Dave & Buster's Entertainment's (PLAY) "Market Perform" Rating Reaffirmed at William Blair

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report)'s stock had its "market perform" rating reiterated by equities researchers at William Blair in a note issued to investors on Wednesday, MarketBeat Ratings reports.

Several other equities research analysts also recently commented on PLAY. StockNews.com downgraded Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Truist Financial decreased their price objective on shares of Dave & Buster's Entertainment from $59.00 to $56.00 and set a "buy" rating for the company in a research report on Tuesday, November 26th. BMO Capital Markets dropped their target price on shares of Dave & Buster's Entertainment from $55.00 to $51.00 and set an "outperform" rating on the stock in a report on Tuesday, November 26th. Loop Capital lowered their price target on Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, September 12th. Finally, Benchmark initiated coverage on Dave & Buster's Entertainment in a research report on Monday, October 7th. They issued a "hold" rating for the company. One analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Hold" and an average target price of $55.13.

Dave & Buster's Entertainment Stock Down 20.1 %

Dave & Buster's Entertainment stock traded down $7.39 during mid-day trading on Wednesday, reaching $29.41. The company's stock had a trading volume of 10,576,459 shares, compared to its average volume of 1,306,962. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. Dave & Buster's Entertainment has a 12 month low of $29.07 and a 12 month high of $69.82. The business's 50 day simple moving average is $36.72 and its 200 day simple moving average is $37.07. The company has a market capitalization of $1.16 billion, a price-to-earnings ratio of 10.67 and a beta of 2.13.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating analysts' consensus estimates of $0.84 by $0.28. Dave & Buster's Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the previous year, the business earned $0.94 earnings per share. Dave & Buster's Entertainment's quarterly revenue was up 2.8% on a year-over-year basis. As a group, research analysts anticipate that Dave & Buster's Entertainment will post 2.59 earnings per share for the current year.

Insider Activity at Dave & Buster's Entertainment

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of the business's stock in a transaction that occurred on Monday, October 7th. The stock was acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares of the company's stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available 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 and hedge funds have recently made changes to their positions in the company. Eminence Capital LP raised its position in Dave & Buster's Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock valued at $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. Rubric Capital Management LP raised its holdings in shares of Dave & Buster's Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator's stock worth $48,767,000 after buying an additional 626,497 shares in the last quarter. Sea Cliff Partners Management LP lifted its position in shares of Dave & Buster's Entertainment by 90.8% during the 2nd quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator's stock worth $20,504,000 after buying an additional 245,043 shares during the last quarter. Marshall Wace LLP boosted its stake in Dave & Buster's Entertainment by 36.2% in the second quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator's stock valued at $25,482,000 after buying an additional 170,286 shares in the last quarter. Finally, Hennessy Advisors Inc. bought a new position in Dave & Buster's Entertainment in the second quarter valued at about $5,191,000. Institutional investors own 91.45% of the company's stock.

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.