Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Receives Consensus Recommendation of "Hold" from Analysts

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) has been given an average recommendation of "Hold" by the ten research firms that are covering the stock, Marketbeat Ratings reports. Seven analysts have rated the stock with a hold rating and three have issued a buy rating on the company. The average 12 month target price among analysts that have covered the stock in the last year is $51.43.

Several equities analysts have issued reports on the stock. Loop Capital decreased their price objective on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Gordon Haskett restated a "hold" rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Truist Financial cut their price target on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, BMO Capital Markets cut their target price on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th.

Insider Buying and Selling

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of the firm's stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at approximately $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

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Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLAY. Quarry LP acquired a new stake in shares of Dave & Buster's Entertainment in the 3rd quarter worth approximately $47,000. SBI Securities Co. Ltd. acquired a new stake in Dave & Buster's Entertainment in the fourth quarter valued at $47,000. KBC Group NV grew its holdings in Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock valued at $58,000 after purchasing an additional 885 shares during the last quarter. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster's Entertainment in the third quarter valued at $121,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster's Entertainment during the 3rd quarter worth $144,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Stock Down 5.4 %

Shares of Dave & Buster's Entertainment stock traded down $1.21 during trading hours on Monday, hitting $21.33. The company had a trading volume of 1,572,726 shares, compared to its average volume of 1,587,451. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company's 50-day moving average is $26.82 and its two-hundred day moving average is $31.63. The company has a market cap of $821.27 million, a P/E ratio of 10.56 and a beta of 2.17. Dave & Buster's Entertainment has a twelve month low of $21.32 and a twelve month high of $69.82.

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.