BMO Capital Markets Cuts Dave & Buster's Entertainment (NASDAQ:PLAY) Price Target to $30.00

Dave & Buster's Entertainment (NASDAQ:PLAY - Free Report) had its target price trimmed by BMO Capital Markets from $47.00 to $30.00 in a research note released on Wednesday morning,Benzinga reports. The brokerage currently has an outperform rating on the restaurant operator's stock.

Other research analysts also recently issued reports about the stock. Loop Capital decreased their target price on shares of Dave & Buster's Entertainment from $45.00 to $35.00 and set a "buy" rating on the stock in a research note on Tuesday, April 8th. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Truist Financial dropped their target price on shares of Dave & Buster's Entertainment from $27.00 to $21.00 and set a "hold" rating for the company in a report on Wednesday, April 2nd. Gordon Haskett restated a "hold" rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Finally, Piper Sandler dropped their price objective on Dave & Buster's Entertainment from $33.00 to $22.00 and set a "neutral" rating for the company in a report on Tuesday, April 8th. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has an average rating of "Hold" and a consensus price target of $33.00.

Dave & Buster's Entertainment Price Performance

PLAY stock traded down $0.07 during midday trading on Wednesday, reaching $17.03. The company had a trading volume of 361,739 shares, compared to its average volume of 1,470,349. The firm has a 50-day moving average price of $20.56 and a 200-day moving average price of $28.51. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company has a market capitalization of $587.79 million, a P/E ratio of 8.43 and a beta of 1.86. Dave & Buster's Entertainment has a 1 year low of $15.08 and a 1 year high of $57.41.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, topping analysts' consensus estimates of $0.64 by $0.05. The company had revenue of $534.50 million during the quarter, compared to the consensus estimate of $548.77 million. Dave & Buster's Entertainment had a return on equity of 44.22% and a net margin of 3.88%. Dave & Buster's Entertainment's quarterly revenue was down 10.8% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.88 EPS. On average, research analysts anticipate that Dave & Buster's Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the business. Quarry LP purchased a new stake in Dave & Buster's Entertainment during the 3rd quarter valued at about $47,000. SBI Securities Co. Ltd. bought a new stake in Dave & Buster's Entertainment during the fourth quarter valued at approximately $47,000. KBC Group NV increased its stake in shares of Dave & Buster's Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 885 shares in the last quarter. KLP Kapitalforvaltning AS bought a new position in shares of Dave & Buster's Entertainment in the fourth quarter worth about $175,000. Finally, Aristides Capital LLC purchased a new position in shares of Dave & Buster's Entertainment during the 4th quarter valued at about $207,000. 91.45% of the stock is currently owned by 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.