Dave & Buster's Entertainment (NASDAQ:PLAY) Trading Down 4.7% - Here's What Happened

Key Points

• Shares of Dave & Buster's Entertainment (NASDAQ:PLAY) dropped by 4.7% to close at $18.34, with trading volume significantly below average.
• Analyst ratings have changed, with UBS and Truist lowering their price targets, while BMO Capital Markets increased theirs, indicating a consensus rating of "Hold" with an average target price of $31.33.
• The company recently reported an earnings per share of $0.32, missing estimates by $0.60 and showing only a slight revenue increase year-over-year.

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) traded down 4.7% on Monday . The stock traded as low as $18.57 and last traded at $18.34. 210,113 shares traded hands during mid-day trading, a decline of 84% from the average session volume of 1,324,987 shares. The stock had previously closed at $19.25.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. UBS Group decreased their price target on Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. Truist Financial decreased their price target on Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, September 16th. Piper Sandler decreased their price target on Dave & Buster's Entertainment from $30.00 to $26.00 and set a "neutral" rating for the company in a research note on Tuesday, September 16th. BMO Capital Markets increased their price target on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday, June 11th. Finally, Zacks Research cut Dave & Buster's Entertainment from a "hold" rating to a "strong sell" rating in a research note on Monday, September 15th. Two investment analysts have rated the stock with a Buy rating, six have assigned a Hold rating and one has assigned a Sell rating to the company. According to MarketBeat, the stock presently has a consensus rating of "Hold" and an average target price of $31.33.

Dave & Buster's Entertainment Stock Down 1.5%

The firm has a 50 day moving average of $25.13 and a 200 day moving average of $24.05. The firm has a market cap of $657.07 million, a price-to-earnings ratio of 55.60 and a beta of 2.04. The company has a quick ratio of 0.22, a current ratio of 0.33 and a debt-to-equity ratio of 9.32.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Monday, September 15th. The restaurant operator reported $0.32 EPS for the quarter, missing the consensus estimate of $0.92 by ($0.60). Dave & Buster's Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The business had revenue of $557.40 million for the quarter, compared to analyst estimates of $565.43 million. During the same period in the prior year, the business earned $0.99 EPS. The company's revenue for the quarter was up .1% on a year-over-year basis. As a group, sell-side analysts predict that Dave & Buster's Entertainment, Inc. will post 2.52 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster's Entertainment

In related news, CEO Tarun Lal bought 8,060 shares of the company's stock in a transaction dated Tuesday, July 22nd. The shares were bought at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the acquisition, the chief executive officer directly owned 8,060 shares of the company's stock, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. 2.02% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

A number of large investors have recently modified their holdings of the stock. Clearline Capital LP lifted its holdings in Dave & Buster's Entertainment by 17.7% during the first quarter. Clearline Capital LP now owns 1,349,236 shares of the restaurant operator's stock worth $23,706,000 after acquiring an additional 203,012 shares during the period. Arrowstreet Capital Limited Partnership lifted its holdings in Dave & Buster's Entertainment by 99.9% during the second quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator's stock worth $30,067,000 after acquiring an additional 499,412 shares during the period. Boston Partners lifted its holdings in Dave & Buster's Entertainment by 1.9% during the first 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 period. Charles Schwab Investment Management Inc. lifted its holdings in Dave & Buster's Entertainment by 9.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator's stock worth $9,081,000 after acquiring an additional 44,911 shares during the period. Finally, JPMorgan Chase & Co. lifted its holdings in Dave & Buster's Entertainment by 147.1% during the second quarter. JPMorgan Chase & Co. now owns 329,008 shares of the restaurant operator's stock worth $9,897,000 after acquiring an additional 195,834 shares during the period. 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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