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

Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) have received an average recommendation of “Hold” from the nine brokerages that are currently covering the stock, MarketBeat reports. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. The average 1 year price target among brokers that have issued ratings on the stock in the last year is $17.33.

A number of equities analysts have weighed in on the company. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a report on Friday, August 28th. Citigroup reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Tuesday, September 15th. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $22.00 to $13.00 and set an “outperform” rating on the stock in a research report on Tuesday, September 15th. 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. Finally, Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Friday, July 17th.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $6.62 on Tuesday. The company has a quick ratio of 0.21, a current ratio of 0.30 and a debt-to-equity ratio of 17.07. Dave & Buster’s Entertainment has a fifty-two week low of $6.45 and a fifty-two week high of $22.10. The company’s fifty day moving average is $9.24 and its two-hundred day moving average is $10.91. The firm has a market cap of $230.57 million, a PE ratio of -2.58 and a beta of 1.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Monday, September 14th. The restaurant operator reported ($0.27) earnings per share (EPS) for the quarter, missing the consensus estimate of $0.19 by ($0.46). The business had revenue of $544.10 million during the quarter, compared to analyst estimates of $556.83 million. Dave & Buster’s Entertainment had a negative return on equity of 51.87% and a negative net margin of 4.26%.Dave & Buster’s Entertainment’s revenue was down 2.4% on a year-over-year basis. During the same period in the previous year, the company earned $0.32 EPS. Analysts forecast that Dave & Buster’s Entertainment will post -1.38 earnings per share for the current year.

Insider Buying and Selling

In other news, Director Nathaniel Lipman acquired 12,000 shares of the business’s stock in a transaction on Thursday, September 17th. The shares were purchased at an average price of $6.78 per share, for a total transaction of $81,360.00. Following the acquisition, the director directly owned 30,715 shares of the company’s stock, valued at $208,247.70. This represents a 64.12% increase in their position. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 1.73% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently made changes to their positions in the business. Public Employees Retirement System of Ohio acquired a new stake in Dave & Buster’s Entertainment in the second quarter valued at $25,000. Legal & General Group Plc bought a new position in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Leonteq Securities AG acquired a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $42,000. Persistent Asset Partners Ltd acquired a new position in shares of Dave & Buster’s Entertainment in the 2nd quarter worth approximately $33,000. Finally, Caitong International Asset Management Co. Ltd increased its holdings in shares of Dave & Buster’s Entertainment by 1,547.2% in the 4th quarter. Caitong International Asset Management Co. Ltd now owns 4,464 shares of the restaurant operator’s stock valued at $72,000 after acquiring an additional 4,193 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc (NASDAQ: PLAY) is an entertainment and dining company that operates venues combining arcade games, sports viewing, food and beverages, and social experiences. Its Dave & Buster’s locations are designed for adults and families and offer interactive games, prize redemption, casual dining, full-service bars, and space for group events and parties.

The company also operates Main Event, a family entertainment brand offering bowling, arcade games, laser tag, virtual reality attractions, and food and beverages.