Loop Capital Forecasts Strong Price Appreciation for Dave & Buster's Entertainment (NASDAQ:PLAY) Stock

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price objective boosted by equities research analysts at Loop Capital from $35.00 to $46.00 in a note issued to investors on Wednesday,Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Loop Capital's price target suggests a potential upside of 52.47% from the stock's current price.

A number of other equities analysts have also recently weighed in on the stock. Piper Sandler reduced their price target on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. UBS Group lifted their price target on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research report on Wednesday. Truist Financial lifted their price target on shares of Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a research report on Thursday, June 5th. Finally, BMO Capital Markets reduced their price target on shares of Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the stock. According to MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and a consensus price target of $33.83.

Dave & Buster's Entertainment Trading Down 1.7%

PLAY stock traded down $0.52 during midday trading on Wednesday, reaching $30.17. The company's stock had a trading volume of 1,443,422 shares, compared to its average volume of 1,445,700. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $44.54. The stock has a market cap of $1.04 billion, a PE ratio of 14.94 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. The business's 50-day simple moving average is $21.12 and its 200-day simple moving average is $23.95.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $567.70 million during the quarter, compared to the consensus estimate of $572.12 million. During the same period in the previous year, the business posted $0.99 earnings per share. Dave & Buster's Entertainment's revenue was down 3.5% compared to the same quarter last year. As a group, sell-side analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. Clearline Capital LP raised its holdings in shares of Dave & Buster's Entertainment by 1,768.8% during the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock worth $33,458,000 after acquiring an additional 1,084,890 shares during the period. Patient Capital Management LLC raised its holdings in shares of Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock worth $51,878,000 after acquiring an additional 476,662 shares during the period. Boston Partners raised its holdings in shares of Dave & Buster's Entertainment by 132.5% during the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock worth $16,563,000 after acquiring an additional 323,595 shares during the period. Woodline Partners LP acquired a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $6,702,000. Finally, ExodusPoint Capital Management LP raised its holdings in shares of Dave & Buster's Entertainment by 2,306.5% during the fourth quarter. ExodusPoint Capital Management LP now owns 225,100 shares of the restaurant operator's stock worth $6,571,000 after acquiring an additional 215,746 shares during the period. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.