Brokerages Set Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Price Target at $33.00

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) have earned an average recommendation of "Hold" from the eight analysts that are covering the firm, MarketBeat Ratings reports. Six investment 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 analysts that have covered the stock in the last year is $33.00.

Several research analysts have issued reports on PLAY shares. Truist Financial decreased 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 research report on Wednesday, April 2nd. BMO Capital Markets cut their target price on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Loop Capital decreased their price target 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. Finally, Piper Sandler cut their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th.

Institutional Inflows and Outflows

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

Dave & Buster's Entertainment Stock Performance

PLAY stock traded up $1.69 on Tuesday, reaching $19.98. The company's stock had a trading volume of 1,827,835 shares, compared to its average volume of 1,476,734. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $57.10. 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 company has a market capitalization of $689.61 million, a P/E ratio of 9.89 and a beta of 1.86. The firm has a fifty day moving average of $19.86 and a two-hundred day moving average of $28.00.

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 EPS for the quarter, beating analysts' consensus estimates 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 company had revenue of $534.50 million for the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the company earned $0.88 earnings per share. The company's quarterly revenue was down 10.8% compared to the same quarter last year. As a group, analysts predict that Dave & Buster's Entertainment will post 2.52 EPS for the current fiscal year.

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.