Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Down 5.1% - What's Next?

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price was down 5.1% during mid-day trading on Tuesday . The stock traded as low as $20.17 and last traded at $20.08. Approximately 322,291 shares traded hands during mid-day trading, a decline of 78% from the average daily volume of 1,471,609 shares. The stock had previously closed at $21.16.

Analyst Upgrades and Downgrades

PLAY has been the subject of a number of recent analyst reports. Gordon Haskett reaffirmed a "hold" rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster's Entertainment in a report 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 decreased their price target on shares of Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. BMO Capital Markets reduced 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. Finally, Loop Capital dropped their target price on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Hold" and an average price target of $46.67.

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Dave & Buster's Entertainment Trading Down 4.8 %

The stock has a market cap of $726.55 million, a P/E ratio of 9.34 and a beta of 2.17. The firm's 50 day simple moving average is $22.94 and its two-hundred day simple moving average is $29.78. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Institutional Trading of Dave & Buster's Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. Intech Investment Management LLC grew its position in Dave & Buster's Entertainment by 171.4% in the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator's stock worth $731,000 after purchasing an additional 13,550 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in Dave & Buster's Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator's stock worth $15,738,000 after purchasing an additional 15,015 shares in the last quarter. Cerity Partners LLC increased its position in shares of Dave & Buster's Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator's stock valued at $790,000 after purchasing an additional 710 shares during the period. Quantbot Technologies LP acquired a new stake in shares of Dave & Buster's Entertainment in the third quarter valued at $196,000. Finally, Verition Fund Management LLC bought a new stake in Dave & Buster's Entertainment in the third quarter worth about $1,226,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.