Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $21.83 Consensus PT from Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus recommendation of “Hold” from the seven analysts that are covering the stock, MarketBeat.com reports. Two analysts have rated the stock with a sell rating, three have issued a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $19.3333.

Several research analysts have commented on the stock. Zacks Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a report on Tuesday. UBS Group dropped their price objective on shares of Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating for the company in a report on Monday, April 6th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th.

Dave & Buster’s Entertainment News Roundup

Here are the key news stories impacting Dave & Buster’s Entertainment this week:

• Positive Sentiment: Management is emphasizing a back-to-basics turnaround plan centered on new games, stronger value messaging, food improvements, remodels, and tighter cash-flow discipline, which could support a recovery if execution improves. Article Title
• Positive Sentiment: Some commentary suggests internal metrics are improving at remodeled locations and that institutional investors may be accumulating shares, which could help sentiment around the stock. Article Title
• Neutral Sentiment: Analyst coverage remains focused on whether PLAY is a bargain or a value trap, reflecting mixed views rather than a clear catalyst. Article Title
• Neutral Sentiment: The company announced hiring in McKinney, which signals ongoing local expansion but is unlikely to move the stock on its own. Article Title
• Negative Sentiment: The latest quarter missed estimates on both earnings and revenue, and sales were down year over year, reinforcing concerns that the turnaround is taking longer than hoped. Article Title
• Negative Sentiment: Several reports highlighted weak comparable sales, margin pressure, and estimate cuts, which are keeping investors cautious about the company’s near-term outlook. Article Title
• Negative Sentiment: Commentary from Jim Cramer and other market coverage emphasized Dave & Buster’s long-term decline and recent underperformance versus peers, adding to the negative tone around the stock. Article Title

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the completion of the transaction, the senior vice president owned 38,547 shares of the company’s stock, valued at $566,255.43. This represents a 15.35% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 1.73% of the stock is owned by company insiders.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Quantinno Capital Management LP lifted its holdings in shares of Dave & Buster’s Entertainment by 519.0% in the 1st quarter. Quantinno Capital Management LP now owns 69,992 shares of the restaurant operator’s stock valued at $758,000 after acquiring an additional 58,685 shares during the last quarter. Saba Capital Management L.P. lifted its holdings in shares of Dave & Buster’s Entertainment by 19.4% in the 1st quarter. Saba Capital Management L.P. now owns 382,606 shares of the restaurant operator’s stock valued at $4,144,000 after acquiring an additional 62,297 shares during the last quarter. Weiss Asset Management LP bought a new position in shares of Dave & Buster’s Entertainment in the 1st quarter valued at about $1,119,000. Arrowstreet Capital Limited Partnership lifted its holdings in shares of Dave & Buster’s Entertainment by 44.9% in the 1st quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after acquiring an additional 468,174 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in shares of Dave & Buster’s Entertainment by 20.5% in the 1st quarter. First Trust Advisors LP now owns 90,649 shares of the restaurant operator’s stock valued at $982,000 after acquiring an additional 15,424 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 6.8%

Shares of PLAY stock opened at $11.95 on Friday. Dave & Buster’s Entertainment has a 52-week low of $9.61 and a 52-week high of $35.53. The company has a debt-to-equity ratio of 15.01, a quick ratio of 0.19 and a current ratio of 0.29. The firm has a market capitalization of $415.74 million, a PE ratio of -6.32 and a beta of 1.81. The stock has a fifty day simple moving average of $11.97 and a two-hundred day simple moving average of $14.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 EPS for the quarter, missing the consensus estimate of $0.60 by ($0.38). Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The company had revenue of $559.20 million for the quarter, compared to the consensus estimate of $580.60 million. During the same period last year, the company earned $0.76 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. On average, analysts predict that Dave & Buster’s Entertainment will post -1.02 EPS for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.