Dave & Buster’s Entertainment’s (PLAY) Hold Rating Reiterated at Gordon Haskett

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “hold” rating reiterated by analysts at Gordon Haskett in a report issued on Wednesday. They currently have a $34.00 price target on the restaurant operator’s stock, down from their previous price target of $40.00. Gordon Haskett’s target price would suggest a potential downside of 7.61% from the company’s previous close.

A number of other equities research analysts have also issued reports on the stock. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Benchmark assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a research note on Tuesday, November 26th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the stock. According to MarketBeat, the company presently has a consensus rating of “Hold” and a consensus target price of $55.63.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $36.80 on Wednesday. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The firm has a market cap of $1.45 billion, a price-to-earnings ratio of 13.43 and a beta of 2.13. The business’s 50 day moving average is $36.65 and its two-hundred day moving average is $37.16.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s quarterly revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the company posted $0.94 earnings per share. Analysts forecast that Dave & Buster’s Entertainment will post 2.59 EPS for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the firm’s stock in a transaction on Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is accessible through this link. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently made changes to their positions in the business. SG Americas Securities LLC grew its holdings in Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares in the last quarter. XTX Topco Ltd boosted its position in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after acquiring an additional 33,988 shares during the period. Charles Schwab Investment Management Inc. grew its stake in shares of Dave & Buster’s Entertainment by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares in the last quarter. Eminence Capital LP increased its holdings in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after purchasing an additional 1,542,154 shares during the period. Finally, Hennessy Advisors Inc. bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at about $5,191,000. 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.