Raymond James Reiterates “Market Perform” Rating for Dave & Buster’s Entertainment (NASDAQ:PLAY)

Raymond James restated their market perform rating on shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) in a research note published on Monday morning, MarketBeat Ratings reports.

Other equities analysts have also issued reports about the company. TheStreet raised Dave & Buster’s Entertainment from a c+ rating to a b- rating in a report on Tuesday, January 2nd. Truist Financial upped their target price on Dave & Buster’s Entertainment from $66.00 to $75.00 and gave the company a buy rating in a report on Tuesday, February 27th. Finally, Jefferies Financial Group upped their target price on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a buy rating in a report on Wednesday, March 6th. Three equities research analysts have rated the stock with a hold rating and four have given a buy rating to the stock. According to data from MarketBeat.com, the company presently has an average rating of Moderate Buy and a consensus price target of $60.50.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $62.60 on Monday. The company has a market cap of $2.52 billion, a PE ratio of 22.93 and a beta of 2.08. Dave & Buster’s Entertainment has a 52 week low of $31.65 and a 52 week high of $64.90. The business has a 50 day moving average price of $58.77 and a 200-day moving average price of $47.41. The company has a quick ratio of 0.27, a current ratio of 0.37 and a debt-to-equity ratio of 6.06.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 7,500 shares of the stock in a transaction on Tuesday, January 16th. The stock was sold at an average price of $48.25, for a total transaction of $361,875.00. Following the completion of the transaction, the senior vice president now directly owns 57,132 shares of the company’s stock, valued at $2,756,619. The sale was disclosed in a filing with the SEC, which is available through the SEC website. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently made changes to their positions in PLAY. Point72 Europe London LLP purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $26,000. Lazard Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth $32,000. Principal Securities Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $38,000. Federated Hermes Inc. lifted its position in shares of Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after acquiring an additional 292 shares in the last quarter. Finally, FSC Wealth Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $45,000. Hedge funds and other 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.