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

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

Several equities analysts have issued reports on PLAY shares. Loop Capital cut their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research report on Tuesday, April 8th. Piper Sandler lowered their target price on 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. Truist Financial lowered their target price on 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. Finally, BMO Capital Markets lowered their target price on 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.

Dave & Buster's Entertainment Price Performance

Shares of Dave & Buster's Entertainment stock traded down $0.09 during midday trading on Friday, hitting $22.17. 230,641 shares of the company were exchanged, compared to its average volume of 1,470,648. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The firm has a market cap of $765.20 million, a P/E ratio of 11.00 and a beta of 1.94. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $56.60. The firm has a 50 day simple moving average of $19.01 and a 200-day simple moving average of $26.26.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its earnings results 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 return on equity of 44.22% and a net margin of 3.88%. The business had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same quarter last year, the company earned $0.88 EPS. Dave & Buster's Entertainment's revenue was down 10.8% on a year-over-year basis. Research 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

Institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its position in Dave & Buster's Entertainment by 442.0% during the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock worth $27,000 after buying an additional 1,273 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment during the fourth quarter worth approximately $47,000. KBC Group NV increased its position in Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares during the last quarter. Signaturefd LLC increased its position in Dave & Buster's Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock worth $75,000 after buying an additional 3,997 shares during the last quarter. Finally, GAMMA Investing LLC increased its position in Dave & Buster's Entertainment by 3,974.8% during the first 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. Institutional investors own 91.45% of the company's stock.

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.