Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Up 8.3% – What’s Next?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) shares rose 8.3% on Tuesday . The company traded as high as $21.20 and last traded at $21.32. Approximately 544,151 shares traded hands during trading, a decline of 48% from the average daily volume of 1,041,198 shares. The stock had previously closed at $19.68.

Wall Street Analysts Forecast Growth

Several analysts recently commented on PLAY shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, October 8th. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 target price on the stock in a research report on Friday. UBS Group cut their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Zacks Research raised shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Loop Capital set a $20.00 price objective on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. Three research analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus target price of $23.83.

Dave & Buster’s Entertainment Trading Up 4.9%

The stock has a 50 day moving average of $16.92 and a 200-day moving average of $20.96. The company has a market capitalization of $716.14 million, a P/E ratio of -516.12 and a beta of 1.74. The company has a current ratio of 0.32, a quick ratio of 0.22 and a debt-to-equity ratio of 11.87.

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

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several large investors have recently made changes to their positions in PLAY. Advisory Services Network LLC bought a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $27,000. Farther Finance Advisors LLC bought a new stake in Dave & Buster’s Entertainment in the 2nd quarter worth approximately $37,000. Quadrant Capital Group LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $104,000. AlphaQuest LLC boosted its position in shares of Dave & Buster’s Entertainment by 415.9% during the 3rd quarter. AlphaQuest LLC now owns 8,094 shares of the restaurant operator’s stock valued at $147,000 after acquiring an additional 6,525 shares during the last quarter. Finally, Tower Research Capital LLC TRC grew its holdings in shares of Dave & Buster’s Entertainment by 292.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after purchasing an additional 3,772 shares in the last quarter. 91.45% of the stock is currently owned by hedge funds and other 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.