Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Given Average Rating of "Moderate Buy" by Analysts

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) has received an average recommendation of "Moderate Buy" from the nine brokerages that are covering the firm, Marketbeat Ratings reports. Four analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 1 year target price among brokers that have issued ratings on the stock in the last year is $62.57.

Several analysts have recently commented on the stock. Loop Capital reduced their target price on shares of Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. StockNews.com cut Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Benchmark assumed coverage on Dave & Buster's Entertainment in a research report on Monday, October 7th. They issued a "hold" rating for the company. Truist Financial decreased their price objective on shares of Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Finally, BMO Capital Markets dropped their target price on shares of Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating for the company in a report on Wednesday, September 11th.

Dave & Buster's Entertainment Trading Down 3.1 %

Shares of NASDAQ PLAY traded down $1.23 during trading on Friday, reaching $38.01. The stock had a trading volume of 848,817 shares, compared to its average volume of 1,251,076. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The company has a market cap of $1.49 billion, a P/E ratio of 13.87 and a beta of 2.13. Dave & Buster's Entertainment has a fifty-two week low of $29.31 and a fifty-two week high of $69.82. The business's 50-day moving average price is $35.25 and its 200-day moving average price is $39.18.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to analysts' expectations of $560.65 million. Dave & Buster's Entertainment had a return on equity of 51.75% and a net margin of 5.10%. During the same period last year, the firm earned $0.94 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, equities research analysts predict that Dave & Buster's Entertainment will post 2.62 EPS for the current fiscal year.

Insider Activity at Dave & Buster's Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the company's stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average price 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 of the company's stock, valued at $2,823,128.49. The trade was a 21.63 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company's stock.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in the business. SG Americas Securities LLC boosted its holdings in Dave & Buster's Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator's stock valued at $1,541,000 after purchasing an additional 36,793 shares during the period. Quadrature Capital Ltd increased its stake in Dave & Buster's Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator's stock valued at $2,647,000 after acquiring an additional 25,376 shares during the period. Edgestream Partners L.P. acquired a new position in Dave & Buster's Entertainment in the 1st quarter valued at approximately $1,417,000. Keeley Teton Advisors LLC bought a new stake in shares of Dave & Buster's Entertainment in the 1st quarter worth approximately $1,803,000. Finally, Seven Eight Capital LP bought a new stake in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $1,463,000. 91.45% of the stock is owned by institutional investors and hedge funds.

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.