Dave & Buster's Entertainment (NASDAQ:PLAY) Trading 5.2% Higher - Still a Buy?

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) shares rose 5.2% during trading on Wednesday . The company traded as high as $22.34 and last traded at $22.83. Approximately 67,776 shares were traded during mid-day trading, a decline of 95% from the average daily volume of 1,449,508 shares. The stock had previously closed at $21.70.

Analyst Upgrades and Downgrades

PLAY has been the topic of several research reports. Truist Financial upped their price target on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the company a "hold" rating in a research note on Thursday. 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 for the company in a research report on Wednesday, April 9th. Piper Sandler dropped their price target on shares of 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. Finally, Loop Capital reduced 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. One 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. According to MarketBeat.com, Dave & Buster's Entertainment has a consensus rating of "Hold" and an average target price of $33.17.

Dave & Buster's Entertainment Stock Down 4.4%

The firm has a market capitalization of $781.74 million, a price-to-earnings ratio of 11.21 and a beta of 1.94. The business's 50-day moving average is $19.74 and its two-hundred day moving average is $24.44. 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 results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. The business had revenue of $534.50 million for the quarter, compared to the consensus estimate 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 revenue for the quarter was down 10.8% on a year-over-year basis. During the same period last year, the company posted $0.88 EPS. On average, equities analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.

Institutional Trading of Dave & Buster's Entertainment

A number of hedge funds have recently modified their holdings of PLAY. KBC Group NV raised its holdings in Dave & Buster's Entertainment by 81.3% during the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after buying an additional 885 shares during the period. Rhumbline Advisers raised its holdings 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. Principal Financial Group Inc. raised its holdings in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after buying an additional 3,494 shares during the period. Hussman Strategic Advisors Inc. raised its holdings in Dave & Buster's Entertainment by 33.3% during the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator's stock worth $1,226,000 after buying an additional 10,500 shares during the period. Finally, Illinois Municipal Retirement Fund raised its holdings in Dave & Buster's Entertainment by 34.8% during the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator's stock worth $662,000 after buying an additional 5,854 shares during the period. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.