Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s share price dropped 6.1% during trading on Thursday . The stock traded as low as $22.67 and last traded at $22.24. Approximately 95,720 shares changed hands during trading, a decline of 93% from the average daily volume of 1,448,696 shares. The stock had previously closed at $23.69.
Analyst Ratings Changes
PLAY has been the subject of a number of recent analyst reports. BMO Capital Markets decreased their price objective on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating for the company in a report on Wednesday, April 9th. Loop Capital decreased their price target on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating for the company in a research note on Tuesday, April 8th. Truist Financial raised their price target on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the company a "hold" rating in a report on Thursday. Finally, Piper Sandler reduced their price objective on shares of 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. One equities 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 stock. Based on data from MarketBeat, the company presently has a consensus rating of "Hold" and a consensus price target of $33.17.
Read Our Latest Report on PLAY
Dave & Buster's Entertainment Trading Up 5.3%
The business has a 50-day moving average price of $19.95 and a 200-day moving average price of $24.19. The firm has a market capitalization of $823.52 million, a P/E ratio of 11.81 and a beta of 2.00. 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 posted its earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping 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 business had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. During the same quarter last year, the company earned $0.88 EPS. Dave & Buster's Entertainment's revenue was down 10.8% on a year-over-year basis. Analysts anticipate that Dave & Buster's Entertainment Inc will post 2.52 earnings per share for the current year.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Hedge funds and other institutional investors have recently bought and sold shares of the business. Parallax Volatility Advisers L.P. increased its holdings in shares of Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after acquiring an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its position in Dave & Buster's Entertainment by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock worth $537,000 after acquiring an additional 728 shares in the last quarter. KBC Group NV lifted its stake in Dave & Buster's Entertainment by 81.3% in the 4th 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 during the last quarter. US Bancorp DE lifted its position in shares of Dave & Buster's Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock valued at $27,000 after buying an additional 1,273 shares during the last quarter. Finally, MetLife Investment Management LLC lifted its holdings in Dave & Buster's Entertainment by 7.7% during the 4th quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock valued at $602,000 after purchasing an additional 1,479 shares during the last quarter. 91.45% of the stock is owned by institutional investors.
Dave & Buster's Entertainment Company Profile
(
Get Free Report)
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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