Dave & Buster’s Entertainment (NASDAQ:PLAY) Given “Market Perform” Rating at William Blair

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “market perform” rating reissued by research analysts at William Blair in a report issued on Wednesday,RTT News reports.

Several other analysts also recently issued reports on PLAY. Truist Financial cut their price target on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Benchmark assumed coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. Finally, StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One research analyst has rated the stock with a sell rating, five have assigned a hold rating and four have issued a buy rating to the company. According to data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $61.57.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $36.80 on Wednesday. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82. The firm has a market capitalization of $1.45 billion, a P/E ratio of 13.43 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The firm has a fifty day moving average of $36.65 and a 200-day moving average of $37.16.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. During the same period in the prior year, the firm posted $0.94 EPS. The firm’s revenue was up 2.8% compared to the same quarter last year. As a group, analysts predict that Dave & Buster’s Entertainment will post 2.59 EPS for the current year.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now owns 83,847 shares in the company, valued at $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. Eminence Capital LP grew its holdings in Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after acquiring an additional 1,542,154 shares during the last quarter. Rubric Capital Management LP boosted its stake in shares of Dave & Buster’s Entertainment by 104.7% in the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after buying an additional 626,497 shares during the last quarter. Sea Cliff Partners Management LP increased its holdings in Dave & Buster’s Entertainment by 90.8% during the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator’s stock worth $20,504,000 after buying an additional 245,043 shares during the last quarter. Marshall Wace LLP lifted its position in shares of Dave & Buster’s Entertainment by 36.2% during the 2nd quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator’s stock valued at $25,482,000 after buying an additional 170,286 shares during the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at approximately $5,191,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.