Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Given Average Rating of "Moderate Buy" by Analysts

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) have earned an average recommendation of "Moderate Buy" from the eight research firms that are currently covering the company, MarketBeat.com reports. Three equities research analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12 month price objective among brokers that have updated their coverage on the stock in the last year is $62.57.

A number of brokerages have recently issued reports on PLAY. UBS Group reduced their price objective on Dave & Buster's Entertainment from $66.00 to $56.00 and set a "neutral" rating on the stock in a research note on Wednesday, June 12th. Truist Financial reduced their price objective on Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, August 22nd. Loop Capital reduced their price objective on Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating on the stock in a research note on Thursday, September 12th. StockNews.com lowered shares of Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets dropped their target price on shares of Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating for the company in a report on Wednesday, September 11th.

Dave & Buster's Entertainment Stock Up 3.3 %

PLAY opened at $33.06 on Friday. The stock has a market cap of $1.31 billion, a PE ratio of 14.07 and a beta of 2.14. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster's Entertainment has a 52 week low of $29.31 and a 52 week high of $69.82. The business's fifty day simple moving average is $32.84 and its 200 day simple moving average is $44.97.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last announced its quarterly earnings data 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 firm had revenue of $557.10 million for the quarter, compared to analysts' expectations of $560.65 million. During the same period last year, the firm earned $0.94 earnings per share. The company's revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, research analysts expect that Dave & Buster's Entertainment will post 2.77 earnings per share for the current fiscal year.

Insiders Place Their Bets

In related news, CFO Darin Harper acquired 13,438 shares of the stock in a transaction on Wednesday, July 3rd. The stock was acquired at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the acquisition, the chief financial officer now directly owns 35,598 shares of the company's stock, valued at approximately $1,380,490.44. The purchase was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. 1.60% of the stock is currently owned by company insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Large investors have recently made changes to their positions in the business. Kimelman & Baird LLC purchased a new position in shares of Dave & Buster's Entertainment during the second quarter valued at approximately $28,000. Headlands Technologies LLC lifted its holdings in shares of Dave & Buster's Entertainment by 23.4% during the first quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator's stock valued at $77,000 after purchasing an additional 233 shares during the last quarter. O Shaughnessy Asset Management LLC purchased a new position in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $249,000. Allspring Global Investments Holdings LLC lifted its holdings in shares of Dave & Buster's Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator's stock valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Central Pacific Bank Trust Division purchased a new position in shares of Dave & Buster's Entertainment during the first quarter valued at approximately $331,000. 91.45% of the stock is currently owned by hedge funds and other 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.