UBS Group Cuts 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 - Free Report) had its target price lowered by UBS Group from $29.00 to $25.00 in a research note published on Tuesday morning,Benzinga reports. The brokerage currently has a neutral rating on the restaurant operator's stock.

PLAY has been the topic of several other research reports. Piper Sandler raised their target price on shares of Dave & Buster's Entertainment from $22.00 to $30.00 and gave the company a "neutral" rating in a research note on Wednesday, June 11th. Loop Capital increased their price target on shares of 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. BMO Capital Markets increased their price target on shares of 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. Finally, Truist Financial cut their price target on shares of 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. Two analysts have rated the stock with a Buy rating, six have given a Hold rating and one has assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has an average rating of "Hold" and an average target price of $31.33.

Dave & Buster's Entertainment Trading Down 3.8%

Shares of NASDAQ PLAY traded down $0.78 during mid-day trading on Tuesday, hitting $19.61. The company's stock had a trading volume of 2,781,460 shares, compared to its average volume of 1,583,784. The stock has a market cap of $679.88 million, a price-to-earnings ratio of 57.68 and a beta of 2.04. The company has a debt-to-equity ratio of 9.32, a current ratio of 0.33 and a quick ratio of 0.17. Dave & Buster's Entertainment has a one year low of $15.08 and a one year high of $43.73. The company's fifty day simple moving average is $26.23 and its 200-day simple moving average is $23.98.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.92 by ($0.60). The business had revenue of $557.40 million during the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster's Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The firm's revenue for the quarter was up .1% compared to the same quarter last year. During the same period last year, the business posted $0.99 EPS. On average, sell-side analysts anticipate that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Tarun Lal bought 8,060 shares of the company's stock in a transaction on Tuesday, July 22nd. The shares were purchased at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the acquisition, the chief executive officer owned 8,060 shares of the company's stock, valued at approximately $251,955.60. This represents a ∞ increase in their position. The purchase was disclosed in a filing with the SEC, which can be accessed through this link. Company insiders own 2.02% of the company's stock.

Institutional Trading of Dave & Buster's Entertainment

Hedge funds have recently bought and sold shares of the stock. Signaturefd LLC raised its holdings 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 worth $75,000 after buying an additional 3,997 shares during the period. M.E. Allison & CO. Inc. acquired a new stake in shares of Dave & Buster's Entertainment in the first quarter valued at approximately $1,542,000. GAMMA Investing LLC raised its holdings in shares of Dave & Buster's Entertainment by 71,493.5% in the first quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator's stock valued at $1,346,000 after purchasing an additional 76,498 shares during the last quarter. Bank of America Corp DE raised its holdings in shares of 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 valued at $6,209,000 after purchasing an additional 71,520 shares during the last quarter. Finally, Invesco Ltd. raised its holdings in shares of Dave & Buster's Entertainment by 16.7% in the first quarter. Invesco Ltd. now owns 243,849 shares of the restaurant operator's stock valued at $4,284,000 after purchasing an additional 34,935 shares during the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.