Stifel Nicolaus Cuts Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $36.00

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) had its price objective reduced by Stifel Nicolaus from $45.00 to $36.00 in a research note published on Tuesday morning, The Fly reports.

A number of other research analysts also recently issued reports on PLAY. Raymond James boosted their target price on shares of Dave & Buster’s Entertainment from $55.00 to $60.00 and gave the company a strong-buy rating in a research report on Wednesday, March 30th. Deutsche Bank Aktiengesellschaft boosted their target price on shares of Dave & Buster’s Entertainment from $50.00 to $54.00 and gave the company a buy rating in a research report on Wednesday, March 30th. Truist Financial lifted their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $67.00 in a report on Wednesday, June 8th. Piper Sandler lifted their price objective on shares of Dave & Buster’s Entertainment from $42.00 to $44.00 and gave the company a neutral rating in a report on Wednesday, June 8th. Finally, StockNews.com initiated coverage on shares of Dave & Buster’s Entertainment in a report on Thursday, March 31st. They issued a hold rating for the company. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating, six have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of Moderate Buy and an average target price of $53.30.

NASDAQ PLAY opened at $32.51 on Tuesday. The company has a market capitalization of $1.59 billion, a PE ratio of 10.32, a P/E/G ratio of 0.63 and a beta of 1.82. The company has a fifty day moving average of $39.80 and a 200 day moving average of $39.81. Dave & Buster’s Entertainment has a 1 year low of $29.83 and a 1 year high of $52.54. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.69 and a quick ratio of 0.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last posted its earnings results on Tuesday, June 7th. The restaurant operator reported $1.35 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.16 by $0.19. The company had revenue of $451.10 million during the quarter, compared to the consensus estimate of $440.63 million. Dave & Buster’s Entertainment had a net margin of 10.47% and a return on equity of 56.54%. The firm’s quarterly revenue was up 70.0% on a year-over-year basis. During the same period in the previous year, the firm posted $0.40 earnings per share. Research analysts expect that Dave & Buster’s Entertainment will post 3.47 earnings per share for the current year.

In other news, VP Michael Joseph Metzinger sold 572 shares of the business’s stock in a transaction dated Thursday, April 28th. The shares were sold at an average price of $45.91, for a total transaction of $26,260.52. Following the completion of the sale, the vice president now owns 15,712 shares of the company’s stock, valued at $721,337.92. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CMO Brandon Charles Coleman III sold 10,000 shares of the business’s stock in a transaction dated Friday, May 13th. The stock was sold at an average price of $40.06, for a total transaction of $400,600.00. Following the sale, the chief marketing officer now directly owns 32,302 shares of the company’s stock, valued at approximately $1,294,018.12. The disclosure for this sale can be found here. Insiders have sold 12,798 shares of company stock valued at $538,161 in the last three months. Corporate insiders own 3.21% of the company’s stock.

A number of institutional investors and hedge funds have recently bought and sold shares of PLAY. MIC Capital Management UK LLP acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $48,728,000. American Century Companies Inc. boosted its position in Dave & Buster’s Entertainment by 36.8% during the fourth quarter. American Century Companies Inc. now owns 2,656,870 shares of the restaurant operator’s stock worth $102,024,000 after acquiring an additional 714,895 shares during the last quarter. Victory Capital Management Inc. acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $23,991,000. Samlyn Capital LLC acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth about $22,659,000. Finally, Hill Path Capital LP boosted its position in Dave & Buster’s Entertainment by 9.7% during the fourth quarter. Hill Path Capital LP now owns 5,018,004 shares of the restaurant operator’s stock worth $192,691,000 after acquiring an additional 443,738 shares during the last quarter. Hedge funds and other institutional investors own 97.24% of the company’s stock.

Dave & Buster’s Entertainment Company Profile (Get Rating)

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.

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