Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Rating of “Moderate Buy” by Brokerages

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned an average recommendation of “Moderate Buy” from the eight brokerages that are currently covering the stock, MarketBeat reports. Three investment analysts have rated the stock with a hold recommendation and five have assigned a buy recommendation to the company. The average 12 month price target among brokerages that have covered the stock in the last year is $62.57.

A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets reduced their price objective on shares of 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 cut their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. Loop Capital decreased their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Finally, UBS Group reduced their target price on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, June 12th.

Institutional Inflows and Outflows

A number of hedge funds have recently added to or reduced their stakes in PLAY. Central Pacific Bank Trust Division boosted its stake in shares of Dave & Buster’s Entertainment by 80.1% during the 3rd quarter. Central Pacific Bank Trust Division now owns 9,246 shares of the restaurant operator’s stock worth $315,000 after acquiring an additional 4,111 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment during the second quarter worth $28,000. Sea Cliff Partners Management LP boosted its position in Dave & Buster’s Entertainment by 90.8% during the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock worth $20,504,000 after purchasing an additional 245,043 shares in the last quarter. Mackenzie Financial Corp acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $207,000. Finally, Millennium Management LLC increased its position in shares of Dave & Buster’s Entertainment by 55.2% in the second quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock valued at $8,719,000 after buying an additional 77,916 shares in the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

Dave & Buster’s Entertainment Trading Up 1.1 %

NASDAQ PLAY opened at $33.54 on Friday. Dave & Buster’s Entertainment has a one year low of $29.31 and a one year high of $69.82. The firm has a 50 day simple moving average of $32.49 and a 200-day simple moving average of $43.97. The firm has a market cap of $1.32 billion, a price-to-earnings ratio of 14.27 and a beta of 2.14. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. During the same quarter in the previous year, the firm posted $0.94 earnings per share. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.7 EPS for the current fiscal 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.