Dave & Buster’s Entertainment, Inc. (PLAY) – What Are Brokerages Saying About This Stock?

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have earned a consensus rating of “Hold” from the nine ratings firms that are currently covering the firm, MarketBeat Ratings reports. Two research analysts have rated the stock with a sell rating, five have assigned a hold rating and two have given a buy rating to the company. The average 1-year price objective among brokerages that have issued a report on the stock in the last year is $17.33.

Several analysts recently weighed in on the company. Citigroup reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Tuesday, September 15th. Zacks Research cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research report on Monday, September 28th. UBS Group lowered their price objective on Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating on the stock in a research report on Tuesday, September 15th. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating for the company in a research report on Tuesday, September 15th. Finally, Weiss Ratings restated a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, October 15th.

Insider Activity at Dave & Buster’s Entertainment

In related news, CFO Cory Hatton acquired 4,000 shares of the company’s stock in a transaction on Monday, September 28th. The stock was purchased at an average cost of $6.50 per share, with a total value of $26,000.00. Following the acquisition, the chief financial officer directly owned 104,475 shares of the company’s stock, valued at approximately $679,087.50. The trade was a 3.98% increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Nathaniel Lipman acquired 12,000 shares of the company’s stock in a transaction on Thursday, September 17th. The stock was bought at an average cost of $6.78 per share, with a total value of $81,360.00. Following the completion of the acquisition, the director directly owned 30,715 shares in the company, valued at approximately $208,247.70. This represents a 64.12% increase in their ownership of the stock. Additional details regarding this purchase are available in the official SEC disclosure. 1.73% of the stock is currently owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the company. Edgestream Partners L.P. bought a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $556,000. Russell Investments Group Ltd. lifted its holdings in shares of Dave & Buster’s Entertainment by 6.2% during the 3rd quarter. Russell Investments Group Ltd. now owns 23,757 shares of the restaurant operator’s stock worth $152,000 after acquiring an additional 1,382 shares during the period. Tidal Investments LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $182,000. Engineers Gate Manager LP boosted its position in shares of Dave & Buster’s Entertainment by 200.7% during the 2nd quarter. Engineers Gate Manager LP now owns 537,254 shares of the restaurant operator’s stock worth $6,125,000 after acquiring an additional 358,588 shares in the last quarter. Finally, Squarepoint Ops LLC increased its stake in Dave & Buster’s Entertainment by 289.7% in the second quarter. Squarepoint Ops LLC now owns 131,168 shares of the restaurant operator’s stock valued at $1,495,000 after acquiring an additional 97,507 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ PLAY opened at $8.06 on Wednesday. The company has a current ratio of 0.30, a quick ratio of 0.21 and a debt-to-equity ratio of 17.07. The company has a market capitalization of $280.74 million, a P/E ratio of -3.14 and a beta of 1.93. Dave & Buster’s Entertainment has a 12 month low of $6.26 and a 12 month high of $22.10. The stock has a 50 day moving average of $7.50 and a 200-day moving average of $11.25.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, September 14th. The restaurant operator reported ($0.27) EPS for the quarter, missing analysts’ consensus estimates of $0.19 by ($0.46). The company had revenue of $544.10 million for the quarter, compared to the consensus estimate of $556.83 million. Dave & Buster’s Entertainment had a negative return on equity of 51.87% and a negative net margin of 4.26%. The company’s revenue for the quarter was down 2.4% compared to the same quarter last year. During the same period last year, the firm earned $0.32 earnings per share. As a group, equities research analysts predict that Dave & Buster’s Entertainment will post -1.58 EPS for the current year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc. operates entertainment and dining venues under the Dave & Buster’s and Main Event brands. Its locations combine arcade games, prize redemption, sports viewing and other interactive attractions with full-service restaurants and bars. The company’s venues offer a range of video, arcade and skill-based games, as well as group entertainment options for parties, corporate events and other gatherings. Food and beverage offerings typically include American-style menu items, alcoholic and nonalcoholic drinks, and event packages.