Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Receives $61.57 Average PT from Analysts

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) have been given a consensus rating of "Hold" by the ten analysts that are presently covering the company, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12-month price objective among brokerages that have covered the stock in the last year is $55.13.

Several analysts recently commented on PLAY shares. Gordon Haskett reiterated a "hold" rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday. BMO Capital Markets cut their price objective on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research report on Wednesday. Benchmark began coverage on shares of Dave & Buster's Entertainment in a research report on Monday, October 7th. They set a "hold" rating for the company. Loop Capital cut their price objective on shares of Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating for the company in a research report on Thursday, September 12th. Finally, Truist Financial restated a "hold" rating and set a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday.

Insiders Place Their Bets

In related news, CEO Christopher Daniel Morris acquired 14,912 shares of the business's stock in a transaction dated Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the acquisition, the chief executive officer now directly owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. XTX Topco Ltd raised its holdings in Dave & Buster's Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator's stock valued at $1,832,000 after buying an additional 33,988 shares during the period. Systematic Financial Management LP purchased a new position in Dave & Buster's Entertainment in the third quarter valued at approximately $224,000. Quarry LP purchased a new position in Dave & Buster's Entertainment in the third quarter valued at approximately $47,000. RBF Capital LLC purchased a new position in Dave & Buster's Entertainment in the third quarter valued at approximately $511,000. Finally, Centiva Capital LP purchased a new position in Dave & Buster's Entertainment in the third quarter valued at approximately $328,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Stock Performance

PLAY stock traded down $7.39 on Wednesday, hitting $29.41. The company's stock had a trading volume of 10,579,684 shares, compared to its average volume of 1,306,962. The firm has a 50 day moving average of $36.72 and a two-hundred day moving average of $37.07. Dave & Buster's Entertainment has a 1 year low of $29.07 and a 1 year high of $69.82. The stock has a market cap of $1.16 billion, a price-to-earnings ratio of 10.73 and a beta of 2.13. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating the consensus estimate of $0.84 by $0.28. Dave & Buster's Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the prior year, the firm earned $0.94 EPS. Dave & Buster's Entertainment's revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts predict that Dave & Buster's Entertainment will post 2.59 EPS for the current fiscal year.

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.