BMO Capital Markets Has Lowered Expectations for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price cut by BMO Capital Markets from $55.00 to $51.00 in a research report sent to investors on Tuesday,Benzinga reports. They currently have an outperform rating on the restaurant operator’s stock.

Other research analysts have also recently issued reports about the company. Truist Financial lowered their target price on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating for the company in a research note on Tuesday. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Loop Capital decreased their price target on 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 assumed coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat, the stock currently has a consensus rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Trading Up 4.5 %

PLAY opened at $39.32 on Tuesday. Dave & Buster’s Entertainment has a 12 month low of $29.31 and a 12 month high of $69.82. The stock has a market capitalization of $1.55 billion, a price-to-earnings ratio of 14.35 and a beta of 2.13. The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The business has a fifty day moving average price of $36.14 and a 200 day moving average price of $37.99.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, topping the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the previous year, the firm posted $0.94 EPS. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% on a year-over-year basis. Sell-side analysts expect that Dave & Buster’s Entertainment will post 2.59 earnings per share for the current fiscal year.

Insider Activity

In other news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster’s Entertainment stock in a transaction dated Monday, October 7th. The stock was acquired at an average cost of $33.67 per share, with a total value of $502,087.04. Following the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this link. Company insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently made changes to their positions in the company. Kimelman & Baird LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter valued at about $28,000. Quarry LP purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $121,000. O Shaughnessy Asset Management LLC purchased a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $249,000. Finally, Allspring Global Investments Holdings LLC raised its stake in Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.