Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Up 6.5% – Here’s What Happened

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares traded up 6.5% during trading on Friday . The company traded as high as $35.72 and last traded at $35.71. 247,904 shares changed hands during mid-day trading, a decline of 80% from the average session volume of 1,251,740 shares. The stock had previously closed at $33.54.

Analyst Ratings Changes

A number of analysts have recently commented on the company. Truist Financial dropped 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 report on Thursday, August 22nd. UBS Group lowered 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 report on Wednesday, June 12th. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. BMO Capital Markets lowered their price objective on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Finally, StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus target price of $62.57.

Dave & Buster’s Entertainment Price Performance

The firm has a fifty day moving average price of $32.48 and a two-hundred day moving average price of $43.66. The stock has a market capitalization of $1.42 billion, a P/E ratio of 15.27 and a beta of 2.15. 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 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 EPS. As a group, analysts expect that Dave & Buster’s Entertainment Inc will post 2.7 EPS for the current fiscal year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently modified their holdings of PLAY. Eminence Capital LP increased its stake in shares of Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. Wolf Hill Capital Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter worth $72,730,000. Coronation Fund Managers Ltd. increased its stake in shares of Dave & Buster’s Entertainment by 273.6% in the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock worth $62,943,000 after purchasing an additional 736,345 shares in the last quarter. Rubric Capital Management LP increased its stake in shares of Dave & Buster’s Entertainment by 104.7% in the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after purchasing an additional 626,497 shares in the last quarter. Finally, National Bank of Canada FI purchased a new stake in shares of Dave & Buster’s Entertainment in the 1st quarter worth $31,300,000. 91.45% of the stock is owned by institutional investors.

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.