Gordon Haskett Reiterates “Hold” Rating for Dave & Buster’s Entertainment (NASDAQ:PLAY)

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “hold” rating restated by Gordon Haskett in a report released on Wednesday, MarketBeat reports. They currently have a $34.00 price target on the restaurant operator’s stock, down from their prior price target of $40.00. Gordon Haskett’s price objective indicates a potential upside of 33.39% from the stock’s current price.

PLAY has been the topic of several other research reports. Truist Financial restated a “hold” rating and issued a $36.00 target price (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. BMO Capital Markets cut their target price on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday, November 26th. Finally, Loop Capital reduced their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average target price of $53.38.

Dave & Buster’s Entertainment Stock Down 13.3 %

NASDAQ PLAY opened at $25.49 on Wednesday. Dave & Buster’s Entertainment has a 1-year low of $25.00 and a 1-year high of $69.82. The company has a market capitalization of $1.00 billion, a price-to-earnings ratio of 12.62 and a beta of 2.13. The stock’s 50 day moving average is $36.64 and its two-hundred day moving average is $37.02. The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. During the same quarter last year, the company earned $0.94 EPS. Dave & Buster’s Entertainment’s revenue was up 2.8% on a year-over-year basis. Equities analysts forecast that Dave & Buster’s Entertainment will post 2.59 earnings per share for the current fiscal year.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of the business’s stock in a transaction on Thursday, December 12th. The shares were bought at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the transaction, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the stock in a transaction dated Monday, October 7th. The shares were acquired at an average price of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now owns 83,847 shares in the company, valued at $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Company insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently made changes to their positions in the stock. Louisiana State Employees Retirement System grew its stake in shares of Dave & Buster’s Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 300 shares during the period. GDS Wealth Management grew its position in shares of Dave & Buster’s Entertainment by 3.3% during the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock worth $518,000 after buying an additional 488 shares during the period. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $28,000. Cerity Partners LLC raised its position in shares of Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after acquiring an additional 710 shares during the period. Finally, Lombard Odier Asset Management USA Corp boosted its stake in Dave & Buster’s Entertainment by 21.4% during the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock worth $275,000 after acquiring an additional 1,217 shares during the last quarter. Institutional investors and hedge funds 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.