Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Receives Consensus Rating of "Hold" from Analysts

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) have been given an average rating of "Hold" by the eight research firms that are currently covering the firm, MarketBeat reports. Six equities research analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price target among brokers that have issued a report on the stock in the last year is $33.83.

A number of brokerages recently issued reports on PLAY. Loop Capital lifted 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. Piper Sandler lifted 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. BMO Capital Markets lifted 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. UBS Group lifted 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. Finally, Truist Financial lifted 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.

Dave & Buster's Entertainment Trading Down 0.1%

PLAY opened at $30.45 on Friday. The firm has a market capitalization of $1.05 billion, a P/E ratio of 30.15 and a beta of 2.00. The firm's 50 day moving average is $23.86 and its 200-day moving average is $23.60. Dave & Buster's Entertainment has a 52-week low of $15.08 and a 52-week high of $43.73. The company has a quick ratio of 0.17, a current ratio of 0.26 and a debt-to-equity ratio of 10.69.

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 (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 analysts' expectations 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 for the quarter was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 EPS. Analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current fiscal year.

Insiders Place Their Bets

In other news, SVP John Mulleady sold 5,931 shares of the company's stock in a transaction dated Tuesday, June 17th. The shares were 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 now owns 42,550 shares in the company, valued at approximately $1,395,214.50. This represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 2.02% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Institutional investors have recently modified their holdings of the company. Parallax Volatility Advisers L.P. grew its position in Dave & Buster's Entertainment by 9.3% in the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after buying an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its position in Dave & Buster's Entertainment by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock valued at $537,000 after buying an additional 728 shares in the last quarter. US Bancorp DE grew its position in Dave & Buster's Entertainment by 442.0% in the 1st 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 in the last quarter. MetLife Investment Management LLC grew its position in Dave & Buster's Entertainment by 7.7% in the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock valued at $602,000 after buying an additional 1,479 shares in the last quarter. Finally, SBI Securities Co. Ltd. bought a new position in Dave & Buster's Entertainment in the 4th quarter valued at about $47,000. 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.

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