Analysts Set Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) PT at $33.50

Key Points

• Dave & Buster's Entertainment has garnered an average "Hold" rating from brokerages, with six analysts recommending a hold and two suggesting a buy, while the average 1-year price target is set at $33.50.
• The company's recent quarterly earnings showed a miss with $0.76 earnings per share, falling short of the consensus estimate of $0.96 and reflecting a 3.5% decrease in revenue year-over-year.
• Insider trading activity includes CEO Tarun Lal buying 8,060 shares at approximately $31.26 per share, indicating confidence in the company's future potential.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) has been given a consensus recommendation of "Hold" by the nine research firms that are presently covering the company, MarketBeat reports. One analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokers that have covered the stock in the last year is $31.3333.

A number of brokerages have recently weighed in on PLAY. Piper Sandler cut their price objective on Dave & Buster's Entertainment from $30.00 to $26.00 and set a "neutral" rating for the company in a research report on Tuesday. BMO Capital Markets lifted their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday, June 11th. UBS Group dropped their price target on Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating for the company in a research report on Tuesday. Zacks Research lowered Dave & Buster's Entertainment from a "hold" rating to a "strong sell" rating in a research report on Monday. Finally, Truist Financial dropped their price target on Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating for the company in a research report on Tuesday.

Insider Buying and Selling

In related news, CEO Tarun Lal purchased 8,060 shares of the company's stock in a transaction that occurred on Tuesday, July 22nd. The stock was bought at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the transaction, the chief executive officer owned 8,060 shares in the company, valued at approximately $251,955.60. The trade was a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 2.02% of the company's stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in the stock. US Bancorp DE boosted its position in shares of Dave & Buster's Entertainment by 442.0% during the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after buying an additional 1,273 shares during the period. Farther Finance Advisors LLC purchased a new position in shares of Dave & Buster's Entertainment during the second quarter valued at approximately $37,000. Signaturefd LLC boosted its position in shares of Dave & Buster's Entertainment by 1,427.5% during the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after buying an additional 3,997 shares during the period. GAMMA Investing LLC boosted its position in shares of Dave & Buster's Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after buying an additional 4,253 shares during the period. Finally, Federated Hermes Inc. purchased a new position in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $139,000. Hedge funds and other institutional investors own 91.45% of the company's stock.

Dave & Buster's Entertainment Price Performance

Shares of Dave & Buster's Entertainment stock traded up $1.04 during trading on Friday, reaching $21.18. 3,117,566 shares of the stock traded hands, compared to its average volume of 1,406,815. The company has a market capitalization of $734.31 million, a price-to-earnings ratio of 62.30 and a beta of 2.04. The business has a fifty day simple moving average of $26.73 and a two-hundred day simple moving average of $23.96. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 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.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.32 earnings per share for the quarter, missing analysts' consensus estimates of $0.92 by ($0.60). The firm had revenue of $557.40 million for the quarter, compared to analysts' expectations of $565.43 million. Dave & Buster's Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The company's revenue for the quarter was up .1% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.99 EPS. Sell-side analysts expect that Dave & Buster's Entertainment will post 2.52 EPS 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.