Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Raised to $22.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price upped by Truist Financial from $18.00 to $22.00 in a report published on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other equities analysts have also recently commented on PLAY. Piper Sandler dropped their price target on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating for the company in a research note on Tuesday, April 8th. Loop Capital lowered their price objective on shares of Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Finally, BMO Capital Markets lowered their price objective on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research report on Wednesday, April 9th. One 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. Based on data from MarketBeat.com, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $33.17.

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $23.85 on Thursday. Dave & Buster’s Entertainment has a 12 month low of $15.08 and a 12 month high of $51.27. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The company has a 50-day moving average price of $19.95 and a 200 day moving average price of $24.19. The stock has a market cap of $823.52 million, a PE ratio of 11.81 and a beta of 2.00.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Monday, April 7th. The restaurant operator reported $0.69 EPS for the quarter, topping analysts’ consensus estimates of $0.64 by $0.05. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $534.50 million during the quarter, compared to analysts’ expectations of $548.77 million. During the same period in the previous year, the company earned $0.88 EPS. The firm’s revenue for the quarter was down 10.8% compared to the same quarter last year. Equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently added to or reduced their stakes in the stock. KBC Group NV lifted its position in shares of Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 885 shares during the period. Rhumbline Advisers lifted its position in shares of Dave & Buster’s Entertainment by 3.9% in the 4th quarter. Rhumbline Advisers now owns 98,670 shares of the restaurant operator’s stock worth $2,880,000 after purchasing an additional 3,730 shares during the period. Principal Financial Group Inc. lifted its position in shares of Dave & Buster’s Entertainment by 2.3% in the 4th quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock worth $4,480,000 after purchasing an additional 3,494 shares during the period. Hussman Strategic Advisors Inc. lifted its position in shares of Dave & Buster’s Entertainment by 33.3% in the 4th quarter. Hussman Strategic Advisors Inc. now owns 42,000 shares of the restaurant operator’s stock worth $1,226,000 after purchasing an additional 10,500 shares during the period. Finally, Illinois Municipal Retirement Fund lifted its position in shares of Dave & Buster’s Entertainment by 34.8% in the 4th quarter. Illinois Municipal Retirement Fund now owns 22,672 shares of the restaurant operator’s stock worth $662,000 after purchasing an additional 5,854 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.