Dave & Buster's Entertainment (NASDAQ:PLAY) Receives "Hold" Rating from Gordon Haskett

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report)'s stock had its "hold" rating reaffirmed by analysts at Gordon Haskett in a research note issued on Wednesday, MarketBeat Ratings reports. They currently have a $34.00 price target on the restaurant operator's stock, down from their previous price target of $40.00. Gordon Haskett's target price suggests a potential upside of 15.61% from the company's current price.

PLAY has been the topic of a number of other research reports. Benchmark started coverage on Dave & Buster's Entertainment in a report on Monday, October 7th. They issued a "hold" rating on the stock. BMO Capital Markets reduced their target price on shares of Dave & Buster's Entertainment from $55.00 to $51.00 and set an "outperform" rating for the company in a research note on Tuesday, November 26th. Truist Financial reiterated a "hold" rating and set a $36.00 price target (down from $56.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday. William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday. Finally, Loop Capital lowered their price objective on Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Hold" and a consensus target price of $55.13.

Dave & Buster's Entertainment Stock Performance

Shares of PLAY traded down $7.39 during midday trading on Wednesday, reaching $29.41. 10,579,684 shares of the stock were exchanged, compared to its average volume of 1,306,962. Dave & Buster's Entertainment has a twelve month low of $29.07 and a twelve month high of $69.82. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.73 and a beta of 2.13. The business's 50-day moving average price is $36.72 and its 200 day moving average price is $37.07.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating analysts' consensus estimates of $0.84 by $0.28. The company had revenue of $557.10 million during 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%. The firm's revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that Dave & Buster's Entertainment will post 2.59 EPS for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of Dave & Buster's Entertainment stock in a transaction on Monday, October 7th. The shares were bought at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now directly owns 83,847 shares of the company's stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors have recently modified their holdings of the stock. Kimelman & Baird LLC purchased a new position in Dave & Buster's Entertainment in the 2nd quarter valued at about $28,000. Quarry LP purchased a new position in shares of Dave & Buster's Entertainment during the third quarter valued at approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Dave & Buster's Entertainment during the third quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dave & Buster's Entertainment in the 3rd quarter worth approximately $144,000. Finally, Allspring Global Investments Holdings LLC lifted its stake in shares of Dave & Buster's Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator's stock worth $161,000 after purchasing an additional 4,021 shares during the period. 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.