Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Rating Reaffirmed by William Blair

William Blair reiterated their outperform rating on shares of Dave & Buster’s Entertainment (NASDAQ:PLAYFree Report) in a research note published on Thursday morning, RTT News reports.

A number of other research analysts have also recently commented on the company. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an outperform rating on the stock in a report on Thursday. Piper Sandler reaffirmed a neutral rating and issued a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a buy rating on the stock in a research note on Tuesday, June 11th. StockNews.com raised Dave & Buster’s Entertainment from a sell rating to a hold rating in a research note on Wednesday, April 10th. Finally, UBS Group reduced their price objective on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating on the stock in a research note on Wednesday, June 12th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of Moderate Buy and an average price target of $64.56.

Check Out Our Latest Analysis on PLAY

Dave & Buster’s Entertainment Stock Down 2.4 %

PLAY stock opened at $43.77 on Thursday. Dave & Buster’s Entertainment has a twelve month low of $33.07 and a twelve month high of $69.82. The company has a quick ratio of 0.23, a current ratio of 0.32 and a debt-to-equity ratio of 5.11. The stock has a market cap of $1.73 billion, a P/E ratio of 18.63 and a beta of 2.06. The business’s 50-day moving average price is $52.64 and its 200-day moving average price is $54.63.

Dave & Buster’s Entertainment (NASDAQ:PLAYGet Free Report) last posted its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 50.06%. The company had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same period in the previous year, the firm earned $1.45 earnings per share. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. On average, equities research analysts forecast that Dave & Buster’s Entertainment will post 3.15 EPS for the current year.

Insider Activity at Dave & Buster’s Entertainment

In related news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. In related news, SVP John Mulleady sold 42,824 shares of the business’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the completion of the transaction, the senior vice president now owns 57,132 shares in the company, valued at approximately $3,803,848.56. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Griffith sold 5,203 shares of the company’s stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total value of $341,160.71. Following the completion of the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The disclosure for this sale can be found here. 1.60% of the stock is owned by company insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently made changes to their positions in the company. Principal Securities Inc. bought a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth $38,000. Federated Hermes Inc. boosted its position in Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after purchasing an additional 292 shares in the last quarter. FSC Wealth Advisors LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $45,000. GAMMA Investing LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $53,000. Finally, Headlands Technologies LLC bought a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at about $54,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Get Free Report)

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.

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