Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Expected to Rise, BMO Capital Markets Analyst Says

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its target price upped by analysts at BMO Capital Markets from $30.00 to $35.00 in a note issued to investors on Wednesday,Benzinga reports. The brokerage presently has an "outperform" rating on the restaurant operator's stock. BMO Capital Markets' target price would indicate a potential upside of 12.88% from the company's previous close.

Other research analysts also recently issued reports about the company. Loop Capital increased their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday. Piper Sandler decreased their price target 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. Truist Financial boosted their target price on shares of Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. Finally, UBS Group increased their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a report on Wednesday. One investment 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's stock. Based on data from MarketBeat, the company currently has an average rating of "Hold" and a consensus price target of $33.83.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ PLAY traded up $0.32 during midday trading on Wednesday, reaching $31.01. The stock had a trading volume of 570,918 shares, compared to its average volume of 1,466,269. The company has a market capitalization of $1.07 billion, a price-to-earnings ratio of 15.36 and a beta of 2.00. Dave & Buster's Entertainment has a 12-month low of $15.08 and a 12-month high of $46.90. The stock has a 50-day moving average of $20.83 and a 200-day moving average of $24.08. 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 (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. During the same quarter in the previous year, the firm earned $0.99 earnings per share. Dave & Buster's Entertainment's revenue was down 3.5% on a year-over-year basis. As a group, research analysts anticipate that Dave & Buster's Entertainment will post 2.52 EPS for the current fiscal year.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the stock. Parallax Volatility Advisers L.P. grew 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 purchasing an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its position in 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 valued at $537,000 after acquiring an additional 728 shares during the last quarter. US Bancorp DE lifted its position in 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 acquiring an additional 1,273 shares during the last quarter. MetLife Investment Management LLC boosted its stake in Dave & Buster's Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock valued at $602,000 after acquiring an additional 1,479 shares in the last quarter. Finally, SBI Securities Co. Ltd. purchased a new position in Dave & Buster's Entertainment in the fourth quarter worth $47,000. 91.45% of the stock is currently owned by hedge funds and other 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.