Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Down 5.1% – Time to Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price fell 5.1% during mid-day trading on Tuesday . The stock traded as low as $20.17 and last traded at $20.08. 322,291 shares changed hands during trading, a decline of 78% from the average session volume of 1,471,609 shares. The stock had previously closed at $21.16.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of analyst reports. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Truist Financial cut their target price on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. Finally, Loop Capital lowered their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $46.67.

Dave & Buster’s Entertainment Stock Performance

The company has a market capitalization of $763.51 million, a price-to-earnings ratio of 9.82 and a beta of 2.17. The company has a 50 day moving average price of $23.14 and a 200 day moving average price of $29.93. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently added to or reduced their stakes in PLAY. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $47,000. SBI Securities Co. Ltd. acquired a new position in Dave & Buster’s Entertainment during the fourth quarter worth $47,000. KBC Group NV lifted its stake in shares of Dave & Buster’s Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $144,000. Institutional investors and hedge funds 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.