Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Average Rating of “Hold” by Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been assigned a consensus recommendation of “Hold” from the seven research firms that are currently covering the company, MarketBeat.com reports. Two analysts have rated the stock with a sell recommendation, three have given a hold recommendation and two have assigned a buy recommendation to the company. The average twelve-month price target among analysts that have updated their coverage on the stock in the last year is $21.8333.

A number of equities analysts have issued reports on PLAY shares. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, April 20th. Zacks Research cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Thursday, April 2nd. Wall Street Zen cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. Piper Sandler reduced their price objective on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a research note on Monday, April 6th. Finally, Benchmark reaffirmed a “buy” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $12.93 on Friday. Dave & Buster’s Entertainment has a 52-week low of $9.61 and a 52-week high of $35.53. The stock has a market cap of $449.18 million, a PE ratio of -9.04 and a beta of 1.81. The company has a debt-to-equity ratio of 16.61, a quick ratio of 0.19 and a current ratio of 0.29. The firm’s 50 day moving average price is $12.01 and its two-hundred day moving average price is $14.87.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, March 31st. The restaurant operator reported ($0.35) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). Dave & Buster’s Entertainment had a negative net margin of 2.32% and a negative return on equity of 7.93%. The business had revenue of $529.60 million during the quarter, compared to the consensus estimate of $556.56 million. During the same period in the previous year, the business posted $0.69 earnings per share. Dave & Buster’s Entertainment’s revenue was down .9% compared to the same quarter last year. As a group, analysts forecast that Dave & Buster’s Entertainment will post -0.77 EPS for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of Dave & Buster’s Entertainment stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total transaction of $102,668.41. Following the transaction, the senior vice president directly owned 38,547 shares of the company’s stock, valued at $566,255.43. This trade represents a 15.35% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.73% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently made changes to their positions in PLAY. AQR Capital Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the first quarter worth $430,000. Creative Planning bought a new position in shares of Dave & Buster’s Entertainment during the second quarter worth $311,000. Marshall Wace LLP bought a new position in shares of Dave & Buster’s Entertainment during the second quarter worth $243,000. Cerity Partners LLC boosted its position in shares of Dave & Buster’s Entertainment by 13.2% during the second quarter. Cerity Partners LLC now owns 22,654 shares of the restaurant operator’s stock worth $681,000 after purchasing an additional 2,644 shares in the last quarter. Finally, Caption Management LLC boosted its position in shares of Dave & Buster’s Entertainment by 624.7% during the second quarter. Caption Management LLC now owns 14,153 shares of the restaurant operator’s stock worth $426,000 after purchasing an additional 12,200 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

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.