Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Moderate Buy” from Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned an average rating of “Moderate Buy” from the nine research firms that are covering the company, MarketBeat reports. Four research analysts have rated the stock with a hold recommendation and five have given a buy recommendation to the company. The average 1-year target price among analysts that have issued ratings on the stock in the last year is $62.57.

Several research firms have recently commented on PLAY. BMO Capital Markets decreased their price objective 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 lowered their price objective on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, August 22nd. Loop Capital cut their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, 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.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $38.01 on Friday. Dave & Buster’s Entertainment has a 1-year low of $29.31 and a 1-year high of $69.82. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The business has a 50 day moving average of $35.10 and a 200 day moving average of $39.29. The company has a market capitalization of $1.49 billion, a price-to-earnings ratio of 13.87 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) 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. The company had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.94 EPS. On average, sell-side analysts predict that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster’s Entertainment stock in a transaction on Monday, October 7th. The shares were 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 approximately $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this link. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently made changes to their positions in the company. XTX Topco Ltd raised its holdings in Dave & Buster’s Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Systematic Financial Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $224,000. Quarry LP bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $47,000. RBF Capital LLC purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at about $511,000. Finally, Centiva Capital LP bought a new stake in Dave & Buster’s Entertainment during the third quarter worth about $328,000. Hedge funds and other 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.