Dave & Buster’s Entertainment (NASDAQ:PLAY) Given New $56.00 Price Target at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price dropped by analysts at Truist Financial from $59.00 to $56.00 in a research note issued to investors on Tuesday,Benzinga reports. The brokerage currently has a “buy” rating on the restaurant operator’s stock. Truist Financial’s target price points to a potential upside of 54.27% from the company’s previous close.

Other research analysts also recently issued research reports about the company. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a report on Thursday, September 12th. Finally, Benchmark began coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. 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 MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $62.14.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $36.30 on Tuesday. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The company has a 50 day moving average price of $35.71 and a 200-day moving average price of $38.23. Dave & Buster’s Entertainment has a 52 week low of $29.31 and a 52 week high of $69.82. The firm has a market capitalization of $1.43 billion, a PE ratio of 13.25 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.94 EPS. As a group, equities research analysts expect that Dave & Buster’s Entertainment will post 2.62 earnings per share for the current year.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of the firm’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 purchase, the chief executive officer now owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several hedge funds and other institutional investors have recently made changes to their positions in the stock. O Shaughnessy Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the first quarter worth about $249,000. CANADA LIFE ASSURANCE Co boosted its position in shares of Dave & Buster’s Entertainment by 16.5% during the 1st quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock valued at $2,016,000 after acquiring an additional 4,569 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock worth $1,425,000 after buying an additional 546 shares in the last quarter. First Hawaiian Bank purchased a new position in Dave & Buster’s Entertainment in the second quarter worth about $315,000. Finally, SG Americas Securities LLC increased its position in shares of Dave & Buster’s Entertainment by 1,931.4% during the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock valued at $1,541,000 after purchasing an additional 36,793 shares during the last quarter. 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.