Dave & Buster’s Entertainment (NASDAQ:PLAY) Receives Hold Rating from Gordon Haskett

Dave & Buster’s Entertainment (NASDAQ:PLAY)‘s stock had its “hold” rating reissued by investment analysts at Gordon Haskett in a research note issued on Wednesday, MarketBeat Ratings reports. They presently have a $34.00 price objective on the restaurant operator’s stock, down from their previous price objective of $40.00. Gordon Haskett’s price target would suggest a potential upside of 33.39% from the company’s current price.

PLAY has been the topic of a number of other research reports. Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. Finally, Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, September 12th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat.com, Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus price target of $53.38.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY opened at $25.49 on Wednesday. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment has a twelve month low of $25.00 and a twelve month high of $69.82. The stock has a market capitalization of $1.00 billion, a P/E ratio of 12.62 and a beta of 2.13. The company has a 50 day moving average of $36.64 and a 200-day moving average of $37.02.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. During the same quarter last year, the firm earned $0.94 earnings per share. The firm’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 2.59 EPS for the current fiscal year.

Insider Activity

In related news, CEO Kevin M. Sheehan purchased 37,735 shares of the stock in a transaction on Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, with a total value of $961,487.80. Following the acquisition, the chief executive officer now directly owns 139,011 shares in the company, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link. Also, CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, October 7th. The shares were purchased at an average price of $33.67 per share, with a total value of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

Large investors have recently added to or reduced their stakes in the company. SG Americas Securities LLC boosted its position in shares of Dave & Buster’s Entertainment by 1,931.4% in the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after acquiring an additional 36,793 shares during the period. Coronation Fund Managers Ltd. raised its stake in Dave & Buster’s Entertainment by 2.9% in the 2nd quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after purchasing an additional 29,627 shares in the last quarter. Nisa Investment Advisors LLC boosted its holdings in Dave & Buster’s Entertainment by 32.8% in the 2nd quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock valued at $8,222,000 after purchasing an additional 51,022 shares during the period. Hennessy Advisors Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $5,191,000. Finally, Louisiana State Employees Retirement System increased its holdings in shares of Dave & Buster’s Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 300 shares during the period. 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.