Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 3.6% – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) dropped 3.6% on Tuesday . The stock traded as low as $34.93 and last traded at $35.08. Approximately 230,245 shares traded hands during mid-day trading, a decline of 82% from the average daily volume of 1,246,573 shares. The stock had previously closed at $36.40.

Wall Street Analysts Forecast Growth

A number of research analysts have recently weighed in on the company. Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating on the stock. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating for the company in a research note on Wednesday, September 11th. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Loop Capital decreased their price objective 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. Finally, Truist Financial dropped their target price 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, four have given a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Hold” and an average price target of $62.57.

Dave & Buster’s Entertainment Price Performance

The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The company has a market cap of $1.35 billion, a P/E ratio of 12.50 and a beta of 2.13. The firm has a 50 day moving average price of $35.54 and a two-hundred day moving average price of $38.72.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS 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 company had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the prior year, the company posted $0.94 EPS. Dave & Buster’s Entertainment’s revenue was up 2.8% compared to the same quarter last year. On average, analysts predict that Dave & Buster’s Entertainment Inc will post 2.62 EPS for the current fiscal year.

Insider Activity

In other news, CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Large investors have recently added to or reduced their stakes in the business. XTX Topco Ltd raised its holdings in shares of Dave & Buster’s Entertainment by 171.5% in the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after acquiring an additional 33,988 shares in the last quarter. Systematic Financial Management LP purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $224,000. Quarry LP bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. RBF Capital LLC bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $511,000. Finally, Centiva Capital LP purchased a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $328,000. 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.