Dave & Buster’s Entertainment (NASDAQ:PLAY) Share Price Passes Above Fifty Day Moving Average – Time to Sell?

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY)’s share price crossed above its 50 day moving average during trading on Thursday . The stock has a 50 day moving average of $18.19 and traded as high as $19.95. Dave & Buster’s Entertainment shares last traded at $18.81, with a volume of 635,774 shares.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the company. Weiss Ratings reiterated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Benchmark upgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research report on Friday, January 16th. Finally, Truist Financial cut their target price on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research report on Thursday, January 8th. Three investment analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average price target of $23.83.

Dave & Buster’s Entertainment Price Performance

The firm’s 50 day simple moving average is $18.19 and its two-hundred day simple moving average is $20.03. 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 has a market capitalization of $652.33 million, a P/E ratio of -470.13 and a beta of 1.78.

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

Several hedge funds and other institutional investors have recently modified their holdings of the company. Arrowstreet Capital Limited Partnership grew its stake in shares of Dave & Buster’s Entertainment by 99.9% in the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after buying an additional 499,412 shares during the last quarter. Intech Investment Management LLC boosted its holdings in Dave & Buster’s Entertainment by 213.6% in the second quarter. Intech Investment Management LLC now owns 119,183 shares of the restaurant operator’s stock worth $3,585,000 after acquiring an additional 81,177 shares in the last quarter. SG Americas Securities LLC grew its stake in shares of Dave & Buster’s Entertainment by 411.9% in the third quarter. SG Americas Securities LLC now owns 190,840 shares of the restaurant operator’s stock worth $3,466,000 after acquiring an additional 153,556 shares during the last quarter. Maryland State Retirement & Pension System purchased a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth about $244,000. Finally, Quantbot Technologies LP raised its position in shares of Dave & Buster’s Entertainment by 123.8% in the 2nd quarter. Quantbot Technologies LP now owns 53,368 shares of the restaurant operator’s stock worth $1,605,000 after purchasing an additional 29,524 shares during the last quarter. 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.