Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $61.57

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has earned a consensus recommendation of “Hold” from the ten brokerages that are presently covering the stock, MarketBeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have given a buy rating to the company. The average 1 year price target among brokers that have issued a report on the stock in the last year is $53.38.

PLAY has been the subject of several research analyst reports. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Gordon Haskett restated a “hold” rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ:PLAY opened at $29.06 on Wednesday. The company has a market capitalization of $1.12 billion, a P/E ratio of 14.39 and a beta of 2.13. The company’s 50-day moving average is $36.17 and its 200 day moving average is $36.32. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment has a fifty-two week low of $25.00 and a fifty-two week high of $69.82.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 37,735 shares of the business’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the transaction, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This represents a 37.26 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, CEO Christopher Daniel Morris bought 14,912 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now directly owns 83,847 shares in the company, valued at $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. 1.60% of the stock is currently owned by company 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 company. Kimelman & Baird LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth about $28,000. Quarry LP purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $47,000. Point72 Hong Kong Ltd purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $144,000. Finally, Allspring Global Investments Holdings LLC increased its stake in shares of Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after buying an additional 4,021 shares during the period. 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.