Dave & Buster's Entertainment (NASDAQ:PLAY) Earns Hold Rating from Truist Financial

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report)'s stock had its "hold" rating reiterated by analysts at Truist Financial in a research report issued on Wednesday, Marketbeat reports. They presently have a $36.00 price objective on the restaurant operator's stock, down from their prior price objective of $56.00. Truist Financial's target price indicates a potential upside of 22.41% from the stock's current price.

Several other research analysts have also issued reports on the stock. BMO Capital Markets decreased their price target on shares of Dave & Buster's Entertainment from $55.00 to $51.00 and set an "outperform" rating on the stock in a research report on Tuesday, November 26th. StockNews.com cut Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Benchmark began coverage on Dave & Buster's Entertainment in a research report on Monday, October 7th. They issued a "hold" rating for the company. Loop Capital reduced 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 note on Thursday, September 12th. Finally, William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of "Hold" and an average price target of $55.13.

Dave & Buster's Entertainment Price Performance

PLAY stock traded down $7.39 during trading hours on Wednesday, hitting $29.41. 10,579,684 shares of the stock traded hands, compared to its average volume of 1,306,962. The stock has a 50-day simple moving average of $36.72 and a 200 day simple moving average of $37.07. The company has a market cap of $1.16 billion, a P/E ratio of 10.67 and a beta of 2.13. Dave & Buster's Entertainment has a one year low of $29.07 and a one year high of $69.82. 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 posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share 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 company had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. During the same quarter last year, the firm posted $0.94 EPS. The business's revenue for the quarter was up 2.8% on a year-over-year basis. Equities analysts forecast that Dave & Buster's Entertainment will post 2.59 earnings per share for the current year.

Insider Activity

In other news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster's Entertainment stock in a transaction dated Monday, October 7th. The stock was 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 $2,823,128.49. This represents a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. 1.60% of the stock is currently owned by corporate insiders.

Institutional Trading of Dave & Buster's Entertainment

A number of institutional investors have recently added to or reduced their stakes in the business. SG Americas Securities LLC raised its holdings in Dave & Buster's Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator's stock valued at $1,541,000 after buying an additional 36,793 shares in the last quarter. Coronation Fund Managers Ltd. increased its holdings in shares of Dave & Buster's Entertainment by 2.9% during the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator's stock valued at $41,208,000 after acquiring an additional 29,627 shares during the last quarter. Nisa Investment Advisors LLC raised its stake in shares of Dave & Buster's Entertainment by 32.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator's stock valued at $8,222,000 after acquiring an additional 51,022 shares in the last quarter. Hennessy Advisors Inc. acquired a new stake in Dave & Buster's Entertainment in the 2nd quarter worth approximately $5,191,000. Finally, Louisiana State Employees Retirement System boosted its position in Dave & Buster's Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator's stock worth $645,000 after purchasing an additional 300 shares during the period. 91.45% of the stock is currently 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.