UBS Group Forecasts Strong Price Appreciation for Dave & Buster's Entertainment (NASDAQ:PLAY) Stock

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) had its price target boosted by equities research analysts at UBS Group from $18.00 to $29.00 in a note issued to investors on Wednesday,Benzinga reports. The firm presently has a "neutral" rating on the restaurant operator's stock. UBS Group's target price indicates a potential downside of 3.88% from the stock's current price.

Several other research analysts have also commented on the company. BMO Capital Markets cut their price objective on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research report on Wednesday, April 9th. Loop Capital cut their price objective on Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research report on Tuesday, April 8th. Truist Financial raised their price objective on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the company a "hold" rating in a research report on Thursday, June 5th. Finally, Piper Sandler cut their price objective on 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. One investment analyst has rated the stock with a sell rating, six have assigned a hold rating and two have given a buy rating to the company's stock. Based on data from MarketBeat.com, the company currently has an average rating of "Hold" and a consensus price target of $33.83.

Dave & Buster's Entertainment Trading Down 1.7%

Dave & Buster's Entertainment stock traded down $0.52 during midday trading on Wednesday, reaching $30.17. The stock had a trading volume of 1,443,422 shares, compared to its average volume of 1,445,700. Dave & Buster's Entertainment has a twelve month low of $15.08 and a twelve month high of $44.54. The stock has a market capitalization of $1.04 billion, a PE ratio of 14.94 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 stock's 50-day simple moving average is $21.12 and its 200 day simple moving average is $23.95.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts' consensus estimates of $0.96 by ($0.20). Dave & Buster's Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. During the same quarter in the previous year, the business posted $0.99 EPS. Dave & Buster's Entertainment's revenue was down 3.5% compared to the same quarter last year. Analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Institutional Trading of Dave & Buster's Entertainment

Several large investors have recently modified their holdings of the business. Parallax Volatility Advisers L.P. grew its stake in shares of Dave & Buster's Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock valued at $217,000 after acquiring an additional 632 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. grew its stake 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 acquiring an additional 728 shares in the last quarter. US Bancorp DE grew its stake 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 acquiring an additional 1,273 shares in the last quarter. MetLife Investment Management LLC grew its stake 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 acquiring an additional 1,479 shares in the last quarter. Finally, SBI Securities Co. Ltd. acquired a new position in Dave & Buster's Entertainment in the fourth quarter worth about $47,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

About Dave & Buster's Entertainment

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.