Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $29.79

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus rating of “Hold” from the seventeen research firms that are presently covering the firm, MarketBeat Ratings reports. Eleven investment analysts have rated the stock with a hold recommendation and five have issued a buy recommendation on the company. The average 12-month price objective among analysts that have issued a report on the stock in the last year is $29.79.

Several brokerages recently commented on PLAY. TheStreet cut Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a research report on Thursday, June 11th. BMO Capital Markets increased their target price on Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the stock a “market perform” rating in a research note on Friday, June 12th. Longbow Research lowered their price objective on Dave & Buster’s Entertainment from $50.00 to $18.00 and set a “buy” rating on the stock in a research note on Monday, April 6th. ValuEngine raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating in a report on Monday, June 1st. Finally, Piper Sandler downgraded Dave & Buster’s Entertainment from an “overweight” rating to a “neutral” rating and cut their price objective for the company from $44.00 to $7.00 in a report on Tuesday, March 17th.

In other news, Director Stephen M. King sold 10,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 26th. The stock was sold at an average price of $12.90, for a total value of $129,000.00. Following the transaction, the director now owns 76,483 shares in the company, valued at approximately $986,630.70. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, CEO Brian Jenkins sold 13,370 shares of the business’s stock in a transaction that occurred on Wednesday, June 24th. The stock was sold at an average price of $15.40, for a total value of $205,898.00. Following the completion of the transaction, the chief executive officer now owns 166,912 shares in the company, valued at approximately $2,570,444.80. The disclosure for this sale can be found here. Insiders have sold a total of 62,178 shares of company stock valued at $835,521 in the last quarter. Company insiders own 3.70% of the company’s stock.

A number of institutional investors have recently bought and sold shares of PLAY. State Street Corp increased its stake in shares of Dave & Buster’s Entertainment by 5.6% during the first quarter. State Street Corp now owns 980,290 shares of the restaurant operator’s stock valued at $12,822,000 after purchasing an additional 52,292 shares in the last quarter. Royal Bank of Canada increased its holdings in shares of Dave & Buster’s Entertainment by 120.6% in the 1st quarter. Royal Bank of Canada now owns 24,307 shares of the restaurant operator’s stock worth $318,000 after buying an additional 13,288 shares during the last quarter. Public Employees Retirement Association of Colorado increased its holdings in shares of Dave & Buster’s Entertainment by 57.6% in the 1st quarter. Public Employees Retirement Association of Colorado now owns 7,652 shares of the restaurant operator’s stock worth $100,000 after buying an additional 2,798 shares during the last quarter. Morgan Stanley increased its holdings in shares of Dave & Buster’s Entertainment by 13.2% in the 1st quarter. Morgan Stanley now owns 288,312 shares of the restaurant operator’s stock worth $3,771,000 after buying an additional 33,564 shares during the last quarter. Finally, RBF Capital LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth about $915,000. Institutional investors and hedge funds own 89.10% of the company’s stock.

Shares of NASDAQ:PLAY opened at $13.82 on Tuesday. Dave & Buster’s Entertainment has a 1-year low of $4.61 and a 1-year high of $48.80. The firm has a market capitalization of $673.11 million, a PE ratio of 39.47 and a beta of 1.56. The business’s 50 day moving average is $14.00 and its 200-day moving average is $26.58. The company has a current ratio of 0.73, a quick ratio of 0.62 and a debt-to-equity ratio of 10.36.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Thursday, June 11th. The restaurant operator reported ($1.37) earnings per share for the quarter, missing the Thomson Reuters’ consensus estimate of ($0.85) by ($0.52). Dave & Buster’s Entertainment had a return on equity of 8.89% and a net margin of 1.24%. The firm had revenue of $159.80 million for the quarter, compared to analyst estimates of $167.83 million. During the same period in the previous year, the business posted $1.13 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was down 56.1% compared to the same quarter last year. On average, sell-side analysts predict that Dave & Buster’s Entertainment will post -3.42 EPS for the current year.

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.

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Analyst Recommendations for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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