Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 3.2% – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares fell 3.2% during trading on Friday . The stock traded as low as $37.48 and last traded at $37.53. 525,972 shares changed hands during trading, a decline of 58% from the average session volume of 1,257,779 shares. The stock had previously closed at $38.77.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on PLAY shares. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research report on Wednesday, September 11th. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. Finally, Loop Capital lowered their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Stock Down 5.8 %

The firm has a market cap of $1.44 billion, a P/E ratio of 13.46 and a beta of 2.15. The stock’s 50 day simple moving average is $32.43 and its 200 day simple moving average is $42.07. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. During the same period in the prior year, the firm posted $0.94 EPS. Dave & Buster’s Entertainment’s quarterly revenue was up 2.8% compared to the same quarter last year. Research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.7 EPS for the current year.

Insider Buying and Selling

In related news, CEO Christopher Daniel Morris acquired 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The stock was acquired 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 0.00 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently added to or reduced their stakes in PLAY. Kimelman & Baird LLC bought a new position in Dave & Buster’s Entertainment in the 2nd quarter valued at $28,000. Headlands Technologies LLC boosted its holdings in Dave & Buster’s Entertainment by 23.4% during the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 233 shares during the period. O Shaughnessy Asset Management LLC bought a new position in shares of Dave & Buster’s Entertainment in the first quarter worth approximately $249,000. Allspring Global Investments Holdings LLC increased its position in shares of Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares during the period. Finally, Central Pacific Bank Trust Division bought a new position in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $331,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.