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

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given an average recommendation of “Hold” by the nine analysts that are currently covering the firm, Marketbeat Ratings reports. Two investment 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 1 year target price among brokers that have updated their coverage on the stock in the last year is $19.3333.

Several equities research analysts have weighed in on PLAY shares. Citizens Jmp began coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, June 29th. They issued a “market perform” rating for the company. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Friday, July 17th. Citigroup assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They issued a “market perform” rating for the company. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research note on Tuesday, June 16th. Finally, UBS Group cut their price target on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating on the stock in a report on Tuesday, June 16th.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $9.18 on Friday. The company has a market cap of $319.37 million, a price-to-earnings ratio of -4.86 and a beta of 1.86. Dave & Buster’s Entertainment has a 52 week low of $9.10 and a 52 week high of $25.69. The company has a quick ratio of 0.20, a current ratio of 0.29 and a debt-to-equity ratio of 15.01. The firm has a 50 day moving average of $10.51 and a 200-day moving average of $12.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Monday, June 15th. The restaurant operator reported $0.22 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). The company had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative net margin of 3.09% and a negative return on equity of 24.19%. The firm’s revenue was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.76 EPS. On average, equities analysts forecast that Dave & Buster’s Entertainment will post -1.1 earnings per share for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently modified their holdings of the company. BlackRock Inc. bought a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth $36,725,000. Nomura Holdings Inc. raised its holdings in Dave & Buster’s Entertainment by 532.9% during the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock worth $43,787,000 after buying an additional 2,030,186 shares during the last quarter. Healthcare of Ontario Pension Plan Trust Fund raised its holdings in Dave & Buster’s Entertainment by 40.1% during the fourth quarter. Healthcare of Ontario Pension Plan Trust Fund now owns 1,515,000 shares of the restaurant operator’s stock worth $24,558,000 after buying an additional 434,000 shares during the last quarter. Goldman Sachs Group Inc. lifted its stake in shares of Dave & Buster’s Entertainment by 22.3% in the fourth quarter. Goldman Sachs Group Inc. now owns 1,511,591 shares of the restaurant operator’s stock valued at $24,503,000 after buying an additional 276,064 shares in the last quarter. Finally, Arrowstreet Capital Limited Partnership lifted its stake in shares of Dave & Buster’s Entertainment by 44.9% in the first quarter. Arrowstreet Capital Limited Partnership now owns 1,509,752 shares of the restaurant operator’s stock valued at $16,351,000 after buying an additional 468,174 shares in the last quarter. 91.45% of the stock is currently 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.