Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Given Average Recommendation of "Hold" by Brokerages

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) has earned an average recommendation of "Hold" from the eight research firms that are presently covering the firm, MarketBeat reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average twelve-month target price among brokerages that have issued ratings on the stock in the last year is $33.00.

PLAY has been the subject of several analyst reports. Truist Financial decreased their target price 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. Piper Sandler decreased their target price on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. BMO Capital Markets decreased 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 research note on Wednesday, April 9th. Finally, Loop Capital decreased their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th.

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Eminence Capital LP boosted its position in Dave & Buster's Entertainment by 3.6% during the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock worth $112,249,000 after purchasing an additional 135,095 shares during the period. Patient Capital Management LLC lifted its holdings in shares of Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock worth $51,878,000 after buying an additional 476,662 shares in the last quarter. Clearline Capital LP lifted its holdings in shares of Dave & Buster's Entertainment by 1,768.8% during the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock worth $33,458,000 after buying an additional 1,084,890 shares in the last quarter. NewEdge Wealth LLC lifted its holdings in shares of Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after buying an additional 85,820 shares in the last quarter. Finally, Boston Partners lifted its holdings in shares of Dave & Buster's Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after buying an additional 323,595 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Dave & Buster's Entertainment Stock Up 11.4%

Shares of PLAY traded up $2.26 during mid-day trading on Friday, hitting $22.12. 1,594,708 shares of the company's stock were exchanged, compared to its average volume of 1,477,965. The company has a market cap of $763.47 million, a PE ratio of 10.95 and a beta of 1.94. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $57.10. The company has a 50-day simple moving average of $18.92 and a 200 day simple moving average of $26.32. 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 - Get Free Report) last issued its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share 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 company had revenue of $534.50 million during the quarter, compared to analysts' expectations of $548.77 million. During the same period last year, the business earned $0.88 EPS. The business's quarterly revenue was down 10.8% on a year-over-year basis. On average, research analysts forecast that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal 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.