Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Down 3.2% - What's Next?

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price fell 3.2% during mid-day trading on Friday . The company traded as low as $37.48 and last traded at $37.53. 525,972 shares traded hands during trading, a decline of 58% from the average session volume of 1,257,779 shares. The stock had previously closed at $38.77.

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Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on PLAY. BMO Capital Markets decreased their target price on Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating on the stock in a research report on Wednesday, September 11th. Loop Capital decreased 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. Truist Financial decreased their target price on 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. StockNews.com lowered Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a research report on Wednesday, September 11th. Finally, Benchmark began coverage on Dave & Buster's Entertainment in a research report on Monday, October 7th. They set a "hold" rating on the stock. One analyst has rated the stock with a sell rating, four have given a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Hold" and a consensus target price of $62.57.

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Get Our Latest Research Report on Dave & Buster's Entertainment

Dave & Buster's Entertainment Stock Down 5.5 %

The company has a market cap of $1.44 billion, a PE ratio of 13.36 and a beta of 2.15. The business has a fifty day simple moving average of $32.53 and a two-hundred day simple moving average of $41.88. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

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 the consensus estimate of $560.65 million. During the same period last year, the company earned $0.94 EPS. The company's revenue for the quarter was up 2.8% on a year-over-year basis. As a group, equities research analysts predict that Dave & Buster's Entertainment Inc will post 2.7 earnings per share for the current year.

Insiders Place Their Bets

In related news, CEO Christopher Daniel Morris bought 14,912 shares of the business's stock in a transaction on Monday, October 7th. The stock was acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the purchase, the chief executive officer now directly 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 filing with the SEC, which is available at the SEC website. Corporate insiders own 1.60% of the company's stock.

Institutional Trading of Dave & Buster's Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. Kimelman & Baird LLC acquired a new stake in shares of Dave & Buster's Entertainment during the 2nd quarter worth about $28,000. Headlands Technologies LLC increased its position in shares of Dave & Buster's Entertainment by 23.4% during the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 233 shares during the last quarter. Allspring Global Investments Holdings LLC increased its position 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 last quarter. Mackenzie Financial Corp acquired a new stake in shares of Dave & Buster's Entertainment during the 2nd quarter worth about $207,000. Finally, O Shaughnessy Asset Management LLC acquired a new stake in shares of Dave & Buster's Entertainment during the 1st quarter worth about $249,000. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster's Entertainment Company Profile

(Get Free Report)

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.

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