Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Down 3.4%

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) fell 3.4% on Monday . The stock traded as low as $37.03 and last traded at $37.51. 173,734 shares changed hands during trading, a decline of 86% from the average session volume of 1,234,430 shares. The stock had previously closed at $38.82.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLAY. UBS Group lowered their price target on Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating on the stock in a report on Wednesday, June 12th. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 13th. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $78.00 to $67.00 and set a “buy” rating for the company in a research note on Tuesday, June 11th. Loop Capital reduced their price objective on Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. Finally, Piper Sandler restated a “neutral” rating and issued a $71.00 price objective (up from $50.00) on shares of Dave & Buster’s Entertainment in a research note on Thursday, April 4th. Four analysts have rated the stock with a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $65.71.

Dave & Buster’s Entertainment Price Performance

The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41. The firm has a market cap of $1.40 billion, a PE ratio of 15.02 and a beta of 2.13. The stock has a 50 day simple moving average of $43.84 and a 200-day simple moving average of $52.57.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing the consensus estimate of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The company had revenue of $588.10 million for the quarter, compared to the consensus estimate of $615.88 million. During the same period last year, the company earned $1.45 EPS. The firm’s revenue for the quarter was down 1.5% on a year-over-year basis. Equities analysts anticipate that Dave & Buster’s Entertainment Inc will post 3.03 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of the stock in a transaction that occurred on Wednesday, July 3rd. The stock was purchased at an average price of $38.78 per share, with a total value of $521,125.64. Following the acquisition, the chief financial officer now owns 35,598 shares in the company, valued at $1,380,490.44. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 1.60% of the company’s stock.

Institutional Inflows and Outflows

A number of institutional investors have recently made changes to their positions in the business. Principal Securities Inc. bought a new stake in Dave & Buster’s Entertainment in the fourth quarter worth about $38,000. Federated Hermes Inc. increased its holdings in Dave & Buster’s Entertainment by 67.3% during the fourth quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after buying an additional 292 shares during the period. GAMMA Investing LLC purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $53,000. Headlands Technologies LLC purchased a new position in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $54,000. Finally, O Shaughnessy Asset Management LLC purchased a new position in Dave & Buster’s Entertainment during the first quarter valued at approximately $249,000. 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.