Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Given Average Recommendation of “Hold” by Analysts

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has been given a consensus recommendation of “Hold” by the eight research firms that are currently covering the firm, Marketbeat Ratings reports. Two equities research analysts have rated the stock with a sell recommendation, three have issued a hold recommendation and three have given a buy recommendation to the company. The average 12-month price target among brokerages that have issued a report on the stock in the last year is $21.8333.

A number of brokerages have recently commented on PLAY. Zacks Research lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Thursday, April 2nd. Piper Sandler decreased their price target on shares of Dave & Buster’s Entertainment from $22.00 to $14.00 and set a “neutral” rating on the stock in a report on Monday, April 6th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Monday, April 20th. Finally, Wall Street Zen lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “strong sell” rating in a report on Monday, April 6th.

Insider Activity at Dave & Buster’s Entertainment

In other news, SVP Steve Klohn sold 6,989 shares of the stock in a transaction on Friday, April 17th. The shares were sold at an average price of $14.69, for a total value of $102,668.41. Following the transaction, the senior vice president owned 38,547 shares of the company’s stock, valued at $566,255.43. This represents a 15.35% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.73% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the business. Ruffer LLP bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $2,111,000. First Eagle Investment Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $1,834,000. SG Americas Securities LLC grew its holdings in shares of Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after purchasing an additional 443,308 shares during the last quarter. Clearline Capital LP grew its holdings in shares of Dave & Buster’s Entertainment by 20.4% during the 3rd quarter. Clearline Capital LP now owns 1,619,964 shares of the restaurant operator’s stock valued at $29,419,000 after purchasing an additional 274,541 shares during the last quarter. Finally, Cibc World Market Inc. grew its holdings in shares of Dave & Buster’s Entertainment by 236.9% during the 3rd quarter. Cibc World Market Inc. now owns 336,900 shares of the restaurant operator’s stock valued at $6,118,000 after purchasing an additional 236,900 shares during the last quarter. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Performance

Dave & Buster’s Entertainment stock opened at $10.72 on Wednesday. The firm’s 50 day simple moving average is $12.06 and its 200 day simple moving average is $15.13. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 16.61. The firm has a market capitalization of $372.41 million, a PE ratio of -7.50 and a beta of 1.78. Dave & Buster’s Entertainment has a 1-year low of $9.61 and a 1-year high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, March 31st. The restaurant operator reported ($0.35) EPS for the quarter, missing analysts’ consensus estimates of $0.39 by ($0.74). The company had revenue of $529.60 million during the quarter, compared to the consensus estimate of $556.56 million. Dave & Buster’s Entertainment had a negative return on equity of 7.93% and a negative net margin of 2.32%.Dave & Buster’s Entertainment’s quarterly revenue was down .9% on a year-over-year basis. During the same period in the previous year, the company earned $0.69 EPS. As a group, analysts expect that Dave & Buster’s Entertainment will post -0.86 earnings per share for the current fiscal year.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.