Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Consensus Rating of “Hold” from Brokerages

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been given an average recommendation of “Hold” by the ten analysts that are presently covering the stock, Marketbeat Ratings reports. Seven investment analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average twelve-month price objective among analysts that have updated their coverage on the stock in the last year is $51.43.

PLAY has been the topic of a number of recent analyst reports. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th.

Dave & Buster’s Entertainment Trading Down 1.5 %

PLAY opened at $27.14 on Thursday. Dave & Buster’s Entertainment has a 12-month low of $22.83 and a 12-month high of $69.82. 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 has a market capitalization of $1.04 billion, a PE ratio of 13.44 and a beta of 2.17. The firm’s fifty day moving average price is $30.54 and its 200 day moving average price is $33.20.

Insider Buying and Selling

In other news, CEO Kevin M. Sheehan purchased 19,025 shares of the business’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the transaction, the chief executive officer now owns 69,025 shares of the company’s stock, valued at $1,825,021. The trade was a 38.05 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently bought and sold shares of the stock. GDS Wealth Management grew its holdings in Dave & Buster’s Entertainment by 3.3% during the third quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after purchasing an additional 488 shares during the period. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $28,000. Cerity Partners LLC increased its holdings in Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after acquiring an additional 710 shares during the last quarter. KBC Group NV raised its stake in Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after acquiring an additional 885 shares during the period. Finally, Quarry LP bought a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $47,000. Institutional investors own 91.45% of the company’s stock.

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.