Dave & Buster’s Entertainment (NASDAQ:PLAY) Hits New 12-Month Low on Analyst Downgrade

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares reached a new 52-week low during mid-day trading on Thursday after Truist Financial lowered their price target on the stock from $27.00 to $21.00. Truist Financial currently has a hold rating on the stock. Dave & Buster’s Entertainment traded as low as $16.85 and last traded at $17.10, with a volume of 271578 shares. The stock had previously closed at $18.49.

A number of other research firms have also commented on PLAY. Gordon Haskett reissued a “hold” rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. BMO Capital Markets cut their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research report on Wednesday, December 11th. Finally, Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. One analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the stock. According to MarketBeat.com, the company has an average rating of “Hold” and a consensus target price of $45.67.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently bought and sold shares of the business. Universal Beteiligungs und Servicegesellschaft mbH bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter worth $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC lifted its position in shares of Dave & Buster’s Entertainment by 22.7% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock worth $2,098,000 after purchasing an additional 13,309 shares in the last quarter. Woodline Partners LP bought a new stake in shares of Dave & Buster’s Entertainment during the fourth quarter valued at approximately $6,702,000. Sapience Investments LLC increased its holdings in shares of Dave & Buster’s Entertainment by 49.6% in the fourth quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator’s stock valued at $2,949,000 after purchasing an additional 33,508 shares in the last quarter. Finally, ProShare Advisors LLC raised its position in Dave & Buster’s Entertainment by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator’s stock worth $284,000 after purchasing an additional 2,996 shares during the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.

Dave & Buster’s Entertainment Stock Performance

The stock has a market cap of $656.86 million, a price-to-earnings ratio of 8.44 and a beta of 1.86. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The firm has a fifty day simple moving average of $22.48 and a 200-day simple moving average of $29.50.

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.