Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price objective raised by equities researchers at BMO Capital Markets from $30.00 to $35.00 in a report released on Wednesday,Benzinga reports. The firm currently has an "outperform" rating on the restaurant operator's stock. BMO Capital Markets' price objective would suggest a potential upside of 16.01% from the stock's previous close.
A number of other analysts have also recently issued reports on PLAY. Loop Capital increased their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. Truist Financial increased their target price on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a research note on Thursday, June 5th. UBS Group increased their target price on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday. Finally, Piper Sandler lowered their target price on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. One equities research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and a consensus price target of $33.83.
Check Out Our Latest Stock Analysis on PLAY
Dave & Buster's Entertainment Trading Down 1.7%
Dave & Buster's Entertainment stock traded down $0.52 during trading hours on Wednesday, reaching $30.17. 1,443,422 shares of the company's stock traded hands, compared to its average volume of 1,445,700. The firm has a market capitalization of $1.04 billion, a price-to-earnings ratio of 14.94 and a beta of 2.00. The firm's 50 day moving average is $21.12 and its 200-day moving average is $23.95. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster's Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $44.54.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). The firm 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 3.88% and a return on equity of 44.22%. The business's revenue was down 3.5% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.99 earnings per share. On average, analysts predict that Dave & Buster's Entertainment will post 2.52 earnings per share for the current year.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Hedge funds have recently made changes to their positions in the business. US Bancorp DE grew its stake in shares of 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 acquiring an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment during the fourth quarter worth $47,000. Signaturefd LLC raised its position in 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 worth $75,000 after acquiring an additional 3,997 shares in the last quarter. GAMMA Investing LLC lifted its stake in Dave & Buster's Entertainment by 3,974.8% in the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after acquiring an additional 4,253 shares during the last quarter. Finally, KLP Kapitalforvaltning AS acquired a new stake in Dave & Buster's Entertainment in the fourth quarter valued at $175,000. 91.45% of the stock is owned by institutional investors.
Dave & Buster's Entertainment Company Profile
(
Get Free Report)
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.
Featured Stories

Before you consider Dave & Buster's Entertainment, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Dave & Buster's Entertainment wasn't on the list.
While Dave & Buster's Entertainment currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Looking for the next FAANG stock before everyone has heard about it? Enter your email address to see which stocks MarketBeat analysts think might become the next trillion dollar tech company.
Get This Free Report
Like this article? Share it with a colleague.
Link copied to clipboard.