Brokerages Set Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) Target Price at $19.33

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) has earned an average recommendation of “Hold” from the nine research firms that are covering the company, MarketBeat.com reports. Two equities research analysts have rated the stock with a sell rating, five have issued a hold rating and two have issued a buy rating on the company. The average 1 year price target among brokers that have updated their coverage on the stock in the last year is $19.3333.

A number of analysts have issued reports on the company. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a report on Friday, July 17th. Citizens Jmp started coverage on Dave & Buster’s Entertainment in a report on Monday, June 29th. They issued a “market perform” rating on the stock. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $24.00 to $22.00 and set an “outperform” rating on the stock in a research report on Tuesday, June 16th. Citigroup initiated coverage on Dave & Buster’s Entertainment in a research note on Monday, June 29th. They set a “market perform” rating for the company. Finally, UBS Group lowered their price target on Dave & Buster’s Entertainment from $13.00 to $12.00 and set a “neutral” rating for the company in a report on Tuesday, June 16th.

Institutional Inflows and Outflows

Large investors have recently modified their holdings of the stock. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd boosted its stake in Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after acquiring an additional 1,671 shares in the last quarter. Persistent Asset Partners Ltd purchased a new position in shares of Dave & Buster’s Entertainment during the second quarter worth about $33,000. Leonteq Securities AG purchased a new position in shares of Dave & Buster’s Entertainment during the fourth quarter worth about $42,000. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $104,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $10.27 on Monday. Dave & Buster’s Entertainment has a twelve month low of $9.40 and a twelve month high of $26.72. The firm’s fifty day simple moving average is $11.04 and its 200-day simple moving average is $12.96. The firm has a market capitalization of $357.29 million, a price-to-earnings ratio of -5.43 and a beta of 1.86. The company has a current ratio of 0.29, a quick ratio of 0.20 and a debt-to-equity ratio of 15.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Monday, June 15th. The restaurant operator reported $0.22 EPS for the quarter, missing analysts’ consensus estimates of $0.60 by ($0.38). The firm had revenue of $559.20 million for the quarter, compared to analyst estimates of $580.60 million. Dave & Buster’s Entertainment had a negative return on equity of 24.19% and a negative net margin of 3.09%.The business’s revenue for the quarter was down 1.5% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.76 EPS. Equities analysts forecast that Dave & Buster’s Entertainment will post -1.1 EPS 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.