Brokerages Set Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) PT at $33.83

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) has earned an average recommendation of "Hold" from the eight brokerages that are currently covering the firm, Marketbeat reports. Six research analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12 month price objective among analysts that have issued ratings on the stock in the last year is $33.83.

Several research analysts have recently commented on PLAY shares. Loop Capital increased their price target on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday, June 11th. Truist Financial increased their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday, June 11th. UBS Group increased their price target on shares of 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. BMO Capital Markets increased their price target on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday, June 11th. Finally, Piper Sandler increased 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 note on Wednesday, June 11th.

Dave & Buster's Entertainment Trading Up 2.8%

Shares of PLAY stock traded up $0.89 during trading hours on Thursday, reaching $32.84. 1,122,240 shares of the stock traded hands, compared to its average volume of 954,851. The firm has a market capitalization of $1.14 billion, a PE ratio of 32.52 and a beta of 2.08. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69. The business has a fifty day moving average price of $28.50 and a 200 day moving average price of $24.08. Dave & Buster's Entertainment has a 1-year low of $15.08 and a 1-year high of $43.73.

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

Insiders Place Their Bets

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

Institutional Trading of Dave & Buster's Entertainment

A number of hedge funds have recently bought and sold shares of the stock. US Bancorp DE lifted its holdings in Dave & Buster's Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. Farther Finance Advisors LLC bought a new position in Dave & Buster's Entertainment during the 2nd quarter valued at about $37,000. Signaturefd LLC lifted its holdings in 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 during the last quarter. GAMMA Investing LLC lifted its holdings in Dave & Buster's Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after purchasing an additional 4,253 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Dave & Buster's Entertainment in the 1st quarter valued at about $139,000. 91.45% of the stock is 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.