Dave & Buster’s Entertainment (NASDAQ:PLAY) Rating Increased to Hold at Zacks Research

Zacks Research upgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a strong sell rating to a hold rating in a research report sent to investors on Thursday,Zacks.com reports.

A number of other analysts have also weighed in on PLAY. Benchmark reaffirmed a “hold” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. BMO Capital Markets dropped their target price on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday. Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $30.00 to $26.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 16th. Truist Financial increased their price objective on Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the company a “hold” rating in a research report on Thursday. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. Two analysts have rated the stock with a Buy rating, five have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Hold” and an average target price of $23.80.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock traded down $0.85 during trading on Thursday, hitting $19.86. 1,119,773 shares of the stock were exchanged, compared to its average volume of 1,669,596. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. Dave & Buster’s Entertainment has a 12 month low of $13.04 and a 12 month high of $35.53. The stock’s fifty day moving average is $16.57 and its 200 day moving average is $23.03. The stock has a market cap of $688.74 million, a PE ratio of -496.38 and a beta of 1.77.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The firm had revenue of $448.20 million for the quarter, compared to analyst estimates of $460.66 million. During the same period in the previous year, the firm earned ($0.45) earnings per share. The company’s revenue for the quarter was down 1.1% on a year-over-year basis. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current year.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 0.5% during the 2nd quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after purchasing an additional 637 shares in the last quarter. Farther Finance Advisors LLC acquired a new stake in Dave & Buster’s Entertainment during the second quarter worth about $37,000. US Bancorp DE raised its holdings in Dave & Buster’s Entertainment by 442.0% in the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after acquiring an additional 1,273 shares in the last quarter. Advisory Services Network LLC acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $27,000. Finally, Ausdal Financial Partners Inc. raised its stake in shares of Dave & Buster’s Entertainment by 9.0% in the second quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock valued at $759,000 after purchasing an additional 2,078 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.