Dave & Buster's Entertainment (NASDAQ:PLAY - Get Rating) had its price target lifted by research analysts at Truist Financial from $57.00 to $62.00 in a report released on Thursday, Benzinga reports. The firm currently has a "buy" rating on the restaurant operator's stock. Truist Financial's price objective would suggest a potential upside of 55.94% from the company's current price.
A number of other brokerages also recently weighed in on PLAY. Piper Sandler upped their target price on Dave & Buster's Entertainment from $42.00 to $44.00 and gave the company a "neutral" rating in a report on Wednesday, June 8th. Raymond James dropped their target price on Dave & Buster's Entertainment from $60.00 to $55.00 and set a "strong-buy" rating on the stock in a report on Wednesday, July 13th. Stifel Nicolaus dropped their target price on Dave & Buster's Entertainment from $45.00 to $36.00 and set a "hold" rating on the stock in a report on Tuesday, June 21st. BMO Capital Markets upped their target price on Dave & Buster's Entertainment from $62.00 to $66.00 in a report on Wednesday, June 8th. Finally, Deutsche Bank Aktiengesellschaft initiated coverage on Dave & Buster's Entertainment in a report on Wednesday, July 13th. They issued a "hold" rating and a $37.00 price objective on the stock. One research analyst has rated the stock with a sell rating, four have issued a hold rating, five have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Dave & Buster's Entertainment currently has an average rating of "Moderate Buy" and an average target price of $50.60.
Dave & Buster's Entertainment Trading Down 9.5 %
NASDAQ PLAY traded down $4.18 on Thursday, hitting $39.76. 58,982 shares of the company were exchanged, compared to its average volume of 703,259. The company's 50 day moving average price is $38.15 and its 200-day moving average price is $39.97. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.69 and a quick ratio of 0.56. The firm has a market capitalization of $1.95 billion, a P/E ratio of 12.57, a price-to-earnings-growth ratio of 0.84 and a beta of 1.73. Dave & Buster's Entertainment has a twelve month low of $29.60 and a twelve month high of $52.54.
Dave & Buster's Entertainment (NASDAQ:PLAY - Get Rating) last posted its quarterly earnings data on Wednesday, September 7th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.07 by ($0.48). The company had revenue of $468.40 million for the quarter, compared to analyst estimates of $432.92 million. Dave & Buster's Entertainment had a return on equity of 56.54% and a net margin of 10.47%. Dave & Buster's Entertainment's quarterly revenue was up 24.0% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.07 EPS. Analysts predict that Dave & Buster's Entertainment will post 3.38 earnings per share for the current fiscal year.
Insiders Place Their Bets
In related news, CEO Christopher Daniel Morris bought 33,400 shares of the firm's stock in a transaction on Wednesday, July 13th. The stock was purchased at an average price of $30.54 per share, with a total value of $1,020,036.00. Following the completion of the transaction, the chief executive officer now directly owns 48,206 shares of the company's stock, valued at $1,472,211.24. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Company insiders own 3.21% of the company's stock.
Institutional Investors Weigh In On Dave & Buster's Entertainment
Several hedge funds have recently modified their holdings of the business. Amundi boosted its position in shares of Dave & Buster's Entertainment by 1.8% in the second quarter. Amundi now owns 447,275 shares of the restaurant operator's stock valued at $14,080,000 after acquiring an additional 7,953 shares during the period. Verition Fund Management LLC lifted its position in Dave & Buster's Entertainment by 55.4% in the second quarter. Verition Fund Management LLC now owns 19,369 shares of the restaurant operator's stock worth $635,000 after purchasing an additional 6,908 shares during the period. Prelude Capital Management LLC lifted its position in Dave & Buster's Entertainment by 65.9% in the second quarter. Prelude Capital Management LLC now owns 52,115 shares of the restaurant operator's stock worth $1,708,000 after purchasing an additional 20,703 shares during the period. Summit Global Investments bought a new position in Dave & Buster's Entertainment in the second quarter worth $325,000. Finally, Legal & General Group Plc lifted its position in Dave & Buster's Entertainment by 0.4% in the second quarter. Legal & General Group Plc now owns 115,754 shares of the restaurant operator's stock worth $3,795,000 after purchasing an additional 456 shares during the period. 99.21% of the stock is owned by institutional investors.
About Dave & Buster's Entertainment
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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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