Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) shares gapped up before the market opened on Wednesday after Piper Sandler raised their price target on the stock from $22.00 to $30.00. The stock had previously closed at $25.87, but opened at $28.85. Piper Sandler currently has a neutral rating on the stock. Dave & Buster's Entertainment shares last traded at $30.19, with a volume of 1,257,503 shares traded.
A number of other equities analysts have also issued reports on PLAY. Truist Financial raised their target price on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research report on Wednesday. Loop Capital boosted their price target on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. BMO Capital Markets upped their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a report on Wednesday. Finally, UBS Group boosted their price objective on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company. According to data from MarketBeat, the stock has an average rating of "Hold" and an average target price of $33.83.
Read Our Latest Analysis on Dave & Buster's Entertainment
Institutional Inflows and Outflows
Institutional investors have recently added to or reduced their stakes in the business. Eminence Capital LP lifted its position in Dave & Buster's Entertainment by 3.6% in the fourth quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock worth $112,249,000 after purchasing an additional 135,095 shares during the period. Patient Capital Management LLC boosted its holdings in Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock worth $51,878,000 after buying an additional 476,662 shares in the last quarter. Clearline Capital LP grew its position in Dave & Buster's Entertainment by 17.7% in the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator's stock worth $23,706,000 after buying an additional 203,012 shares during the last quarter. NewEdge Wealth LLC increased its holdings in shares of Dave & Buster's Entertainment by 13.4% in the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock valued at $21,235,000 after buying an additional 85,820 shares in the last quarter. Finally, Boston Partners grew its holdings in shares of Dave & Buster's Entertainment by 1.9% in the 1st quarter. Boston Partners now owns 578,639 shares of the restaurant operator's stock worth $10,169,000 after acquiring an additional 10,905 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.
Dave & Buster's Entertainment Stock Performance
The firm has a fifty day moving average price of $20.54 and a 200 day moving average price of $24.12. The firm has a market capitalization of $1.07 billion, a PE ratio of 15.30 and a beta of 2.00. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing analysts' consensus estimates 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 firm had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. During the same quarter last year, the firm earned $0.99 EPS. The business's revenue for the quarter was down 3.5% compared to the same quarter last year. Research analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.
About Dave & Buster's Entertainment
(
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.
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