Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Receives Average Rating of “Hold” from Analysts

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has earned an average recommendation of “Hold” from the nine research firms that are presently covering the company, Marketbeat.com reports. Seven investment analysts have rated the stock with a hold rating and two have given a buy rating to the company. The average twelve-month price objective among brokerages that have issued a report on the stock in the last year is $46.67.

PLAY has been the subject of a number of research reports. Gordon Haskett reissued a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Loop Capital cut their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th.

Dave & Buster’s Entertainment Trading Up 2.6 %

Shares of Dave & Buster’s Entertainment stock opened at $19.32 on Friday. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. Dave & Buster’s Entertainment has a 52 week low of $17.02 and a 52 week high of $69.82. The stock has a 50 day moving average price of $23.63 and a two-hundred day moving average price of $30.22. The stock has a market capitalization of $743.88 million, a PE ratio of 9.56 and a beta of 2.17.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently bought and sold shares of PLAY. Connor Clark & Lunn Investment Management Ltd. purchased a new position in Dave & Buster’s Entertainment in the third quarter worth $1,949,000. Intech Investment Management LLC boosted its position in Dave & Buster’s Entertainment by 171.4% in the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock worth $731,000 after purchasing an additional 13,550 shares during the last quarter. Charles Schwab Investment Management Inc. boosted its position in 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 worth $15,738,000 after purchasing an additional 15,015 shares during the last quarter. Cerity Partners LLC boosted its position in Dave & Buster’s Entertainment by 3.2% in the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 710 shares during the last quarter. Finally, Quantbot Technologies LP purchased a new position in Dave & Buster’s Entertainment in the third quarter worth $196,000. 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.