Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $27.00 by Analysts at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target cut by Truist Financial from $36.00 to $27.00 in a research report sent to investors on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

PLAY has been the subject of several other research reports. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $52.25.

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock opened at $24.07 on Thursday. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. Dave & Buster’s Entertainment has a one year low of $22.83 and a one year high of $69.82. The business’s 50 day simple moving average is $32.19 and its two-hundred day simple moving average is $33.79. The stock has a market capitalization of $926.70 million, a P/E ratio of 11.92 and a beta of 2.17.

Insider Activity at Dave & Buster’s Entertainment

In other news, CEO Kevin M. Sheehan acquired 37,735 shares of the firm’s stock in a transaction dated Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the transaction, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by company insiders.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors have recently made changes to their positions in PLAY. Eminence Capital LP increased its stake in Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after acquiring an additional 1,542,154 shares during the last quarter. Rubric Capital Management LP raised its position in shares of Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after buying an additional 626,497 shares in the last quarter. Dimensional Fund Advisors LP lifted its holdings in shares of Dave & Buster’s Entertainment by 2.2% in the 2nd quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after acquiring an additional 25,138 shares during the last quarter. Barrow Hanley Mewhinney & Strauss LLC increased its stake in Dave & Buster’s Entertainment by 0.9% during the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 793,767 shares of the restaurant operator’s stock worth $31,600,000 after acquiring an additional 6,713 shares during the last quarter. Finally, Marshall Wace LLP raised its position in Dave & Buster’s Entertainment by 36.2% during the second quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock valued at $25,482,000 after purchasing an additional 170,286 shares during the period. 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.