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

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price target lifted by investment analysts at Piper Sandler from $22.00 to $30.00 in a research report issued on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. Piper Sandler's price objective would suggest a potential downside of 2.25% from the company's current price.

A number of other equities research analysts have also weighed in on PLAY. Loop Capital lifted their price objective on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research report on Wednesday. BMO Capital Markets raised their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research report on Wednesday. UBS Group lifted their target price on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the company a "neutral" rating in a research note on Wednesday. Finally, Truist Financial increased their price target on shares of Dave & Buster's Entertainment from $22.00 to $29.00 and gave the stock a "hold" rating in a research note on Wednesday. One analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the company. According to MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $33.83.

Dave & Buster's Entertainment Trading Up 0.8%

NASDAQ:PLAY traded up $0.23 during midday trading on Wednesday, reaching $30.69. 2,093,980 shares of the stock traded hands, compared to its average volume of 1,479,455. The stock has a market capitalization of $1.06 billion, a P/E ratio of 15.19 and a beta of 2.00. 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 company has a fifty day moving average of $20.54 and a 200 day moving average of $24.12. Dave & Buster's Entertainment has a 12 month low of $15.08 and a 12 month high of $51.27.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Tuesday, June 10th. The restaurant operator reported $0.76 EPS for the quarter, missing the consensus estimate of $0.96 by ($0.20). The firm had revenue of $567.70 million for the quarter, compared to the consensus estimate 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 revenue was down 3.5% on a year-over-year basis. During the same period last year, the company posted $0.99 earnings per share. On average, research analysts predict that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Institutional investors have recently bought and sold shares of the business. Rhumbline Advisers boosted its stake in Dave & Buster's Entertainment by 3.9% during the fourth quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator's stock valued at $2,880,000 after buying an additional 3,730 shares during the last quarter. Principal Financial Group Inc. boosted its position in shares of Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock valued at $4,480,000 after acquiring an additional 3,494 shares during the last quarter. Hussman Strategic Advisors Inc. grew its holdings in shares of Dave & Buster's Entertainment by 33.3% in the fourth quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator's stock valued at $1,226,000 after purchasing an additional 10,500 shares in the last quarter. Illinois Municipal Retirement Fund grew its holdings in shares of Dave & Buster's Entertainment by 34.8% in the fourth quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator's stock valued at $662,000 after purchasing an additional 5,854 shares in the last quarter. Finally, NewEdge Wealth LLC increased its position in Dave & Buster's Entertainment by 13.4% in the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after purchasing an additional 85,820 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company's stock.

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.