Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Analysts’ Average “Moderate Buy” Recommendation

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) received an average recommendation of “Moderate Buy” from the nine rating agencies that currently cover the company, Marketbeat Ratings reports. Three research analysts rated the stock with a hold recommendation, five gave the company a buy recommendation and one gave the company a strong buy recommendation. The 12-month average price target among brokerages that have hedged the stock over the past year is $50.00.

Several analysts have recently commented on the company. StockNews.com upgraded Dave & Buster’s Entertainment from a “sell” rating to a “hold” rating in a Wednesday, Dec. 7 research report. BMO Capital Markets lowered its price target on Dave & Buster’s Entertainment from $66.00 to $55.00 and set an “outperform” rating for the company in a Wednesday, Dec. 7 research report. Deutsche Bank Aktiengesellschaft upgraded Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a price target of $48.00 for the company in a Tuesday, November 8 research report. Finally, Piper Sandler lowered her price target on Dave & Buster’s Entertainment from $44.00 to $34.00 and set a “neutral” rating for the company in a Wednesday, October 5 report.

Dave & Buster Entertainment trades up 2.3%

Shares of PLAY opened at $41.09 on Wednesday. The company has a debt ratio of 3.39, a current ratio of 0.58 and a quick ratio of 0.46. The company has a market capitalization of $1.98 billion, a price-earnings ratio of 16.44 and a beta of 1.83. The stock has a 50-day simple moving average of $36.94 and a 200-day simple moving average of $36.75. Dave & Buster’s Entertainment has a 1 year minimum of $29.60 and a 1 year maximum of $52.54.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last released its quarterly results on Tuesday, December 6. The restaurant operator reported EPS of $0.04 for the quarter, beating the consensus estimate of $0.03 by $0.01. Dave & Buster’s Entertainment had a return on equity of 37.13% and a net margin of 7.09%. The company posted revenue of $481.21 million in the quarter, compared to $470.78 million expected by analysts. In the same period a year earlier, the company had earned earnings per share of $0.21. The company’s revenue for the quarter increased 51.3% on an annual basis. On average, equity research analysts expect Dave & Buster’s Entertainment to post 2.72 EPS for the current fiscal year.

Insider Trading at Dave & Buster’s Entertainment

In other news from Dave & Buster’s Entertainment, Path D. Fund insider Lp Hill purchased 15,000 shares in a trade dated Thursday, Dec. 29. The shares were acquired at an average cost of $34.90 per share, for a total transaction of $523,500.00. Following the acquisition, the insider now owns 1,290,842 shares of the company, valued at approximately $45,050,385.80. The acquisition was disclosed in a legal filing with the SEC, which is available via this link. Separately, insider Path D. Fund Lp Hill purchased 250,000 shares of the company in a trade that took place on Monday, December 19. The shares were purchased at an average price of $33.51 per share, with a total value of $8,377,500.00. Following the purchase, the insider now owns 640,412 shares of the company, valued at $21,460,206.12. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available on the SEC’s website. Additionally, insider Path D. Fund Lp Hill purchased 15,000 shares of the company in a trade that took place on Thursday, December 29. The shares were purchased at an average cost of $34.90 per share, for a total transaction of $523,500.00. Following the purchase, the insider now owns 1,290,842 shares of the company, valued at approximately $45,050,385.80. Disclosure of this purchase can be found here. Over the past ninety days, insiders have purchased 1,028,438 shares of the company worth $35,211,974. 3.21% of the shares are currently held by insiders of the company.

Hedge funds weigh down Dave & Buster’s entertainment

Hedge funds have recently been buying and selling shares of the company. WINTON GROUP Ltd acquired a new position in Dave & Buster’s Entertainment during Q2 worth approximately $373,000. Mirae Asset Global Investments Co. Ltd. acquired a new stake in Dave & Buster’s Entertainment in Q2, valued at approximately $428,000. MGO One Seven LLC increased its position in Dave & Buster’s Entertainment by 11.8% in Q2. MGO One Seven LLC now owns 6,874 shares of the restaurateur valued at $225,000 after purchasing an additional 726 shares last quarter. ClariVest Asset Management LLC acquired a new stake in Dave & Buster’s Entertainment in Q2 valued at approximately $2,180,000. Finally, Steward Partners Investment Advisory LLC increased its position in Dave & Buster’s Entertainment by 59.1% in the 2nd quarter. Steward Partners Investment Advisory LLC now owns 3,273 shares of the restaurateur valued at $107,000 after buying 1,216 additional shares last quarter. Institutional investors and hedge funds own 99.21% of the company’s shares.

Dave & Buster’s Entertainment Business Profile

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Dave & Buster’s Entertainment, Inc. owns and operates adult and family entertainment and dining venues. Its places offer a menu of starters and appetizers, as well as a selection of non-alcoholic and alcoholic drinks; and an assortment of entertainment attractions centered around gaming and watching live sports, and other televised events.

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