Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target Raised to $35.00 at BMO Capital Markets

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.

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

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.