Dave & Buster’s Entertainment’s (PLAY) Market Perform Rating Reaffirmed at William Blair

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “market perform” rating restated by equities researchers at William Blair in a research note issued to investors on Wednesday,RTT News reports.

Several other research analysts have also issued reports on the company. BMO Capital Markets cut their price target on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Benchmark initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. One equities research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $61.57.

Dave & Buster’s Entertainment Trading Up 4.0 %

Shares of Dave & Buster’s Entertainment stock opened at $36.80 on Wednesday. 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 business’s 50 day moving average is $36.65 and its 200-day moving average is $37.16. The stock has a market cap of $1.45 billion, a P/E ratio of 13.43 and a beta of 2.13. Dave & Buster’s Entertainment has a 12-month low of $29.31 and a 12-month high of $69.82.

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

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the transaction, the chief executive officer now owns 83,847 shares of the company’s stock, valued at $2,823,128.49. The trade was a 21.63 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Large investors have recently made changes to their positions in the stock. Eminence Capital LP lifted its stake in Dave & Buster’s Entertainment by 69.3% in the second 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. American Century Companies Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 8.2% in the second quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock valued at $50,411,000 after buying an additional 95,499 shares during the last quarter. Rubric Capital Management LP grew its stake in shares of Dave & Buster’s Entertainment by 104.7% in 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 purchasing an additional 626,497 shares during the last quarter. Dimensional Fund Advisors LP increased its stake in 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 buying an additional 25,138 shares during the period. Finally, Coronation Fund Managers Ltd. raised its holdings in Dave & Buster’s Entertainment by 2.9% during the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after purchasing an additional 29,627 shares in the last quarter. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.