UBS Group Lowers Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target to $25.00

Key Points

• UBS Group has lowered its price target for Dave & Buster's Entertainment from $29.00 to $25.00, maintaining a "neutral" rating, indicating a potential upside of 22.23% from the current price.
• Despite UBS's downgrade, other brokerages like Loop Capital and BMO Capital Markets have raised their price targets, suggesting a mixed outlook for the stock.
• Dave & Buster's reported earnings per share of $0.32, missing estimates by $0.60, with revenue slightly increasing by 0.1% year-over-year despite the overall disappointing results.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price objective decreased by stock analysts at UBS Group from $29.00 to $25.00 in a report issued on Tuesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price suggests a potential upside of 22.23% from the stock's current price.

A number of other brokerages have also recently commented on PLAY. Truist Financial dropped their price target on Dave & Buster's Entertainment from $29.00 to $27.00 and set a "hold" rating on the stock in a research report on Wednesday, August 27th. Loop Capital upped their price objective on Dave & Buster's Entertainment from $35.00 to $46.00 and gave the company a "buy" rating in a research report on Wednesday, June 11th. Piper Sandler upped their price objective on Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research report on Wednesday, June 11th. Finally, BMO Capital Markets upped their price objective on Dave & Buster's Entertainment from $30.00 to $35.00 and gave the company an "outperform" rating in a research report on Wednesday, June 11th. Two research analysts have rated the stock with a Buy rating and six have given a Hold rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $32.83.

Dave & Buster's Entertainment Stock Performance

Dave & Buster's Entertainment stock opened at $20.45 on Tuesday. The stock's 50 day simple moving average is $27.19 and its two-hundred day simple moving average is $24.01. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26. The stock has a market cap of $707.30 million, a price-to-earnings ratio of 20.36 and a beta of 2.04. Dave & Buster's Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $43.73.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 EPS for the quarter, missing analysts' consensus estimates of $0.92 by ($0.60). Dave & Buster's Entertainment had a return on equity of 40.67% and a net margin of 1.83%.The company had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. During the same period in the prior year, the firm earned $0.99 earnings per share. The business's revenue for the quarter was up .1% compared to the same quarter last year. As a group, analysts expect that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster's Entertainment

In other news, CEO Tarun Lal acquired 8,060 shares of the business's stock in a transaction dated Tuesday, July 22nd. The stock was purchased at an average price of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at approximately $251,955.60. This trade represents a ∞ increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. 2.02% of the stock is currently owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in PLAY. Ameriprise Financial Inc. lifted its holdings in shares of Dave & Buster's Entertainment by 7.1% in the 4th quarter. Ameriprise Financial Inc. now owns 123,246 shares of the restaurant operator's stock valued at $3,598,000 after acquiring an additional 8,159 shares during the last quarter. Bank of America Corp DE lifted its stake in Dave & Buster's Entertainment by 50.7% in the fourth quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator's stock worth $6,209,000 after purchasing an additional 71,520 shares during the last quarter. Deutsche Bank AG lifted its stake in Dave & Buster's Entertainment by 50.9% in the fourth quarter. Deutsche Bank AG now owns 30,120 shares of the restaurant operator's stock worth $879,000 after purchasing an additional 10,163 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. lifted its stake in Dave & Buster's Entertainment by 4.1% in the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator's stock worth $537,000 after purchasing an additional 728 shares during the last quarter. Finally, ProShare Advisors LLC lifted its stake in Dave & Buster's Entertainment by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator's stock worth $284,000 after purchasing an additional 2,996 shares during 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.

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