Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Expected to Rise, Truist Financial Analyst Says

Dave & Buster's Entertainment (NASDAQ:PLAY - Free Report) had its price target boosted by Truist Financial from $22.00 to $29.00 in a research note released on Wednesday,Benzinga reports. Truist Financial currently has a hold rating on the restaurant operator's stock.

Other equities analysts have also recently issued research reports about the stock. Piper Sandler decreased their target price on shares of Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets lifted their target price on shares of Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research note on Wednesday. Loop Capital boosted their price objective on shares of Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research note on Wednesday. Finally, UBS Group boosted their price objective on shares of Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have issued a hold rating and two have assigned a buy rating to the company's stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Down 1.7%

Shares of PLAY traded down $0.52 during trading hours on Wednesday, reaching $30.17. 1,443,422 shares of the stock traded hands, compared to its average volume of 1,445,700. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock has a fifty day simple moving average of $21.12 and a 200 day simple moving average of $23.95. Dave & Buster's Entertainment has a 52 week low of $15.08 and a 52 week high of $44.54. The company has a market cap of $1.04 billion, a price-to-earnings ratio of 14.94 and a beta of 2.00.

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

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the company. Parallax Volatility Advisers L.P. lifted its stake in shares of Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after buying an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in shares of Dave & Buster's Entertainment by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock valued at $537,000 after purchasing an additional 728 shares during the last quarter. US Bancorp DE raised its holdings in shares of 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 valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. MetLife Investment Management LLC raised its holdings in shares of Dave & Buster's Entertainment by 7.7% during 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. Finally, SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. 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.