Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Free Report) - Equities research analysts at William Blair dropped their FY2025 earnings per share (EPS) estimates for Dave & Buster's Entertainment in a research note issued on Monday, March 25th. William Blair analyst S. Zackfia now anticipates that the restaurant operator will post earnings of $4.18 per share for the year, down from their prior estimate of $4.19. The consensus estimate for Dave & Buster's Entertainment's current full-year earnings is $3.50 per share. William Blair also issued estimates for Dave & Buster's Entertainment's FY2026 earnings at $5.22 EPS.
Several other brokerages also recently weighed in on PLAY. Truist Financial lifted their target price on shares of Dave & Buster's Entertainment from $66.00 to $75.00 and gave the company a "buy" rating in a report on Tuesday, February 27th. Raymond James reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Monday. Jefferies Financial Group increased their target price on Dave & Buster's Entertainment from $60.00 to $80.00 and gave the stock a "buy" rating in a research note on Wednesday, March 6th. Finally, TheStreet upgraded Dave & Buster's Entertainment from a "c+" rating to a "b-" rating in a research note on Tuesday, January 2nd. Three equities research analysts have rated the stock with a hold rating and four have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of "Moderate Buy" and an average target price of $60.50.
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Dave & Buster's Entertainment Stock Performance
Shares of Dave & Buster's Entertainment stock traded up $1.14 during trading hours on Thursday, hitting $62.60. 1,617,894 shares of the company were exchanged, compared to its average volume of 956,020. The business has a 50-day moving average of $58.77 and a 200-day moving average of $47.41. Dave & Buster's Entertainment has a 1 year low of $31.65 and a 1 year high of $64.90. The company has a current ratio of 0.37, a quick ratio of 0.27 and a debt-to-equity ratio of 6.06. The stock has a market capitalization of $2.52 billion, a price-to-earnings ratio of 22.93 and a beta of 2.08.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Renaissance Technologies LLC increased its stake in shares of Dave & Buster's Entertainment by 213.7% during the 2nd quarter. Renaissance Technologies LLC now owns 474,700 shares of the restaurant operator's stock worth $21,153,000 after purchasing an additional 323,400 shares in the last quarter. Eminence Capital LP increased its position in Dave & Buster's Entertainment by 331.4% during the third quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator's stock worth $134,766,000 after buying an additional 2,792,780 shares in the last quarter. Healthcare of Ontario Pension Plan Trust Fund purchased a new stake in shares of Dave & Buster's Entertainment in the third quarter valued at $593,000. Coronation Fund Managers Ltd. boosted its stake in shares of Dave & Buster's Entertainment by 318.3% during the third quarter. Coronation Fund Managers Ltd. now owns 235,027 shares of the restaurant operator's stock valued at $8,712,000 after acquiring an additional 178,844 shares during the last quarter. Finally, Illinois Municipal Retirement Fund purchased a new stake in Dave & Buster's Entertainment during the 3rd quarter worth about $899,000. Institutional investors and hedge funds own 91.45% of the company's stock.
Insider Buying and Selling
In other Dave & Buster's Entertainment news, SVP John Mulleady sold 7,500 shares of the company's stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total value of $361,875.00. Following the sale, the senior vice president now owns 57,132 shares of the company's stock, valued at $2,756,619. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Insiders own 1.60% of the company's stock.
Dave & Buster's Entertainment Company Profile
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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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