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 target price lifted by analysts at UBS Group from $18.00 to $29.00 in a report released on Wednesday,Benzinga reports. The brokerage currently has a "neutral" rating on the restaurant operator's stock. UBS Group's price target would indicate a potential downside of 5.48% from the company's current price.

Several other research analysts have also weighed in on PLAY. Loop Capital lowered their target price on shares of 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. BMO Capital Markets decreased their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a research note on Wednesday, April 9th. Truist Financial upped their price target on Dave & Buster's Entertainment from $18.00 to $22.00 and gave the stock a "hold" rating in a report on Thursday, June 5th. Finally, Piper Sandler dropped 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. One research analyst has rated the stock with a sell rating, six have assigned a hold rating and two have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of "Hold" and an average price target of $33.83.

Dave & Buster's Entertainment Stock Performance

PLAY traded up $0.22 during trading on Wednesday, reaching $30.68. The company's stock had a trading volume of 1,137,692 shares, compared to its average volume of 1,475,820. 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 company's fifty day moving average price is $20.54 and its 200-day moving average price is $24.12. The company has a market capitalization of $1.06 billion, a price-to-earnings ratio of 15.19 and a beta of 2.00. Dave & Buster's Entertainment has a 52-week low of $15.08 and a 52-week high of $51.27.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 EPS 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 business had revenue of $567.70 million during the quarter, compared to analyst estimates of $572.12 million. During the same period last year, the business posted $0.99 EPS. Dave & Buster's Entertainment's revenue was down 3.5% compared to the same quarter last year. On average, equities analysts forecast that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Several hedge funds have recently bought and sold shares of PLAY. US Bancorp DE increased its position in Dave & Buster's Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator's stock worth $27,000 after purchasing an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster's Entertainment in the 4th quarter worth approximately $47,000. Signaturefd LLC raised its holdings in Dave & Buster's Entertainment by 1,427.5% in the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator's stock valued at $75,000 after acquiring an additional 3,997 shares during the last quarter. GAMMA Investing LLC lifted its position in Dave & Buster's Entertainment by 3,974.8% during the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator's stock worth $77,000 after buying an additional 4,253 shares during the period. Finally, KLP Kapitalforvaltning AS acquired a new stake in Dave & Buster's Entertainment in the 4th quarter worth about $175,000. Hedge funds and other 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.