Dave & Buster’s Entertainment (NASDAQ:PLAY) Downgraded by StockNews.com to Sell

StockNews.com lowered shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a hold rating to a sell rating in a report released on Wednesday.

PLAY has been the subject of several other research reports. William Blair reissued an outperform rating on shares of Dave & Buster’s Entertainment in a research report on Thursday, June 13th. Loop Capital decreased their price target on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a buy rating for the company in a research report on Friday, June 14th. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an outperform rating on the stock in a research report on Wednesday. UBS Group lowered their target price on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a neutral rating for the company in a report on Wednesday, June 12th. Finally, Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a buy rating on the stock in a research report on Thursday, August 22nd. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and five have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of Hold and an average target price of $62.57.

Dave & Buster’s Entertainment Trading Up 3.0 %

NASDAQ PLAY opened at $32.52 on Wednesday. The company has a quick ratio of 0.24, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment has a 52-week low of $29.31 and a 52-week high of $69.82. The stock has a market capitalization of $1.28 billion, a P/E ratio of 13.84 and a beta of 2.14. The firm has a 50-day moving average price of $34.02 and a 200 day moving average price of $46.74.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping 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 company had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the previous year, the business posted $0.94 earnings per share. The firm’s quarterly revenue was up 2.8% compared to the same quarter last year. Equities research analysts expect that Dave & Buster’s Entertainment will post 2.78 EPS for the current year.

Insider Buying and Selling

In related news, CFO Darin Harper acquired 13,438 shares of the business’s stock in a transaction on Wednesday, July 3rd. The stock was bought at an average cost of $38.78 per share, with a total value of $521,125.64. Following the completion of the acquisition, the chief financial officer now owns 35,598 shares in the company, valued at $1,380,490.44. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the stock. Headlands Technologies LLC boosted its stake in shares of 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 valued at $77,000 after purchasing an additional 233 shares during the last quarter. Illinois Municipal Retirement Fund lifted its stake in shares of 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 valued at $1,212,000 after purchasing an additional 248 shares during the period. Schwarz Dygos Wheeler Investment Advisors LLC grew its stake in shares of Dave & Buster’s Entertainment by 3.5% during the first 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 period. Louisiana State Employees Retirement System increased its holdings in Dave & Buster’s Entertainment by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after purchasing an additional 300 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD increased its holdings in Dave & Buster’s Entertainment by 2.5% in the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares during the last quarter. 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.