Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Receives Average Rating of "Hold" from Analysts

Key Points

• Analysts have rated Dave & Buster's stock with an average rating of "Hold", with two sell ratings, five hold ratings, and two buy ratings among the nine firms covering it.
• The company's recent earnings report revealed a miss on consensus estimates, with earnings per share of $0.32 compared to the expected $0.92, and revenue of $557.4 million against projections of $565.43 million.
• CEO Tarun Lal recently acquired 8,060 shares of the company's stock at an average price of $31.26, indicating continued confidence in the business by management.

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) have received an average rating of "Hold" from the nine research firms that are presently covering the stock, MarketBeat.com reports. Two research analysts have rated the stock with a sell rating, five have issued a hold rating and two have assigned a buy rating to the company. The average 1-year price target among brokerages that have covered the stock in the last year is $31.3333.

A number of analysts recently weighed in on PLAY shares. Truist Financial decreased their price target on shares of Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday, September 16th. Weiss Ratings reiterated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a report on Saturday, September 27th. UBS Group cut their price objective on shares of Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th. Zacks Research lowered shares of Dave & Buster's Entertainment from a "hold" rating to a "strong sell" rating in a report on Monday, September 15th. Finally, Loop Capital boosted their price objective on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a report on Wednesday, June 11th.

Dave & Buster's Entertainment Stock Down 4.2%

Shares of Dave & Buster's Entertainment stock opened at $18.03 on Tuesday. The company has a fifty day moving average price of $23.47 and a 200 day moving average price of $24.03. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. Dave & Buster's Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73. The stock has a market cap of $625.05 million, a price-to-earnings ratio of 53.03 and a beta of 1.97.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.60). Dave & Buster's Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business had revenue of $557.40 million for the quarter, compared to analysts' expectations of $565.43 million. During the same period last year, the company posted $0.99 earnings per share. The firm's revenue for the quarter was up .1% on a year-over-year basis. Equities research analysts forecast that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In other news, CEO Tarun Lal acquired 8,060 shares of the business's stock in a transaction on Tuesday, July 22nd. The shares were purchased at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the acquisition, the chief executive officer directly owned 8,060 shares of the company's stock, valued at $251,955.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 2.02% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of institutional investors have recently added to or reduced their stakes in PLAY. Arrowstreet Capital Limited Partnership lifted its holdings in Dave & Buster's Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator's stock worth $30,067,000 after buying an additional 499,412 shares in the last quarter. Clearline Capital LP raised its stake in shares of Dave & Buster's Entertainment by 17.7% in the 1st quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator's stock valued at $23,706,000 after purchasing an additional 203,012 shares in the last quarter. JPMorgan Chase & Co. raised its stake in shares of Dave & Buster's Entertainment by 147.1% in the 2nd quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator's stock valued at $9,897,000 after purchasing an additional 195,834 shares in the last quarter. Nuveen LLC acquired a new stake in shares of Dave & Buster's Entertainment in the 1st quarter valued at about $2,453,000. Finally, Manatuck Hill Partners LLC acquired a new stake in shares of Dave & Buster's Entertainment in the 2nd quarter valued at about $3,610,000. Institutional investors and hedge funds own 91.45% of the company's stock.

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.

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