Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives $19.33 Average PT from Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has earned a consensus recommendation of “Hold” from the nine research firms that are currently covering the company, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have assigned a buy rating to the company. The average 1-year price target among analysts that have updated their coverage on the stock in the last year is $19.3333.

PLAY has been the subject of a number of recent analyst reports. Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. BMO Capital Markets lowered their target price on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating for the company in a research note on Tuesday, June 16th. Citizens Jmp started coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company. Finally, Zacks Research downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Thursday, April 2nd.

Dave & Buster’s Entertainment Price Performance

NASDAQ:PLAY opened at $10.29 on Thursday. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The firm has a market cap of $357.99 million, a PE ratio of -5.44 and a beta of 1.84. Dave & Buster’s Entertainment has a 12 month low of $9.40 and a 12 month high of $35.38. The company’s 50-day moving average price is $11.32 and its two-hundred day moving average price is $13.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Monday, June 15th. The restaurant operator reported $0.22 earnings per share for the quarter, missing the consensus estimate of $0.60 by ($0.38). The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The business’s quarterly revenue was down 1.5% on a year-over-year basis. During the same period in the previous year, the business posted $0.76 EPS. On average, equities analysts anticipate that Dave & Buster’s Entertainment will post -1.1 EPS for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP Steve Klohn sold 6,989 shares of the business’s stock in a transaction dated Friday, April 17th. The shares were sold at an average price of $14.69, for a total value of $102,668.41. Following the completion of the transaction, the senior vice president directly owned 38,547 shares of the company’s stock, valued at approximately $566,255.43. The trade was a 15.35% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 1.73% of the company’s stock.

Institutional Inflows and Outflows

Several large investors have recently bought and sold shares of PLAY. Nomura Holdings Inc. increased its stake in shares of Dave & Buster’s Entertainment by 532.9% in the 3rd quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after buying an additional 2,030,186 shares during the period. Clearline Capital LP lifted its stake in shares of Dave & Buster’s Entertainment by 20.4% during the third quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after acquiring an additional 274,541 shares during the period. Healthcare of Ontario Pension Plan Trust Fund lifted its stake in shares of Dave & Buster’s Entertainment by 40.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator’s stock valued at $24,558,000 after acquiring an additional 434,000 shares during the period. Goldman Sachs Group Inc. boosted its holdings in Dave & Buster’s Entertainment by 22.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,511,591 shares of the restaurant operator’s stock valued at $24,503,000 after acquiring an additional 276,064 shares during the last quarter. Finally, Arrowstreet Capital Limited Partnership boosted its holdings in Dave & Buster’s Entertainment by 44.9% in the first 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. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.