Analysts Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $22.60

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have been assigned an average recommendation of “Hold” from the eight brokerages that are presently covering the stock, MarketBeat Ratings reports. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $23.8333.

PLAY has been the subject of several recent analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, October 8th. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price for the company in a report on Friday. Loop Capital set a $20.00 target price on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, December 10th. Finally, Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY opened at $19.68 on Thursday. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The business’s 50 day moving average price is $16.81 and its 200-day moving average price is $21.15. Dave & Buster’s Entertainment has a 52 week low of $13.04 and a 52 week high of $35.53. The stock has a market cap of $682.50 million, a P/E ratio of -491.88 and a beta of 1.74.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted 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 company 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 quarterly revenue was down 1.1% on a year-over-year basis. During the same period last year, the business earned ($0.45) EPS. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. Farther Finance Advisors LLC purchased a new stake in Dave & Buster’s Entertainment in the second quarter worth approximately $37,000. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at $27,000. Tower Research Capital LLC TRC lifted its holdings in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after buying an additional 3,772 shares during the period. Quadrant Capital Group LLC bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $104,000. Finally, Boyar Asset Management Inc. purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth $205,000. 91.45% of the stock is owned by institutional investors.

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.