Dave & Buster’s Entertainment (NASDAQ:PLAY) Upgraded at Wall Street Zen

Wall Street Zen upgraded shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a sell rating to a hold rating in a research report report published on Saturday.

A number of other research analysts have also recently issued reports on PLAY. Truist Financial dropped 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 report on Thursday, January 8th. Loop Capital set a $20.00 price target on Dave & Buster’s Entertainment in a research note on Wednesday, December 10th. BMO Capital Markets lowered their price target on 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. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Thursday, December 11th. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, January 21st. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company’s stock. According to data from MarketBeat, the company has an average rating of “Hold” and an average price target of $23.83.

Dave & Buster’s Entertainment Stock Performance

NASDAQ:PLAY opened at $13.76 on Friday. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. Dave & Buster’s Entertainment has a fifty-two week low of $12.80 and a fifty-two week high of $35.53. The stock has a market cap of $477.20 million, a PE ratio of -343.91 and a beta of 1.79. The firm’s fifty day simple moving average is $17.25 and its 200-day simple moving average is $18.05.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results 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). The company had revenue of $448.20 million during 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%. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. During the same quarter in the prior year, the business earned ($0.45) EPS. Analysts expect that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current fiscal year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently added to or reduced their stakes in the business. Raymond James Financial Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 0.5% during the second quarter. Raymond James Financial Inc. now owns 121,847 shares of the restaurant operator’s stock worth $3,665,000 after buying an additional 637 shares in the last quarter. Deutsche Bank AG lifted its stake in shares of Dave & Buster’s Entertainment by 3.1% during the fourth quarter. Deutsche Bank AG now owns 24,794 shares of the restaurant operator’s stock valued at $402,000 after buying an additional 741 shares during the period. Nuveen LLC boosted its position in Dave & Buster’s Entertainment by 1.2% during the fourth quarter. Nuveen LLC now owns 102,226 shares of the restaurant operator’s stock worth $1,657,000 after acquiring an additional 1,254 shares during the last quarter. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment during the third quarter worth approximately $27,000. Finally, Caitong International Asset Management Co. Ltd grew its stake in Dave & Buster’s Entertainment by 616.6% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock worth $31,000 after acquiring an additional 1,671 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.