Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target Raised to $29.00

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

PLAY has been the subject of several other reports. BMO Capital Markets raised their price objective on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the stock an "outperform" rating in a research note on Wednesday. UBS Group raised their price objective on Dave & Buster's Entertainment from $18.00 to $29.00 and gave the stock a "neutral" rating in a research note on Wednesday. Piper Sandler reduced their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a research note on Tuesday, April 8th. Finally, Loop Capital raised their target price on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the stock a "buy" rating in a research report 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.com, the company presently has a consensus rating of "Hold" and a consensus target price of $33.83.

Dave & Buster's Entertainment Stock Performance

PLAY traded down $0.52 during trading hours on Wednesday, hitting $30.17. The company's stock had a trading volume of 1,443,422 shares, compared to its average volume of 1,450,391. Dave & Buster's Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $44.65. 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 firm has a market capitalization of $1.04 billion, a PE ratio of 14.94 and a beta of 2.00. The company has a 50-day simple moving average of $21.12 and a 200 day simple moving average of $24.04.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results 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 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 for the quarter was down 3.5% compared to the same quarter last year. During the same period in the previous year, the business posted $0.99 earnings per share. As a group, sell-side analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Institutional Trading of Dave & Buster's Entertainment

Large investors have recently made changes to their positions in the stock. Clare Market Investments LLC bought a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth about $540,000. Quinn Opportunity Partners LLC bought a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth about $1,943,000. Raymond James Financial Inc. bought a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth about $3,677,000. Principal Financial Group Inc. boosted its stake 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 worth $4,480,000 after acquiring an additional 3,494 shares in the last quarter. Finally, Bank of America Corp DE boosted its stake in shares of Dave & Buster's Entertainment by 50.7% during the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock worth $6,209,000 after acquiring an additional 71,520 shares in the last quarter. 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.