Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 5.1% – Here’s What Happened

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price traded down 5.1% on Tuesday . The company traded as low as $20.17 and last traded at $20.08. 322,291 shares traded hands during trading, a decline of 78% from the average session volume of 1,471,609 shares. The stock had previously closed at $21.16.

Wall Street Analyst Weigh In

PLAY has been the topic of a number of research reports. Truist Financial dropped their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. BMO Capital Markets cut their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Gordon Haskett restated 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. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $46.67.

Dave & Buster’s Entertainment Trading Down 4.3 %

The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The business has a 50-day moving average of $23.35 and a 200-day moving average of $30.08. The stock has a market cap of $779.69 million, a price-to-earnings ratio of 10.02 and a beta of 2.17.

Institutional Inflows and Outflows

A number of hedge funds and other institutional investors have recently modified their holdings of the business. Connor Clark & Lunn Investment Management Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth about $1,949,000. Intech Investment Management LLC raised its stake in shares of Dave & Buster’s Entertainment by 171.4% in the 3rd quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 13,550 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dave & Buster’s Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares during the last quarter. Cerity Partners LLC lifted its holdings in Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after purchasing an additional 710 shares during the last quarter. Finally, Quantbot Technologies LP bought a new stake in Dave & Buster’s Entertainment during the third quarter worth approximately $196,000. 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.