Dave & Buster's Entertainment (NASDAQ:PLAY) Given New $46.00 Price Target at Loop Capital

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price target hoisted by Loop Capital from $35.00 to $46.00 in a research note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Loop Capital's target price points to a potential upside of 48.82% from the stock's current price.

A number of other brokerages have also weighed in on PLAY. Piper Sandler decreased 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. Truist Financial lifted their target price on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. UBS Group increased their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, BMO Capital Markets reduced 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. One 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. According to MarketBeat.com, the company has a consensus rating of "Hold" and an average price target of $33.83.

Dave & Buster's Entertainment Stock Up 1.5%

Shares of Dave & Buster's Entertainment stock traded up $0.45 during midday trading on Wednesday, hitting $30.91. The company had a trading volume of 1,314,044 shares, compared to its average volume of 1,434,008. The company has a 50 day moving average of $20.54 and a 200 day moving average of $24.12. The stock has a market capitalization of $1.07 billion, a P/E ratio of 15.30 and a beta of 2.00. Dave & Buster's Entertainment has a 52-week low of $15.08 and a 52-week high of $46.90. 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 posted its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). The company had revenue of $567.70 million during the quarter, compared to analysts' expectations of $572.12 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster's Entertainment's revenue for the quarter was down 3.5% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.99 EPS. On average, equities analysts predict that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. US Bancorp DE lifted its stake in shares of Dave & Buster's Entertainment by 442.0% during the 1st 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 in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment in the 4th quarter worth about $47,000. Signaturefd LLC lifted its holdings 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 valued at $75,000 after buying an additional 3,997 shares in the last quarter. GAMMA Investing LLC lifted its holdings in shares of Dave & Buster's Entertainment by 3,974.8% in the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after buying an additional 4,253 shares during the period. Finally, KLP Kapitalforvaltning AS bought a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $175,000. 91.45% of the stock is 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.