Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Up Following Analyst Upgrade

Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Free Report)’s stock price gapped up before the market opened on Wednesday after Truist Financial raised their price target on the stock from $75.00 to $78.00. The stock had previously closed at $61.91, but opened at $66.41. Truist Financial currently has a buy rating on the stock. Dave & Buster’s Entertainment shares last traded at $68.70, with a volume of 1,399,779 shares.

PLAY has been the topic of a number of other reports. Jefferies Financial Group boosted their target price on shares of Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the stock a “buy” rating in a report on Wednesday, March 6th. Raymond James reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Monday, March 25th. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Tuesday. TheStreet raised Dave & Buster’s Entertainment from a “c+” rating to a “b-” rating in a research report on Tuesday, January 2nd. Finally, UBS Group raised their target price on Dave & Buster’s Entertainment from $60.00 to $66.00 and gave the company a “neutral” rating in a report on Wednesday. One investment analyst has rated the stock with a sell rating, two have issued a hold rating and four have given a buy rating to the company. According to MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $64.21.

Check Out Our Latest Stock Report on Dave & Buster’s Entertainment

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, SVP John Mulleady sold 7,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total transaction of $361,875.00. Following the sale, the senior vice president now owns 57,132 shares in the company, valued at $2,756,619. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Corporate insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. BlackRock Inc. raised its stake in shares of Dave & Buster’s Entertainment by 7.2% in the first quarter. BlackRock Inc. now owns 7,207,019 shares of the restaurant operator’s stock worth $265,146,000 after acquiring an additional 484,439 shares during the last quarter. Vanguard Group Inc. lifted its holdings in Dave & Buster’s Entertainment by 0.5% during the 1st quarter. Vanguard Group Inc. now owns 5,154,666 shares of the restaurant operator’s stock worth $253,094,000 after buying an additional 26,289 shares in the last quarter. Eminence Capital LP boosted its position in Dave & Buster’s Entertainment by 331.4% in the 3rd quarter. Eminence Capital LP now owns 3,635,435 shares of the restaurant operator’s stock valued at $134,766,000 after buying an additional 2,792,780 shares during the last quarter. Nomura Holdings Inc. boosted its position in Dave & Buster’s Entertainment by 1.8% in the 3rd quarter. Nomura Holdings Inc. now owns 2,492,571 shares of the restaurant operator’s stock valued at $92,400,000 after buying an additional 43,621 shares during the last quarter. Finally, American Century Companies Inc. increased its stake in shares of Dave & Buster’s Entertainment by 7.0% in the 3rd quarter. American Century Companies Inc. now owns 2,022,415 shares of the restaurant operator’s stock valued at $74,971,000 after buying an additional 132,460 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 10.8 %

The firm has a 50 day moving average price of $59.60 and a 200-day moving average price of $48.08. The company has a debt-to-equity ratio of 6.06, a current ratio of 0.37 and a quick ratio of 0.27. The firm has a market cap of $2.76 billion, a price-to-earnings ratio of 25.16 and a beta of 2.08.

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.

Featured Stories

Receive News & Ratings for Dave & Buster's Entertainment Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Dave & Buster's Entertainment and related companies with MarketBeat.com's FREE daily email newsletter.