Loop Capital Lowers Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target to $35.00

Dave & Buster's Entertainment (NASDAQ:PLAY - Free Report) had its price target reduced by Loop Capital from $45.00 to $35.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have a buy rating on the restaurant operator's stock.

A number of other equities analysts have also commented on PLAY. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Piper Sandler dropped their price target on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research report on Tuesday, April 8th. BMO Capital Markets reduced their price target on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research report on Wednesday, December 11th. Truist Financial lowered their price objective on Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating on the stock in a research note on Wednesday, April 2nd. Finally, Gordon Haskett reiterated a "hold" rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have issued a buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $33.00.

Dave & Buster's Entertainment Stock Performance

Dave & Buster's Entertainment stock traded down $0.51 during trading hours on Tuesday, hitting $17.10. The company had a trading volume of 1,160,433 shares, compared to its average volume of 1,481,392. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $59.78. The firm has a market cap of $590.21 million, a PE ratio of 8.47 and a beta of 1.86. The firm has a 50-day moving average of $20.56 and a 200 day moving average of $28.55. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share 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 analysts' expectations of $548.77 million. During the same period last year, the firm posted $0.88 EPS. The firm's revenue for the quarter was down 10.8% compared to the same quarter last year. On average, sell-side analysts expect that Dave & Buster's Entertainment will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parallax Volatility Advisers L.P. grew its holdings in shares of Dave & Buster's Entertainment by 9.3% during the 4th quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after purchasing an additional 632 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in shares of Dave & Buster's Entertainment by 4.1% in the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock valued at $537,000 after acquiring an additional 728 shares during the last quarter. KBC Group NV grew its position 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 during the last quarter. Quarry LP acquired a new position in Dave & Buster's Entertainment in the 3rd quarter worth about $47,000. Finally, MetLife Investment Management LLC raised its position in Dave & Buster's Entertainment by 7.7% in the fourth 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. Institutional investors and hedge funds own 91.45% of the company's stock.

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.