Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 4.4% – Here’s What Happened

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares fell 4.4% during mid-day trading on Friday . The company traded as low as $17.29 and last traded at $17.2320. 215,555 shares changed hands during mid-day trading, a decline of 84% from the average session volume of 1,367,934 shares. The stock had previously closed at $18.03.

Wall Street Analyst Weigh In

A number of analysts have commented on PLAY shares. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research note on Thursday, December 11th. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. UBS Group reissued a “neutral” rating and set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research report on Friday, December 5th. Benchmark reaffirmed a “hold” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Finally, Truist Financial boosted their price objective on Dave & Buster’s Entertainment from $22.00 to $23.00 and gave the stock a “hold” rating in a report on Thursday, December 11th. Two analysts have rated the stock with a Buy rating, five have given a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $23.80.

Dave & Buster’s Entertainment Trading Down 5.3%

The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. The firm’s fifty day moving average is $16.65 and its two-hundred day moving average is $22.93. The firm has a market capitalization of $592.33 million, a PE ratio of -426.14 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) EPS for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The firm had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. During the same period in the prior year, the business earned ($0.45) EPS. Dave & Buster’s Entertainment’s quarterly revenue was down 1.1% compared to the same quarter last year. On average, equities analysts predict that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently modified their holdings of PLAY. Raymond James Financial Inc. raised its stake in shares of Dave & Buster’s Entertainment by 0.5% in the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock valued at $3,665,000 after buying an additional 637 shares during the period. Farther Finance Advisors LLC purchased a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth about $37,000. US Bancorp DE raised its stake 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 during the period. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment during the third quarter valued at about $27,000. Finally, Ausdal Financial Partners Inc. boosted its position in Dave & Buster’s Entertainment by 9.0% during the second quarter. Ausdal Financial Partners Inc. now owns 25,220 shares of the restaurant operator’s stock worth $759,000 after purchasing an additional 2,078 shares during the period. Hedge funds and other institutional investors 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.