Dave & Buster's Entertainment (NASDAQ:PLAY) Shares Up 4.7% - Here's Why

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) was up 4.7% on Monday . The company traded as high as $20.10 and last traded at $20.20. Approximately 218,506 shares changed hands 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 Ratings Changes

Several brokerages have recently issued reports on PLAY. Piper Sandler decreased their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. Loop Capital dropped their price objective on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. BMO Capital Markets lowered their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Finally, Truist Financial cut their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research note on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company. Based on data from MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $33.00.

Dave & Buster's Entertainment Price Performance

The firm has a market capitalization of $685.47 million, a price-to-earnings ratio of 9.83 and a beta of 1.94. The stock's 50-day moving average price is $18.85 and its 200 day moving average price is $26.50. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

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

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of hedge funds have recently modified their holdings of PLAY. Hennessy Advisors Inc. increased its holdings in Dave & Buster's Entertainment by 6.8% in the 4th quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator's stock valued at $4,580,000 after purchasing an additional 10,000 shares during the last quarter. SG Americas Securities LLC lifted its position in shares of Dave & Buster's Entertainment by 1,100.8% during the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after purchasing an additional 389,577 shares in the last quarter. KBC Group NV grew its holdings in shares of Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares in the last quarter. Rhumbline Advisers increased its stake in Dave & Buster's Entertainment by 3.9% during the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock worth $2,880,000 after buying an additional 3,730 shares during the period. Finally, Principal Financial Group Inc. grew its stake in shares of Dave & Buster's Entertainment by 2.3% in the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after acquiring an additional 3,494 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

About Dave & Buster's Entertainment

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.