Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Receives $33.83 Consensus Price Target from Analysts

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) have been given a consensus rating of "Hold" by the eight ratings firms that are presently covering the stock, Marketbeat.com reports. Six equities research analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 1 year price target among analysts that have covered the stock in the last year is $33.83.

A number of brokerages have issued reports on PLAY. BMO Capital Markets raised their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday, June 11th. Truist Financial boosted their price objective on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research report on Wednesday, June 11th. UBS Group upped their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday, June 11th. Loop Capital raised their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research note on Wednesday, June 11th. Finally, Piper Sandler upped their price target on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the stock a "neutral" rating in a research report on Wednesday, June 11th.

Insider Transactions at Dave & Buster's Entertainment

In other news, SVP John Mulleady sold 5,931 shares of Dave & Buster's Entertainment stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the transaction, the senior vice president directly owned 42,550 shares in the company, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Tarun Lal acquired 8,060 shares of the company's stock in a transaction dated Tuesday, July 22nd. The stock was purchased at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the purchase, the chief executive officer directly owned 8,060 shares in the company, valued at approximately $251,955.60. This represents a ∞ increase in their position. The disclosure for this purchase can be found here. 2.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of hedge funds have recently bought and sold shares of PLAY. Signaturefd LLC boosted its position in shares of Dave & Buster's Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after purchasing an additional 3,997 shares in the last quarter. Quinn Opportunity Partners LLC acquired a new stake in Dave & Buster's Entertainment during the fourth quarter valued at approximately $1,943,000. M.E. Allison & CO. Inc. bought a new stake in Dave & Buster's Entertainment during the first quarter worth approximately $1,542,000. Raymond James Financial Inc. acquired a new position in Dave & Buster's Entertainment in the fourth quarter worth approximately $3,677,000. Finally, GAMMA Investing LLC increased its holdings in shares of Dave & Buster's Entertainment by 71,493.5% in the first quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator's stock valued at $1,346,000 after buying an additional 76,498 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Stock Up 2.8%

PLAY traded up $0.89 during trading on Thursday, hitting $32.84. The company had a trading volume of 1,122,240 shares, compared to its average volume of 954,851. The company has a market cap of $1.14 billion, a PE ratio of 32.52 and a beta of 2.08. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17. Dave & Buster's Entertainment has a 1-year low of $15.08 and a 1-year high of $43.73. The business has a 50-day moving average of $28.50 and a 200-day moving average of $24.04.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%. The firm had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. During the same quarter last year, the business posted $0.99 earnings per share. The firm's revenue for the quarter was down 3.5% on a year-over-year basis. As a group, analysts forecast that Dave & Buster's Entertainment will post 2.52 earnings per share for the current 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.