Dave & Buster's Entertainment Inc (NASDAQ:PLAY) Receives Consensus Recommendation of "Moderate Buy" from Brokerages

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) have been given an average recommendation of "Moderate Buy" by the nine analysts that are covering the company, MarketBeat Ratings reports. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company. The average 12-month price objective among brokerages that have issued a report on the stock in the last year is $62.57.

A number of analysts recently weighed in on the company. BMO Capital Markets decreased their price objective on 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. StockNews.com cut Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research note on Wednesday, September 11th. Truist Financial dropped their price objective on shares of Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating on the stock in a report on Thursday, August 22nd. Loop Capital decreased their price target on shares of Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, September 12th. Finally, Benchmark initiated coverage on Dave & Buster's Entertainment in a report on Monday, October 7th. They issued a "hold" rating on the stock.

Insider Activity

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction that occurred 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 acquisition, the chief executive officer now owns 83,847 shares of the company's stock, valued at $2,823,128.49. This trade represents a 0.00 % increase in their position. The purchase was disclosed in a filing with the SEC, which is accessible through this hyperlink. Insiders own 1.60% of the company's stock.

Institutional Trading of Dave & Buster's Entertainment

Institutional investors have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Dave & Buster's Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator's stock valued at $1,541,000 after acquiring an additional 36,793 shares in the last quarter. Quadrature Capital Ltd grew its position in shares of Dave & Buster's Entertainment by 150.1% during the 1st quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator's stock valued at $2,647,000 after purchasing an additional 25,376 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Dave & Buster's Entertainment in the first quarter worth $1,417,000. Keeley Teton Advisors LLC purchased a new stake in shares of Dave & Buster's Entertainment in the first quarter worth $1,803,000. Finally, Quantbot Technologies LP bought a new stake in Dave & Buster's Entertainment during the first quarter valued at $2,401,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Dave & Buster's Entertainment Price Performance

Shares of NASDAQ PLAY traded down $0.88 during midday trading on Tuesday, reaching $34.55. 1,330,227 shares of the company were exchanged, compared to its average volume of 1,265,583. The stock's 50-day moving average price is $32.68 and its 200-day moving average price is $41.13. The stock has a market cap of $1.36 billion, a P/E ratio of 12.61 and a beta of 2.15. 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 one year low of $29.31 and a one year high of $69.82.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping 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 during the quarter, compared to analysts' expectations of $560.65 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The business's revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts anticipate that Dave & Buster's Entertainment will post 2.7 earnings per share for the current fiscal year.

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.