Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Expected to Rise, Truist Financial Analyst Says

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price objective hoisted by analysts at Truist Financial from $18.00 to $22.00 in a report released on Thursday,Benzinga reports. The firm presently has a "hold" rating on the restaurant operator's stock. Truist Financial's price target points to a potential downside of 2.83% from the stock's current price.

Several other brokerages have also recently weighed in on PLAY. Piper Sandler decreased their price objective on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research note on Tuesday, April 8th. Loop Capital reduced their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Hold" and a consensus price target of $33.17.

Dave & Buster's Entertainment Price Performance

NASDAQ PLAY traded down $1.05 on Thursday, reaching $22.64. The company's stock had a trading volume of 1,269,099 shares, compared to its average volume of 1,453,238. The firm has a market cap of $781.74 million, a PE ratio of 11.21 and a beta of 1.94. The business has a 50-day moving average price of $19.84 and a 200 day moving average price of $24.34. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $51.30. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm's revenue for the quarter was down 10.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.88 earnings per share. Sell-side analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Parallax Volatility Advisers L.P. boosted its stake in Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after acquiring an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in shares of Dave & Buster's Entertainment by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock worth $537,000 after purchasing an additional 728 shares in the last quarter. KBC Group NV boosted its position in shares of Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 885 shares in the last quarter. 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 worth $27,000 after purchasing an additional 1,273 shares in the last quarter. Finally, MetLife Investment Management LLC boosted its position in shares of Dave & Buster's Entertainment by 7.7% during the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after purchasing an additional 1,479 shares in the last quarter. 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.