Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Down 3.9%

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) fell 3.9% during trading on Tuesday . The stock traded as low as $42.67 and last traded at $42.75. 392,581 shares traded hands during trading, a decline of 68% from the average session volume of 1,242,082 shares. The stock had previously closed at $44.47.

Analysts Set New Price Targets

Several brokerages have commented on PLAY. Jefferies Financial Group increased their price target on Dave & Buster’s Entertainment from $60.00 to $80.00 and gave the company a “buy” rating in a report on Wednesday, March 6th. UBS Group lowered their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. Raymond James reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Monday, March 25th. Piper Sandler restated a “neutral” rating and set a $71.00 price objective (up previously from $50.00) on shares of Dave & Buster’s Entertainment in a report on Thursday, April 4th. Finally, BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $64.56.

Dave & Buster’s Entertainment Price Performance

The company’s fifty day moving average price is $52.25 and its two-hundred day moving average price is $54.66. The company has a market cap of $1.65 billion, a price-to-earnings ratio of 18.59 and a beta of 2.06. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.56 by ($0.44). The firm had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The business’s revenue was down 1.5% compared to the same quarter last year. During the same period last year, the company posted $1.45 earnings per share. On average, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 3.15 EPS for the current fiscal year.

Insider Buying and Selling

In other news, SVP John Mulleady sold 42,824 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now owns 57,132 shares in the company, valued at $3,803,848.56. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Michael J. Griffith sold 5,203 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the sale, the director now owns 33,546 shares of the company’s stock, valued at $2,199,611.22. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, SVP John Mulleady sold 42,824 shares of the stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the sale, the senior vice president now directly owns 57,132 shares in the company, valued at approximately $3,803,848.56. The disclosure for this sale can be found here. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently added to or reduced their stakes in the stock. Paloma Partners Management Co bought a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at approximately $440,000. Price T Rowe Associates Inc. MD boosted its holdings in shares of Dave & Buster’s Entertainment by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after acquiring an additional 546 shares in the last quarter. Hood River Capital Management LLC bought a new stake in Dave & Buster’s Entertainment during the 1st quarter worth $30,229,000. Lazard Asset Management LLC increased its holdings in Dave & Buster’s Entertainment by 258.7% in the 1st quarter. Lazard Asset Management LLC now owns 156,570 shares of the restaurant operator’s stock worth $9,800,000 after purchasing an additional 112,917 shares in the last quarter. Finally, Quadrature Capital Ltd raised its position in Dave & Buster’s Entertainment by 150.1% in the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after purchasing an additional 25,376 shares during the last quarter. Institutional investors and hedge funds 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.