Dave & Buster's Entertainment (NASDAQ:PLAY) Trading 8.9% Higher - Here's What Happened

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) traded up 8.9% during trading on Tuesday . The company traded as high as $22.12 and last traded at $22.35. 119,374 shares traded hands during trading, a decline of 92% from the average session volume of 1,457,857 shares. The stock had previously closed at $20.53.

Analyst Ratings Changes

A number of research analysts have recently commented on the company. Loop Capital dropped their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets dropped their price objective on 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. Piper Sandler dropped their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a report on Tuesday, April 8th. Finally, Truist Financial lowered their price target on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a report on Wednesday, April 2nd. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. According to data from MarketBeat, the company has a consensus rating of "Hold" and a consensus target price of $33.00.

Dave & Buster's Entertainment Price Performance

The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock's 50-day simple moving average is $19.39 and its two-hundred day simple moving average is $25.08. The firm has a market cap of $782.95 million, a P/E ratio of 11.23 and a beta of 1.94.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating the consensus estimate 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 firm had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same period in the previous year, the company posted $0.88 earnings per share. The firm's quarterly revenue was down 10.8% on a year-over-year basis. Equities research analysts forecast that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster's Entertainment

Several large investors have recently made changes to their positions in the company. US Bancorp DE lifted its stake in shares of Dave & Buster's Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment during the 4th quarter worth about $47,000. KBC Group NV lifted its stake 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 acquiring an additional 885 shares in the last quarter. Signaturefd LLC lifted its stake in Dave & Buster's Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock worth $75,000 after acquiring an additional 3,997 shares in the last quarter. Finally, GAMMA Investing LLC lifted its stake in Dave & Buster's Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after acquiring an additional 4,253 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.

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