Dave & Buster's Entertainment (NASDAQ:PLAY) had its price objective upped by equities researchers at Truist Securities from $42.00 to $46.00 in a research report issued to clients and investors on Thursday, Stock Target Advisor reports. Truist Securities' price target would suggest a potential downside of 0.84% from the company's previous close.
A number of other equities research analysts have also recently commented on the company. Deutsche Bank Aktiengesellschaft raised their target price on Dave & Buster's Entertainment from $41.00 to $57.00 and gave the company a "buy" rating in a research report on Monday, April 5th. Truist Financial raised their target price on Dave & Buster's Entertainment from $29.00 to $42.00 in a research report on Thursday, April 1st. William Blair upgraded Dave & Buster's Entertainment from a "market perform" rating to an "outperform" rating in a research report on Tuesday. Raymond James raised their price target on shares of Dave & Buster's Entertainment from $45.00 to $55.00 and gave the company a "strong-buy" rating in a research note on Monday, March 29th. Finally, Truist raised their target price on shares of Dave & Buster's Entertainment from $42.00 to $46.00 in a research note on Thursday. Six research analysts have rated the stock with a hold rating, six have assigned a buy rating and one has issued a strong buy rating to the company's stock. Dave & Buster's Entertainment currently has an average rating of "Buy" and an average price target of $38.69.
PLAY traded up $0.35 during midday trading on Thursday, hitting $46.39. 1,065,411 shares of the company were exchanged, compared to its average volume of 1,672,342. The company's 50 day simple moving average is $44.96 and its 200 day simple moving average is $31.98. The firm has a market capitalization of $2.21 billion, a price-to-earnings ratio of -16.45 and a beta of 2.07. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 2.72. Dave & Buster's Entertainment has a 1-year low of $8.43 and a 1-year high of $51.73.
Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, March 30th. The restaurant operator reported ($1.19) EPS for the quarter, beating the Zacks' consensus estimate of ($1.25) by $0.06. Dave & Buster's Entertainment had a negative return on equity of 60.06% and a negative net margin of 18.78%. The firm had revenue of $116.82 million for the quarter, compared to analysts' expectations of $101.25 million. On average, equities analysts anticipate that Dave & Buster's Entertainment will post -4.96 EPS for the current year.
In other news, Director Stephen M. King sold 15,000 shares of Dave & Buster's Entertainment stock in a transaction on Thursday, April 8th. The shares were sold at an average price of $44.53, for a total transaction of $667,950.00. Following the completion of the sale, the director now directly owns 61,471 shares of the company's stock, valued at approximately $2,737,303.63. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, COO Margo Lynn Manning sold 5,579 shares of the business's stock in a transaction on Thursday, March 11th. The shares were sold at an average price of $47.00, for a total transaction of $262,213.00. In the last 90 days, insiders sold 25,579 shares of company stock valued at $1,157,913. Insiders own 3.70% of the company's stock.
A number of institutional investors and hedge funds have recently modified their holdings of PLAY. Charles Schwab Investment Management Inc. lifted its stake in shares of Dave & Buster's Entertainment by 4.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 546,651 shares of the restaurant operator's stock valued at $16,411,000 after buying an additional 24,444 shares during the period. Prentice Capital Management LP acquired a new stake in Dave & Buster's Entertainment during the fourth quarter worth about $4,109,000. Price T Rowe Associates Inc. MD raised its stake in Dave & Buster's Entertainment by 47.6% during the fourth quarter. Price T Rowe Associates Inc. MD now owns 23,982 shares of the restaurant operator's stock worth $720,000 after acquiring an additional 7,735 shares during the period. Tudor Investment Corp Et Al acquired a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $332,000. Finally, The Manufacturers Life Insurance Company increased its stake in shares of Dave & Buster's Entertainment by 3.3% during the fourth quarter. The Manufacturers Life Insurance Company now owns 26,256 shares of the restaurant operator's stock valued at $788,000 after acquiring an additional 847 shares during the period. Institutional investors own 97.87% 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.
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