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 an average recommendation of "Hold" from the eight brokerages that are covering the firm, Marketbeat.com reports. Six investment analysts have rated the stock with a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month target price among analysts that have issued a report on the stock in the last year is $33.8333.

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

Dave & Buster's Entertainment Trading Down 0.2%

Shares of Dave & Buster's Entertainment stock traded down $0.04 during trading on Monday, hitting $24.83. The company's stock had a trading volume of 560,598 shares, compared to its average volume of 864,671. The stock has a market cap of $858.62 million, a price-to-earnings ratio of 24.58 and a beta of 2.14. 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 52 week low of $15.08 and a 52 week high of $43.73. The stock has a 50-day moving average price of $30.04 and a two-hundred day moving average price of $24.05.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued 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). The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate of $572.12 million. Dave & Buster's Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The business's revenue was down 3.5% compared to the same quarter last year. During the same period last year, the company posted $0.99 EPS. Equities research analysts anticipate that Dave & Buster's Entertainment will post 2.52 EPS for the current fiscal year.

Insider Activity at Dave & Buster's Entertainment

In other news, CEO Tarun Lal purchased 8,060 shares of the company's stock in a transaction on Tuesday, July 22nd. The stock was acquired at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at $251,955.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, SVP John Mulleady sold 5,931 shares of the company's stock in a transaction that occurred 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 completion of the transaction, the senior vice president owned 42,550 shares of the company's stock, 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. 2.02% of the stock is owned by insiders.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. US Bancorp DE raised its position 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 worth $27,000 after buying an additional 1,273 shares during the last quarter. Farther Finance Advisors LLC acquired a new stake in Dave & Buster's Entertainment during the 2nd quarter worth $37,000. Signaturefd LLC raised its holdings 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 worth $75,000 after acquiring an additional 3,997 shares during the period. GAMMA Investing LLC raised its holdings in shares of 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 worth $77,000 after acquiring an additional 4,253 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in Dave & Buster's Entertainment in the 1st quarter valued at about $139,000. Hedge funds and other institutional investors 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.