Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Given Consensus Recommendation of "Hold" by Brokerages

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) have been given a consensus rating of "Hold" by the eight brokerages that are presently covering the firm, MarketBeat Ratings reports. Six analysts have rated the stock with a hold recommendation and two have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $33.00.

A number of research firms recently issued reports on PLAY. BMO Capital Markets lowered their price target on Dave & Buster's Entertainment from $47.00 to $30.00 and set an "outperform" rating on the stock in a report on Wednesday, April 9th. Piper Sandler cut their price target 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. Loop Capital lowered their price objective 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. Finally, Truist Financial cut their price objective on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a research report on Wednesday, April 2nd.

Institutional Trading of Dave & Buster's Entertainment

A number of hedge funds have recently added to or reduced their stakes in PLAY. Eminence Capital LP lifted its holdings in shares of Dave & Buster's Entertainment by 3.6% during the 4th quarter. Eminence Capital LP now owns 3,845,454 shares of the restaurant operator's stock worth $112,249,000 after acquiring an additional 135,095 shares during the period. Patient Capital Management LLC increased its position in Dave & Buster's Entertainment by 36.6% during the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator's stock worth $51,878,000 after purchasing an additional 476,662 shares during the last quarter. Clearline Capital LP raised its stake in Dave & Buster's Entertainment by 1,768.8% during the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator's stock worth $33,458,000 after purchasing an additional 1,084,890 shares during the period. NewEdge Wealth LLC raised its stake in Dave & Buster's Entertainment by 13.4% during the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator's stock worth $21,235,000 after purchasing an additional 85,820 shares during the period. Finally, Boston Partners boosted its holdings in shares of Dave & Buster's Entertainment by 132.5% in the 4th quarter. Boston Partners now owns 567,734 shares of the restaurant operator's stock valued at $16,563,000 after purchasing an additional 323,595 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Price Performance

PLAY stock traded up $1.69 during mid-day trading on Tuesday, reaching $19.98. The company's stock had a trading volume of 1,827,835 shares, compared to its average volume of 1,474,626. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The company's 50 day moving average is $19.86 and its two-hundred day moving average is $28.07. Dave & Buster's Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $57.10. The stock has a market cap of $689.61 million, a PE ratio of 9.89 and a beta of 1.86.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, beating analysts' consensus estimates of $0.64 by $0.05. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $534.50 million for the quarter, compared to analysts' expectations of $548.77 million. During the same period in the prior year, the firm posted $0.88 earnings per share. The firm's quarterly revenue was down 10.8% on a year-over-year basis. Equities research analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

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.