Brokerages Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $23.80

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned an average recommendation of “Hold” from the eight ratings firms that are presently covering the stock, Marketbeat Ratings reports. One investment analyst has rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 12 month price objective among brokerages that have covered the stock in the last year is $23.80.

A number of equities research analysts have issued reports on the company. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. 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. Loop Capital set a $20.00 price target on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. Finally, Benchmark restated a “hold” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. CIBC Bancorp USA Inc. acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $6,118,000. Advisory Services Network LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $27,000. Dark Forest Capital Management LP purchased a new stake in Dave & Buster’s Entertainment in the third quarter valued at $2,265,000. Verition Fund Management LLC raised its holdings in Dave & Buster’s Entertainment by 39.4% in the 3rd quarter. Verition Fund Management LLC now owns 158,100 shares of the restaurant operator’s stock valued at $2,871,000 after buying an additional 44,691 shares during the period. Finally, Nomura Holdings Inc. raised 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 acquiring an additional 2,030,186 shares during the period. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $16.25 on Friday. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The firm has a market cap of $563.55 million, a PE ratio of -406.15 and a beta of 1.77. Dave & Buster’s Entertainment has a fifty-two week low of $13.04 and a fifty-two week high of $35.53. The business has a 50 day moving average price of $16.57 and a 200-day moving average price of $22.80.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share for the quarter, missing analysts’ consensus estimates of ($1.16) by ($0.06). The firm had revenue of $448.20 million for the quarter, compared to the consensus estimate of $460.66 million. Dave & Buster’s Entertainment had a net margin of 0.01% and a return on equity of 19.13%. The firm’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business posted ($0.45) earnings per share. Equities research analysts predict that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

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.