Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $25.00 by Analysts at UBS Group

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target lowered by UBS Group from $29.00 to $25.00 in a research note released on Tuesday,Benzinga reports. UBS Group currently has a neutral rating on the restaurant operator’s stock.

A number of other brokerages also recently commented on PLAY. Piper Sandler boosted their target price on shares of Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 11th. Loop Capital upped their price objective on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the stock a “buy” rating in a research report on Wednesday, June 11th. BMO Capital Markets raised their target price on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 11th. Finally, Truist Financial decreased their target price on Dave & Buster’s Entertainment from $29.00 to $27.00 and set a “hold” rating for the company in a research note on Wednesday, August 27th. Two investment analysts have rated the stock with a Buy rating, six have issued a Hold rating and one has issued a Sell rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $31.33.

Dave & Buster’s Entertainment Stock Down 3.7%

PLAY stock opened at $20.39 on Tuesday. The company’s 50 day moving average price is $26.49 and its 200 day moving average price is $23.97. The firm has a market capitalization of $706.92 million, a price-to-earnings ratio of 59.97 and a beta of 2.04. Dave & Buster’s Entertainment has a fifty-two week low of $15.08 and a fifty-two week high of $43.73. The company has a debt-to-equity ratio of 9.32, a quick ratio of 0.17 and a current ratio of 0.33.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Monday, September 15th. The restaurant operator reported $0.32 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.92 by ($0.60). Dave & Buster’s Entertainment had a return on equity of 29.24% and a net margin of 0.46%.The firm had revenue of $557.40 million during the quarter, compared to analysts’ expectations of $565.43 million. During the same quarter in the prior year, the firm earned $0.99 EPS. The firm’s revenue was up .1% compared to the same quarter last year. On average, equities research analysts anticipate that Dave & Buster’s Entertainment will post 2.52 EPS for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Tarun Lal bought 8,060 shares of the firm’s stock in a transaction that occurred on Tuesday, July 22nd. The stock was purchased at an average cost of $31.26 per share, with a total value of $251,955.60. Following the transaction, the chief executive officer directly owned 8,060 shares in the company, valued at $251,955.60. This trade represents a ∞ increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Insiders own 2.02% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. Tower Research Capital LLC TRC boosted its holdings in shares of Dave & Buster’s Entertainment by 292.4% in the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock valued at $152,000 after acquiring an additional 3,772 shares during the period. Manatuck Hill Partners LLC purchased a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at $3,610,000. HRT Financial LP acquired a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth $2,403,000. Engineers Gate Manager LP grew its position in Dave & Buster’s Entertainment by 674.4% during the 2nd quarter. Engineers Gate Manager LP now owns 110,401 shares of the restaurant operator’s stock worth $3,321,000 after purchasing an additional 96,144 shares during the last quarter. Finally, Brevan Howard Capital Management LP acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at $752,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.