Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target Cut to $27.00 by Analysts at Truist Financial

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price target cut by Truist Financial from $36.00 to $27.00 in a research report released on Thursday,Benzinga reports. They currently have a hold rating on the restaurant operator’s stock.

A number of other equities research analysts have also recently commented on PLAY. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday, December 12th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Benchmark began coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus target price of $52.25.

Dave & Buster’s Entertainment Stock Performance

Shares of Dave & Buster’s Entertainment stock opened at $24.83 on Thursday. The firm’s fifty day simple moving average is $32.79 and its 200-day simple moving average is $33.98. Dave & Buster’s Entertainment has a 12 month low of $22.83 and a 12 month high of $69.82. The stock has a market capitalization of $956.03 million, a price-to-earnings ratio of 12.29 and a beta of 2.17. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the transaction, the chief executive officer now owns 69,025 shares in the company, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently bought and sold shares of PLAY. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter worth $28,000. Quarry LP purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at about $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Dave & Buster’s Entertainment during the 3rd quarter valued at about $144,000. Finally, Quantbot Technologies LP acquired a new position in Dave & Buster’s Entertainment during the third quarter worth about $196,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.