Dave & Buster's Entertainment (NASDAQ:PLAY) Shares Up 4.7% - What's Next?

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) was up 4.7% during trading on Monday . The stock traded as high as $20.10 and last traded at $20.20. Approximately 218,506 shares were traded during trading, a decline of 85% from the average daily volume of 1,471,001 shares. The stock had previously closed at $19.29.

Analyst Upgrades and Downgrades

A number of analysts have commented on PLAY shares. Loop Capital reduced their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a report on Tuesday, April 8th. Truist Financial lowered their target price on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research report on Wednesday, April 2nd. BMO Capital Markets reduced their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a research report on Wednesday, April 9th. Finally, Piper Sandler decreased their price objective on 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. One 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. According to data from MarketBeat, the stock has a consensus rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment Stock Performance

The company has a market capitalization of $678.91 million, a P/E ratio of 9.74 and a beta of 1.94. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The business's fifty day simple moving average is $18.88 and its 200-day simple moving average is $26.96.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. During the same period in the prior year, the company earned $0.88 earnings per share. The firm's revenue was down 10.8% on a year-over-year basis. As a group, equities analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

A number of hedge funds have recently bought and sold shares of PLAY. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth about $47,000. KBC Group NV increased its stake in 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 acquiring an additional 885 shares during the last quarter. 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 valued at $75,000 after purchasing an additional 3,997 shares during the period. GAMMA Investing LLC boosted its holdings in shares of Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 4,253 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Dave & Buster's Entertainment during the 4th quarter valued at approximately $175,000. Hedge funds and other institutional investors own 91.45% of the company's stock.

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.

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