued at $2,098,000 after purchasing an additional 13,309 shares during the period. Woodline Partners LP purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at $6,702,000. Sapience Investments LLC grew its holdings in shares of 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 worth $2,949,000 after purchasing an additional 33,508 shares during the last quarter. Finally, ProShare Advisors LLC increased its stake in Dave & Buster’s Entertainment by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator’s stock worth $284,000 after buying an additional 2,996 shares during the period. 91.45% of the stock is currently owned by institutional investors.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $20.25 on Friday. The company has a market cap of $779.69 million, a price-to-earnings ratio of 10.02 and a beta of 2.17. Dave & Buster’s Entertainment has a 1 year low of $17.02 and a 1 year high of $69.82. The stock’s 50 day simple moving average is $23.25 and its two-hundred day simple moving average is $30.00. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster’s Entertainment Company Profile

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.