Dave & Buster’s Entertainment (NASDAQ:PLAY) Hits New 1-Year Low – What’s Next?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price reached a new 52-week low during trading on Tuesday . The company traded as low as $19.07 and last traded at $19.14, with a volume of 2096030 shares traded. The stock had previously closed at $20.89.

Analysts Set New Price Targets

A number of brokerages have recently weighed in on PLAY. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Truist Financial dropped their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. BMO Capital Markets reduced their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. Gordon Haskett reissued a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Trading Down 8.4 %

The company’s fifty day moving average is $26.40 and its two-hundred day moving average is $31.40. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a market cap of $736.95 million, a price-to-earnings ratio of 9.48 and a beta of 2.17.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan acquired 19,025 shares of the stock in a transaction dated Thursday, December 19th. The stock was acquired at an average cost of $26.44 per share, with a total value of $503,021.00. Following the transaction, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. The trade was a 38.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently added to or reduced their stakes in PLAY. XTX Topco Ltd increased its stake in Dave & Buster’s Entertainment by 171.5% in the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after purchasing an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. grew its position in shares of Dave & Buster’s Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after buying an additional 15,015 shares during the last quarter. LMR Partners LLP acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth $3,167,000. NewEdge Wealth LLC lifted its position in Dave & Buster’s Entertainment by 13.4% in the fourth quarter. NewEdge Wealth LLC now owns 727,491 shares of the restaurant operator’s stock valued at $21,235,000 after acquiring an additional 85,820 shares during the last quarter. Finally, Intech Investment Management LLC boosted its stake in Dave & Buster’s Entertainment by 171.4% in the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after acquiring an additional 13,550 shares in the last quarter. Hedge funds and other 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.