Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Given Consensus Recommendation of "Hold" by Analysts

Shares of Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY - Get Free Report) have been given an average rating of "Hold" by the nine ratings firms that are presently covering the firm, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, five have assigned a hold recommendation and two have given a buy recommendation to the company. The average twelve-month price target among brokers that have issued ratings on the stock in the last year is $31.3333.

• Dave & Buster’s Stock: Is Now the Time to Make a PLAY?

Several equities research analysts have recently weighed in on PLAY shares. Weiss Ratings reiterated a "sell (d)" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, October 8th. Zacks Research downgraded shares of Dave & Buster's Entertainment from a "hold" rating to a "strong sell" rating in a research report on Monday, September 15th. Piper Sandler cut their target price on shares of Dave & Buster's Entertainment from $30.00 to $26.00 and set a "neutral" rating on the stock in a research note on Tuesday, September 16th. Truist Financial decreased their price target on shares of Dave & Buster's Entertainment from $27.00 to $22.00 and set a "hold" rating for the company in a research note on Tuesday, September 16th. Finally, UBS Group dropped their price objective on shares of Dave & Buster's Entertainment from $29.00 to $25.00 and set a "neutral" rating on the stock in a report on Tuesday, September 16th.

Read Our Latest Research Report on Dave & Buster's Entertainment

Dave & Buster's Entertainment Trading Up 15.4%

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NASDAQ PLAY opened at $16.00 on Wednesday. The firm has a market capitalization of $554.67 million, a PE ratio of 47.06 and a beta of 2.02. The business's 50-day moving average price is $16.83 and its two-hundred day moving average price is $23.34. The company has a current ratio of 0.33, a quick ratio of 0.22 and a debt-to-equity ratio of 9.32. Dave & Buster's Entertainment has a 12 month low of $13.04 and a 12 month high of $40.10.

Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last issued its quarterly earnings data on Monday, September 15th. The restaurant operator reported $0.40 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $0.92 by ($0.52). The company had revenue of $557.40 million for the quarter, compared to the consensus estimate of $565.43 million. Dave & Buster's Entertainment had a return on equity of 29.24% and a net margin of 0.46%.Dave & Buster's Entertainment's revenue was up .1% compared to the same quarter last year. During the same quarter last year, the business earned $0.99 earnings per share. On average, analysts expect that Dave & Buster's Entertainment will post 2.52 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster's Entertainment

• Dave & Buster’s: Short-Covering Rally Signals Big Upside for PLAY

A number of hedge funds have recently added to or reduced their stakes in PLAY. Invesco Ltd. grew its position in Dave & Buster's Entertainment by 16.7% in the 1st quarter. Invesco Ltd. now owns 243,849 shares of the restaurant operator's stock valued at $4,284,000 after purchasing an additional 34,935 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in Dave & Buster's Entertainment by 9.5% during the first quarter. Charles Schwab Investment Management Inc. now owns 516,835 shares of the restaurant operator's stock worth $9,081,000 after buying an additional 44,911 shares during the last quarter. Nuveen LLC acquired a new position in Dave & Buster's Entertainment during the first quarter worth $2,453,000. Aigen Investment Management LP bought a new position in shares of Dave & Buster's Entertainment in the first quarter valued at $280,000. Finally, Intech Investment Management LLC grew its holdings in shares of Dave & Buster's Entertainment by 213.6% during the second quarter. Intech Investment Management LLC now owns 119,183 shares of the restaurant operator's stock valued at $3,585,000 after buying an additional 81,177 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company's stock.

Dave & Buster's Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.

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