Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target Raised to $30.00 at Piper Sandler

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price objective upped by equities research analysts at Piper Sandler from $22.00 to $30.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's target price points to a potential downside of 0.56% from the stock's current price.

A number of other equities research analysts have also commented on the company. Loop Capital raised their price target on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group boosted their price target on 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 boosted their price target on Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research report on Wednesday. Finally, BMO Capital Markets lifted their target price on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Hold" and an average price target of $33.83.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded down $0.52 during mid-day trading on Wednesday, hitting $30.17. The company's stock had a trading volume of 1,443,422 shares, compared to its average volume of 1,445,700. The stock's 50-day moving average is $21.12 and its two-hundred day moving average is $23.95. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The firm has a market capitalization of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $44.54.

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

Hedge Funds Weigh In On Dave & Buster's Entertainment

Several hedge funds have recently made changes to their positions in PLAY. US Bancorp DE grew its position in Dave & Buster's Entertainment by 442.0% during the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock worth $27,000 after buying an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. bought a new stake in shares of Dave & Buster's Entertainment in the 4th quarter valued at about $47,000. Signaturefd LLC raised its position 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 purchasing an additional 3,997 shares during the last quarter. GAMMA Investing LLC raised its holdings in shares of Dave & Buster's Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock valued at $77,000 after acquiring an additional 4,253 shares in the last quarter. Finally, Federated Hermes Inc. bought a new position in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $139,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Company Profile

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.