Dave & Buster's Entertainment - PLAY Stock Forecast, Price & News

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. The company operates its venues under the Dave & Buster's name. As of April 02, 2019, it owned and operated 125 venues in 39 states, Puerto Rico, and Canada. The company was founded in 1982 and is headquartered in Dallas, Texas.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLAY shares. BMO Capital Markets lifted their target price on Dave & Buster's Entertainment from $62.00 to $66.00 in a report on Wednesday, June 8th. Truist Financial lowered their target price on Dave & Buster's Entertainment from $67.00 to $57.00 and set a "buy" rating for the company in a report on Wednesday, July 13th. Piper Sandler lifted their target price on Dave & Buster's Entertainment from $42.00 to $44.00 and gave the stock a "neutral" rating in a report on Wednesday, June 8th. Raymond James lowered their target price on Dave & Buster's Entertainment from $60.00 to $55.00 and set a "strong-buy" rating for the company in a report on Wednesday, July 13th. Finally, Stifel Nicolaus decreased their price objective on Dave & Buster's Entertainment from $45.00 to $36.00 and set a "hold" rating for the company in a report on Tuesday, June 21st. One analyst has rated the stock with a sell rating, four have issued a hold rating, five have assigned a buy rating and one has given a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $50.10.

Dave & Buster's Entertainment Stock Performance

NASDAQ:PLAY traded down $1.43 on Wednesday, hitting $42.32. 562,237 shares of the company traded hands, compared to its average volume of 1,192,540. The business's 50 day moving average price is $35.88 and its 200-day moving average price is $39.64. Dave & Buster's Entertainment has a 52-week low of $29.60 and a 52-week high of $52.54. The company has a market capitalization of $2.07 billion, a price-to-earnings ratio of 13.52, a P/E/G ratio of 0.84 and a beta of 1.80. The company has a current ratio of 0.69, a quick ratio of 0.56 and a debt-to-equity ratio of 1.23.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Rating) last issued its earnings results on Tuesday, June 7th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.16 by $0.19. Dave & Buster's Entertainment had a return on equity of 56.54% and a net margin of 10.47%. The firm had revenue of $451.10 million for the quarter, compared to analysts' expectations of $440.63 million. During the same period in the previous year, the firm posted $0.40 earnings per share. The business's revenue was up 70.0% compared to the same quarter last year. Equities analysts expect that Dave & Buster's Entertainment will post 3.4 earnings per share for the current year.

Insider Transactions at Dave & Buster's Entertainment

In related news, CEO Christopher Daniel Morris acquired 33,400 shares of Dave & Buster's Entertainment stock in a transaction on Wednesday, July 13th. The shares were bought at an average cost of $30.54 per share, with a total value of $1,020,036.00. Following the completion of the purchase, the chief executive officer now directly owns 48,206 shares of the company's stock, valued at approximately $1,472,211.24. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 3.21% of the company's stock.