Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Receives $53.38 Consensus Price Target from Brokerages

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) has been given an average rating of "Hold" by the ten ratings firms that are presently covering the firm, MarketBeat reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 12 month target price among brokers that have issued a report on the stock in the last year is $53.38.

PLAY has been the subject of several research analyst reports. StockNews.com downgraded Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. BMO Capital Markets decreased their price target 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. Benchmark assumed coverage on shares of Dave & Buster's Entertainment in a research note on Monday, October 7th. They issued a "hold" rating on the stock. Gordon Haskett reaffirmed a "hold" rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th.

Insider Activity

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of the company's stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average cost of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares of the company's stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Kevin M. Sheehan acquired 37,735 shares of Dave & Buster's Entertainment stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, with a total value of $961,487.80. Following the completion of the acquisition, the chief executive officer now owns 139,011 shares of the company's stock, valued at $3,542,000.28. The trade was a 37.26 % increase in their position. The disclosure for this purchase can be found here. Insiders acquired 71,672 shares of company stock valued at $1,966,596 in the last three months. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Dave & Buster's Entertainment

Several large investors have recently bought and sold shares of the company. Eminence Capital LP boosted its position in shares of Dave & Buster's Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock worth $150,023,000 after buying an additional 1,542,154 shares in the last quarter. American Century Companies Inc. lifted its holdings in shares of Dave & Buster's Entertainment by 8.2% in the second quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator's stock valued at $50,411,000 after purchasing an additional 95,499 shares in the last quarter. Rubric Capital Management LP grew its position in shares of Dave & Buster's Entertainment by 104.7% in the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator's stock valued at $48,767,000 after purchasing an additional 626,497 shares during the last quarter. Dimensional Fund Advisors LP grew its position in shares of Dave & Buster's Entertainment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator's stock valued at $45,553,000 after purchasing an additional 25,138 shares during the last quarter. Finally, Barrow Hanley Mewhinney & Strauss LLC increased its stake in shares of Dave & Buster's Entertainment by 0.9% during the 2nd quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 793,767 shares of the restaurant operator's stock worth $31,600,000 after purchasing an additional 6,713 shares in the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Stock Performance

Shares of Dave & Buster's Entertainment stock traded up $0.08 on Friday, hitting $30.37. The stock had a trading volume of 896,811 shares, compared to its average volume of 1,319,206. The stock has a market cap of $1.17 billion, a price-to-earnings ratio of 15.03 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38. Dave & Buster's Entertainment has a 52-week low of $25.00 and a 52-week high of $69.82. The company's 50 day moving average price is $34.52 and its 200 day moving average price is $34.66.

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.