Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Stock Has Consensus Price Target of $17.33

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average rating of “Hold” from the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two research analysts have rated the stock with a sell recommendation, five have issued a hold recommendation and two have assigned a buy recommendation to the company. The average 12-month target price among brokers that have issued ratings on the stock in the last year is $17.33.

A number of equities research analysts recently commented on the stock. UBS Group decreased their target price on shares of Dave & Buster’s Entertainment from $12.00 to $9.00 and set a “neutral” rating for the company in a research report on Tuesday, September 15th. BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. Citizens Jmp initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Citigroup reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Tuesday, September 15th. Finally, Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, October 15th.

Dave & Buster’s Entertainment Stock Down 6.7%

Dave & Buster’s Entertainment stock opened at $6.96 on Friday. The firm has a market cap of $242.42 million, a price-to-earnings ratio of -2.71 and a beta of 1.92. 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 stock has a fifty day simple moving average of $7.91 and a two-hundred day simple moving average of $10.17. Dave & Buster’s Entertainment has a 12 month low of $6.26 and a 12 month high of $22.10.

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

Insider Activity

In related news, CFO Cory Hatton acquired 4,000 shares of the business’s stock in a transaction dated Monday, September 28th. The shares were purchased at an average price of $6.50 per share, for a total transaction of $26,000.00. Following the completion of the acquisition, the chief financial officer directly owned 104,475 shares in the company, valued at $679,087.50. The trade was a 3.98% increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Nathaniel Lipman acquired 12,000 shares of the firm’s stock in a transaction that occurred 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 transaction, the director directly owned 30,715 shares in the company, valued at $208,247.70. The trade was a 64.12% increase in their ownership of the stock. The SEC filing for this purchase provides additional information. Corporate insiders own 1.73% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Large investors have recently bought and sold shares of the stock. Public Employees Retirement System of Ohio purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at $25,000. Legal & General Group Plc purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $28,000. Persistent Asset Partners Ltd purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth $33,000. Caitong International Asset Management Co. Ltd raised its stake in Dave & Buster’s Entertainment by 1,547.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,464 shares of the restaurant operator’s stock worth $72,000 after acquiring an additional 4,193 shares during the last quarter. Finally, Headlands Technologies LLC acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth about $141,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.

Dave & Buster’s was founded in 1982, when James “Buster” Corley and David Corriveau opened the first location in Dallas, Texas.