Dave & Buster’s Entertainment’s (PLAY) Hold Rating Reiterated at Gordon Haskett

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “hold” rating restated by equities research analysts at Gordon Haskett in a note issued to investors on Wednesday. They currently have a $34.00 price objective on the restaurant operator’s stock, down from their prior price objective of $40.00. Gordon Haskett’s price target would suggest a potential downside of 7.61% from the company’s current price.

Several other equities research analysts have also recently issued reports on PLAY. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. Truist Financial reissued a “hold” rating and set a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Finally, BMO Capital Markets dropped their target price on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday, November 26th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and a consensus price target of $55.63.

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $36.80 on Wednesday. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The stock’s 50 day moving average price is $36.65 and its 200 day moving average price is $37.16. The firm has a market cap of $1.45 billion, a P/E ratio of 13.43 and a beta of 2.13. Dave & Buster’s Entertainment has a 1 year low of $29.31 and a 1 year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business’s revenue was up 2.8% on a year-over-year basis. During the same period in the prior year, the business earned $0.94 earnings per share. On average, sell-side analysts expect that Dave & Buster’s Entertainment will post 2.59 earnings per share for the current fiscal year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the business’s stock in a transaction that occurred on Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This represents a 21.63 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 1.60% of the stock is owned by insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently made changes to their positions in the business. SG Americas Securities LLC raised its position in Dave & Buster’s Entertainment by 1,931.4% in the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after purchasing an additional 36,793 shares during the period. XTX Topco Ltd lifted its position in shares of Dave & Buster’s Entertainment by 171.5% during the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its stake in shares of Dave & Buster’s Entertainment by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after purchasing an additional 15,015 shares during the period. Eminence Capital LP grew its holdings in Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. Finally, Hennessy Advisors Inc. purchased a new stake in Dave & Buster’s Entertainment during the 2nd quarter worth $5,191,000. Institutional investors and hedge funds 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.