Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Receives Consensus Recommendation of “Hold” from Brokerages

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has received a consensus recommendation of “Hold” from the nine ratings firms that are currently covering the company, Marketbeat 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 target price among brokers that have updated their coverage on the stock in the last year is $19.3333.

Several equities research analysts recently weighed in on the company. Wall Street Zen cut Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a research note on Monday, April 6th. UBS Group lowered 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. BMO Capital Markets dropped their price objective on shares of 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. Citigroup assumed coverage on Dave & Buster’s Entertainment in a research report on Monday, June 29th. They set a “market perform” rating on the stock. Finally, Citizens Jmp initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating for the company.

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $10.84 on Monday. The business’s 50-day moving average is $11.27 and its two-hundred day moving average is $13.25. The firm has a market capitalization of $377.12 million, a P/E ratio of -5.74 and a beta of 1.86. Dave & Buster’s Entertainment has a 1 year low of $9.40 and a 1 year high of $30.16. The company has a debt-to-equity ratio of 15.01, a current ratio of 0.29 and a quick ratio of 0.20.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly 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 firm had revenue of $559.20 million during the quarter, compared to analysts’ expectations of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The firm’s revenue was down 1.5% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $0.76 EPS. Analysts anticipate that Dave & Buster’s Entertainment will post -1.1 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently modified their holdings of PLAY. Advisory Services Network LLC purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $27,000. Caitong International Asset Management Co. Ltd lifted its holdings 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 valued at $31,000 after purchasing an additional 1,671 shares in the last quarter. Leonteq Securities AG purchased a new position in Dave & Buster’s Entertainment in the 4th quarter valued at about $42,000. Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter worth about $104,000. Finally, Tower Research Capital LLC TRC boosted its stake in shares of Dave & Buster’s Entertainment by 292.4% during the 2nd quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after purchasing an additional 3,772 shares during the last quarter. 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 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.