Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Recommendation of “Moderate Buy” from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating ) has been given an average recommendation of “Moderate Buy” by the nine ratings firms that are presently covering the firm, Marketbeat Ratings reports. Three research analysts have rated the stock with a hold recommendation, five have assigned a buy recommendation and one has given a strong buy recommendation to the company. The average twelve-month price objective among brokers that have covered the stock in the last year is $50.00.

Several analysts recently commented on the company. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a research report on Wednesday, December 7th. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, December 7th. Deutsche Bank Aktiengesellschaft upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $48.00 price target for the company in a research report on Tuesday, November 8th. Finally, Piper Sandler dropped their target price on Dave & Buster’s Entertainment from $44.00 to $34.00 and set a “neutral” rating for the company in a report on Wednesday, October 5th.

Dave & Buster’s Entertainment rose 2.3%

Shares of PLAY stock opened at $41.09 on Wednesday. The company has a debt-to-equity ratio of 3.39, a current ratio of 0.58, and a quick ratio of 0.46. The company has a market cap of $1.98 billion, a price-to-earnings ratio of 16.44 and a beta of 1.83. The stock has a 50-day simple moving average of $36.94 and a 200-day simple moving average of $36.75. Dave & Buster’s Entertainment has a 1 year low of $29.60 and a 1 year high of $52.54.

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Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last issued its quarterly earnings results on Tuesday, December 6th. The restaurant operator reported $0.04 EPS for the quarter, topping the consensus estimate of $0.03 by $0.01. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net margin of 7.09%. The firm had revenue of $481.21 million for the quarter, compared to analysts’ expectations of $470.78 million. During the same period in the prior year, the business earned $0.21 earnings per share. The firm’s revenue for the quarter was up 51.3% on a year-over-year basis. On average, equities research analysts expect that Dave & Buster’s Entertainment will post 2.72 EPS for the current fiscal year.

Insider Deals at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, insider Path D. Fund Lp Hill bought 15,000 shares of the stock in a transaction dated Thursday, December 29th. The stock was acquired at an average cost of $34.90 per share, for a total transaction of $523,500.00. Following the acquisition, the insider now owns 1,290,842 shares in the company, valued at approximately $45,050,385.80. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. In other news, insider Path D. Fund Lp Hill purchased 250,000 shares of the firm’s stock in a transaction that occurred on Monday, December 19th. The shares were purchased at an average price of $33.51 per share, with a total value of $8,377,500.00. Following the purchase, the insider now owns 640,412 shares in the company, valued at $21,460,206.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC website. Also, insider Path D. Fund Lp Hill purchased 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, December 29th. The shares were purchased at an average cost of $34.90 per share, for a total transaction of $523,500.00. Following the purchase, the insider now owns 1,290,842 shares in the company, valued at approximately $45,050,385.80. The disclosure for this purchase can be found here. In the last ninety days, insiders have acquired 1,028,438 shares of company stock valued at $35,211,974. 3.21% of the stock is currently owned by company insiders.

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Hedge funds are weighing in on Dave & Buster’s Entertainment

Hedge funds have recently bought and sold shares of the company. WINTON GROUP Ltd acquired a new position in Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $373,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth about $428,000. MGO One Seven LLC raised its position in Dave & Buster’s Entertainment by 11.8% in the 2nd quarter. MGO One Seven LLC now owns 6,874 shares of the restaurant operator’s stock valued at $225,000 after purchasing an additional 726 shares in the last quarter. ClariVest Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth about $2,180,000. Finally, Steward Partners Investment Advisory LLC boosted its position in Dave & Buster’s Entertainment by 59.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,273 shares of the restaurant operator’s stock valued at $107,000 after buying an additional 1,216 shares in the last quarter. Institutional investors and hedge funds own 99.21% of the company’s shares.

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Dave & Buster’s Entertainment Company Profile

(Get rating)

Dave & Buster’s Entertainment, Inc. owns and operates entertainment and dining venues for adults and families. Its premises offer a menu of appetizers and entrees, as well as a variety of non-alcoholic and alcoholic drinks; and a variety of entertainment attractions centered around playing games and watching live sports and other television events.

Further reading

Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

This instant news alert was generated using narrative science technology and financial data from MarketBeat to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat’s editorial staff prior to publication. Please send any questions or comments about this story to [email protected]

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