Dave & Buster’s Entertainment (NASDAQ:PLAY) Reaches New 1-Year Low at $31.12

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) reached a new 52-week low during trading on Monday . The stock traded as low as $31.12 and last traded at $31.23, with a volume of 87490 shares changing hands. The stock had previously closed at $31.76.

Analysts Set New Price Targets

Several research analysts recently commented on the stock. Truist Financial cut their price target on shares of Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating on the stock in a report on Tuesday, June 11th. BMO Capital Markets cut their price target on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating on the stock in a report on Thursday, June 13th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a report on Friday, June 14th. William Blair restated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. Finally, UBS Group lowered their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research report on Wednesday, June 12th. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. According to MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Moderate Buy” and a consensus price target of $65.71.

Dave & Buster’s Entertainment Trading Down 2.3 %

The firm has a market cap of $1.23 billion, a price-to-earnings ratio of 13.09 and a beta of 2.14. The business’s 50 day moving average price is $40.03 and its 200-day moving average price is $51.28. The company has a debt-to-equity ratio of 4.41, a quick ratio of 0.24 and a current ratio of 0.32.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share for the quarter, missing the consensus estimate of $1.56 by ($0.44). The business had revenue of $588.10 million for the quarter, compared to analyst estimates of $615.88 million. Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. Dave & Buster’s Entertainment’s revenue was down 1.5% compared to the same quarter last year. During the same quarter last year, the company earned $1.45 EPS. Equities analysts expect that Dave & Buster’s Entertainment Inc will post 3.03 EPS for the current year.

Insider Buying and Selling

In other Dave & Buster’s Entertainment news, CFO Darin Harper acquired 13,438 shares of the company’s stock in a transaction that occurred on Wednesday, July 3rd. The shares were purchased at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the purchase, the chief financial officer now directly owns 35,598 shares in the company, valued at $1,380,490.44. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently bought and sold shares of the company. Headlands Technologies LLC grew its position in Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock worth $77,000 after purchasing an additional 233 shares during the last quarter. Illinois Municipal Retirement Fund grew its position in Dave & Buster’s Entertainment by 1.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock worth $1,212,000 after purchasing an additional 248 shares during the last quarter. Federated Hermes Inc. grew its position in Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock worth $39,000 after purchasing an additional 292 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC grew its position in Dave & Buster’s Entertainment by 3.5% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock worth $560,000 after purchasing an additional 300 shares during the last quarter. Finally, Louisiana State Employees Retirement System grew its position in Dave & Buster’s Entertainment by 1.9% in the 2nd 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 last quarter. 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.