Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives $33.00 Consensus Target Price from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has received an average rating of “Hold” from the eight analysts that are currently covering the firm, MarketBeat.com reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 1-year price objective among brokers that have updated their coverage on the stock in the last year is $33.00.

A number of analysts have recently commented on the company. Piper Sandler lowered their target price on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research note on Tuesday, April 8th. Loop Capital lowered their price objective on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets cut their target price on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, April 9th. Finally, Truist Financial lowered their price target on shares of Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating on the stock in a report on Wednesday, April 2nd.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. SBI Securities Co. Ltd. purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at $47,000. KBC Group NV lifted its stake in Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares in the last quarter. GAMMA Investing LLC boosted its holdings in Dave & Buster’s Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock worth $77,000 after buying an additional 4,253 shares during the last quarter. KLP Kapitalforvaltning AS purchased a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $175,000. Finally, Aristides Capital LLC purchased a new stake in Dave & Buster’s Entertainment during the 4th quarter worth approximately $207,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 9.2 %

PLAY stock opened at $19.98 on Tuesday. The company has a market capitalization of $689.61 million, a P/E ratio of 9.89 and a beta of 1.86. Dave & Buster’s Entertainment has a 12 month low of $15.08 and a 12 month high of $57.10. The firm’s fifty day simple moving average is $19.96 and its 200-day simple moving average is $28.17. 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 (NASDAQ:PLAY) last posted its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating the consensus estimate of $0.64 by $0.05. The company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm’s revenue was down 10.8% on a year-over-year basis. During the same period in the prior year, the company earned $0.88 earnings per share. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

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.