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

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) have earned a consensus recommendation of "Hold" from the eight research firms that are currently covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month price target among analysts that have issued ratings on the stock in the last year is $33.8333.

Several equities research analysts have commented on the stock. UBS Group upped their target price on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. BMO Capital Markets upped their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. Piper Sandler upped their target price on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Truist Financial upped their target price on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the company a "hold" rating in a research note on Wednesday, June 11th. Finally, Loop Capital upped their target price on shares of 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.

Insider Buying and Selling

In other news, CEO Tarun Lal bought 8,060 shares of the stock in a transaction that occurred on Tuesday, July 22nd. The shares were acquired at an average cost of $31.26 per share, for a total transaction 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 represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, SVP John Mulleady sold 5,931 shares of the business's 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 owned 42,550 shares in the company, valued at approximately $1,395,214.50. The trade was a 12.23% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders own 2.02% of the company's stock.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Several institutional investors and hedge funds have recently modified their holdings of the stock. Signaturefd LLC boosted its position in shares of Dave & Buster's Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after acquiring an additional 3,997 shares during the period. M.E. Allison & CO. Inc. bought a new stake in shares of Dave & Buster's Entertainment in the first quarter valued at about $1,542,000. GAMMA Investing LLC boosted its position 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 acquiring an additional 76,498 shares during the period. Bank of America Corp DE boosted its position in shares of Dave & Buster's Entertainment by 50.7% in the fourth quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock valued at $6,209,000 after acquiring an additional 71,520 shares during the period. Finally, Rockefeller Capital Management L.P. bought a new stake in Dave & Buster's Entertainment during the fourth quarter worth about $1,899,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Price Performance

PLAY traded up $1.2450 during midday trading on Monday, hitting $25.2250. The company had a trading volume of 244,427 shares, compared to its average volume of 1,283,783. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The company has a market capitalization of $872.18 million, a PE ratio of 24.91 and a beta of 2.14. Dave & Buster's Entertainment has a twelve month low of $15.08 and a twelve month high of $43.73. The firm's 50-day simple moving average is $29.78 and its 200-day simple moving average is $24.03.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted 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 company's revenue was down 3.5% compared to the same quarter last year. During the same quarter in the previous year, the business posted $0.99 EPS. Equities research analysts predict that Dave & Buster's Entertainment will post 2.52 EPS for the current fiscal 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.