Dave & Buster’s Entertainment (NASDAQ:PLAY) Sees Large Volume Increase – Still a Buy?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) saw unusually-strong trading volume on Wednesday . Approximately 1,733,223 shares traded hands during mid-day trading, an increase of 28% from the previous session’s volume of 1,354,967 shares.The stock last traded at $20.89 and had previously closed at $17.97.

Analysts Set New Price Targets

Several brokerages have weighed in on PLAY. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. Piper Sandler reduced their target price on 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. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday. Finally, Truist Financial dropped their price target on Dave & Buster’s Entertainment from $27.00 to $22.00 and set a “hold” rating on the stock in a research note on Tuesday, September 16th. Two research analysts have rated the stock with a Buy rating, five have issued a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus price target of $25.33.

Dave & Buster’s Entertainment Price Performance

The stock has a market capitalization of $709.63 million, a PE ratio of 59.93 and a beta of 1.77. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.22 and a current ratio of 0.33. The stock’s 50-day moving average is $16.45 and its 200 day moving average is $23.07.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) EPS for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The business had revenue of $448.20 million during the quarter, compared to analyst estimates of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.46% and a return on equity of 29.24%. The business’s revenue was down 1.1% compared to the same quarter last year. During the same period in the previous year, the firm earned ($0.45) earnings per share. As a group, equities analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the stock. US Bancorp DE boosted 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 worth $27,000 after acquiring an additional 1,273 shares during the period. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $27,000. Farther Finance Advisors LLC acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $37,000. Quadrant Capital Group LLC bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $104,000. Finally, AlphaQuest LLC grew its holdings in Dave & Buster’s Entertainment by 415.9% during the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock worth $147,000 after acquiring an additional 6,525 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

About Dave & Buster’s Entertainment

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.