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 earned an average recommendation of "Hold" from the ten analysts that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold recommendation and three have issued a buy recommendation on the company. The average 12 month target price among brokers that have issued ratings on the stock in the last year is $51.43.

Several equities research analysts have recently weighed in on PLAY shares. Loop Capital reduced their price objective on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. Benchmark assumed coverage on shares of Dave & Buster's Entertainment in a report on Monday, October 7th. They issued a "hold" rating for the company. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Truist Financial cut their price objective on shares of Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th.

Dave & Buster's Entertainment Stock Performance

Shares of Dave & Buster's Entertainment stock traded down $0.06 during trading on Thursday, reaching $27.08. The company's stock had a trading volume of 1,599,744 shares, compared to its average volume of 1,926,713. Dave & Buster's Entertainment has a one year low of $22.83 and a one year high of $69.82. 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 firm has a market cap of $1.04 billion, a price-to-earnings ratio of 13.41 and a beta of 2.17. The business's fifty day moving average price is $30.40 and its 200-day moving average price is $33.16.

Insider Buying and Selling at Dave & Buster's Entertainment

In other news, CEO Kevin M. Sheehan acquired 19,025 shares of the company's stock in a transaction dated Thursday, December 19th. The stock was bought 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 position. The acquisition was disclosed in a document filed with the SEC, which is available through this hyperlink. Company insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Dave & Buster's Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of PLAY. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster's Entertainment during the second quarter worth $28,000. Quarry LP acquired a new stake in shares of Dave & Buster's Entertainment in the third quarter valued at approximately $47,000. KBC Group NV raised its position in Dave & Buster's Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 885 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in Dave & Buster's Entertainment during the 3rd quarter worth $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster's Entertainment in the 3rd quarter valued at $144,000. 91.45% of the stock is 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.