Analysts Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) PT at $53.38

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has been assigned a consensus rating of “Hold” from the ten ratings firms that are currently covering the company, MarketBeat.com reports. Seven research analysts have rated the stock with a hold recommendation and three have given a buy recommendation to the company. The average 12 month price objective among brokers that have issued a report on the stock in the last year is $53.38.

PLAY has been the topic of several research analyst reports. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial reiterated a “hold” rating and issued a $36.00 price target (down from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Finally, Loop Capital lowered their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th.

Dave & Buster’s Entertainment Trading Down 3.6 %

NASDAQ PLAY opened at $28.33 on Friday. The company has a market capitalization of $1.09 billion, a price-to-earnings ratio of 14.02 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. Dave & Buster’s Entertainment has a 12 month low of $25.00 and a 12 month high of $69.82. The company’s fifty day moving average price is $33.62 and its two-hundred day moving average price is $34.26.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan acquired 19,025 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the acquisition, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 1.60% of the stock is owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several large investors have recently bought and sold shares of PLAY. Kimelman & Baird LLC bought a new position in shares of Dave & Buster’s Entertainment in the second quarter valued at approximately $28,000. Quarry LP acquired a new stake in Dave & Buster’s Entertainment in the third quarter worth approximately $47,000. Point72 Hong Kong Ltd bought a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at $121,000. Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at $144,000. Finally, Allspring Global Investments Holdings LLC raised its stake in shares of Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares in the last quarter. Institutional investors and hedge funds 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.