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 a consensus recommendation of "Hold" from the eight research firms that are currently covering the firm, MarketBeat.com reports. Six investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average 12 month price objective among brokerages that have updated their coverage on the stock in the last year is $46.67.

A number of analysts have recently weighed in on the stock. Gordon Haskett reiterated a "hold" rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. BMO Capital Markets dropped their price objective on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a research note on Wednesday, December 11th. William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Truist Financial dropped their price target on shares of Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating on the stock in a research report on Thursday, January 16th. Finally, Loop Capital cut their price objective on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a report on Thursday, December 12th.

Dave & Buster's Entertainment Stock Performance

Shares of NASDAQ PLAY traded down $0.91 during midday trading on Friday, reaching $20.25. The company had a trading volume of 922,089 shares, compared to its average volume of 1,471,609. Dave & Buster's Entertainment has a 1 year low of $17.02 and a 1 year high of $69.82. The business's 50-day simple moving average is $23.35 and its 200 day simple moving average is $30.08. 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 stock has a market cap of $779.69 million, a P/E ratio of 10.02 and a beta of 2.17.

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Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently bought and sold shares of the stock. Clare Market Investments LLC acquired a new position in shares of Dave & Buster's Entertainment during the fourth quarter valued at approximately $540,000. XTX Topco Ltd increased its position in shares of Dave & Buster's Entertainment by 171.5% during the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator's stock worth $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dave & Buster's Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator's stock valued at $15,738,000 after purchasing an additional 15,015 shares in the last quarter. Principal Financial Group Inc. boosted its stake in Dave & Buster's Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator's stock worth $4,480,000 after purchasing an additional 3,494 shares during the last quarter. Finally, SBI Securities Co. Ltd. purchased a new stake in shares of Dave & Buster's Entertainment during the fourth quarter worth $47,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.