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

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) has received a consensus recommendation of "Hold" from the eight brokerages that are presently covering the company, MarketBeat Ratings reports. Six research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued a report on the stock in the last year is $33.17.

Several analysts have recently commented on the company. Truist Financial increased their price objective on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday. Loop Capital decreased their target price 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 reduced their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Finally, BMO Capital Markets decreased their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th.

Dave & Buster's Entertainment Stock Down 4.4%

NASDAQ PLAY traded down $1.05 during mid-day trading on Wednesday, hitting $22.64. The company's stock had a trading volume of 1,269,099 shares, compared to its average volume of 1,453,092. The firm has a market capitalization of $781.74 million, a price-to-earnings ratio of 11.21 and a beta of 1.94. The company's 50 day simple moving average is $19.74 and its 200 day simple moving average is $24.44. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment has a twelve month low of $15.08 and a twelve month high of $52.08.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced 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. The business had revenue of $534.50 million during 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%. Dave & Buster's Entertainment's quarterly revenue was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the business posted $0.88 EPS. Analysts anticipate that Dave & Buster's Entertainment will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Hedge funds have recently made changes to their positions in the business. Clare Market Investments LLC bought a new stake in Dave & Buster's Entertainment in the fourth quarter worth $540,000. Quinn Opportunity Partners LLC purchased a new position in shares of Dave & Buster's Entertainment in the fourth quarter worth about $1,943,000. Raymond James Financial Inc. bought a new stake in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $3,677,000. Principal Financial Group Inc. boosted its holdings in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after acquiring an additional 3,494 shares during the period. Finally, Bank of America Corp DE grew its position in Dave & Buster's Entertainment by 50.7% during the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock worth $6,209,000 after acquiring an additional 71,520 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors.

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.