Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 6.7% – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was down 6.7% during trading on Friday . The stock traded as low as $16.48 and last traded at $16.43. Approximately 200,660 shares were traded during mid-day trading, a decline of 86% from the average daily volume of 1,476,378 shares. The stock had previously closed at $17.62.

Analyst Ratings Changes

Several equities research analysts have weighed in on the stock. Piper Sandler dropped their price target on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research report on Tuesday. Loop Capital dropped their target price on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a report on Tuesday. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Finally, Truist Financial dropped their price objective on Dave & Buster’s Entertainment from $27.00 to $21.00 and set a “hold” rating for the company in a report on Wednesday, April 2nd. One research analyst has rated the stock with a sell rating, six have issued a hold rating and two have given a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $33.00.

Dave & Buster’s Entertainment Trading Down 2.7 %

The company has a market capitalization of $660.33 million, a P/E ratio of 8.49 and a beta of 1.86. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock’s 50 day moving average is $20.77 and its 200-day moving average is $28.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, April 7th. The restaurant operator reported $0.69 earnings per share for the quarter, beating analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The business had revenue of $534.50 million during the quarter, compared to analyst estimates of $548.77 million. During the same period last year, the business earned $0.88 EPS. Dave & Buster’s Entertainment’s revenue was down 10.8% compared to the same quarter last year. As a group, equities research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.52 earnings per share for the current year.

Institutional Inflows and Outflows

Several institutional investors have recently made changes to their positions in PLAY. Clare Market Investments LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $540,000. Raymond James Financial Inc. bought a new stake in Dave & Buster’s Entertainment during the 4th quarter valued at approximately $3,677,000. Principal Financial Group Inc. raised its stake in Dave & Buster’s Entertainment by 2.3% during the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after purchasing an additional 3,494 shares during the period. Intech Investment Management LLC lifted its holdings in Dave & Buster’s Entertainment by 68.8% in the 4th quarter. Intech Investment Management LLC now owns 36,215 shares of the restaurant operator’s stock worth $1,057,000 after purchasing an additional 14,759 shares in the last quarter. Finally, Sciencast Management LP bought a new position in Dave & Buster’s Entertainment in the 4th quarter worth approximately $577,000. 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.