Dave & Buster's Entertainment (NASDAQ:PLAY) Trading Up 3.6% - Time to Buy?

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) shot up 3.6% during mid-day trading on Tuesday . The company traded as high as $35.79 and last traded at $35.19. 83,993 shares traded hands during mid-day trading, a decline of 93% from the average session volume of 1,251,776 shares. The stock had previously closed at $33.96.

Analyst Ratings Changes

A number of research firms have weighed in on PLAY. BMO Capital Markets lowered their target price on Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating on the stock in a report on Wednesday, September 11th. Truist Financial decreased their price target on shares of Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating on the stock in a research report on Thursday, August 22nd. Benchmark initiated coverage on shares of Dave & Buster's Entertainment in a research report on Monday, October 7th. They set a "hold" rating for the company. Loop Capital lowered their target price 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, StockNews.com lowered Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, four have given a hold rating and five have assigned a buy rating to the company. According to MarketBeat, Dave & Buster's Entertainment has an average rating of "Hold" and an average price target of $62.57.

Dave & Buster's Entertainment Stock Performance

The company has a market capitalization of $1.40 billion, a P/E ratio of 15.29 and a beta of 2.15. The business has a 50 day moving average of $32.13 and a 200 day moving average of $42.32. 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 (NASDAQ:PLAY - Get Free Report) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 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 during the quarter, compared to the consensus estimate of $560.65 million. During the same period in the prior year, the company earned $0.94 EPS. The company's quarterly revenue was up 2.8% compared to the same quarter last year. On average, sell-side analysts predict that Dave & Buster's Entertainment Inc will post 2.7 earnings per share for the current year.

Insider Activity at Dave & Buster's Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction dated Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction 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. The trade was a 0.00 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

A number of large investors have recently bought and sold shares of the business. Kimelman & Baird LLC purchased a new stake in shares of Dave & Buster's Entertainment during the second quarter valued at $28,000. Headlands Technologies LLC boosted its position in Dave & Buster's Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator's stock valued at $77,000 after buying an additional 233 shares during the period. Allspring Global Investments Holdings LLC increased its position 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 worth $161,000 after acquiring an additional 4,021 shares during the period. Mackenzie Financial Corp purchased a new stake in shares of Dave & Buster's Entertainment in the second quarter valued at approximately $207,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in Dave & Buster's Entertainment during the 1st quarter valued at $249,000. Hedge funds and other institutional investors own 91.45% of the company's stock.

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.