Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Down 5.1% – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) fell 5.1% during mid-day trading on Tuesday . The stock traded as low as $20.17 and last traded at $20.08. 322,291 shares were traded during mid-day trading, a decline of 78% from the average session volume of 1,471,609 shares. The stock had previously closed at $21.16.

Wall Street Analyst Weigh In

PLAY has been the topic of a number of research reports. Truist Financial lowered their price objective 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. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average price target of $46.67.

Dave & Buster’s Entertainment Price Performance

The company’s 50 day simple moving average is $23.35 and its two-hundred day simple moving average is $30.08. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The stock has a market capitalization of $779.69 million, a P/E ratio of 10.02 and a beta of 2.17.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Institutional investors have recently bought and sold shares of the business. Clare Market Investments LLC bought a new position in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $540,000. 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. lifted its position in shares of Dave & Buster’s Entertainment by 3.4% during 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 in the last quarter. Principal Financial Group Inc. grew its stake in shares of Dave & Buster’s Entertainment by 2.3% during the fourth quarter. Principal Financial Group Inc. now owns 153,487 shares of the restaurant operator’s stock valued at $4,480,000 after purchasing an additional 3,494 shares during the last quarter. Finally, SBI Securities Co. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $47,000. Institutional investors 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.