Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) received a consensus rating of “Moderate Buy” from brokers.

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Rating) has received a consensus rating of “Moderate Buy” from the nine rating firms that currently cover the company, reports Marketbeat.com. One analyst has rated the stock with a sell recommendation, three with a hold recommendation, three with a buy recommendation and one with a strong buy recommendation. The average 12-month target price among brokers who have updated their coverage of the stock over the past year is $51.38.

Several brokers have recently published reports about PLAY. Raymond James lowered its target price on shares of Dave & Buster’s Entertainment from $60.00 to $55.00 and gave the stock a “strong buy” rating in a research report on Wednesday, July 13. Deutsche Bank Aktiengesellschaft increased its target price on shares of Dave & Buster’s Entertainment to $48.00 from $37.00 and gave the stock a “hold” rating in a research report on Friday, September 9. Piper Sandler lowered its target price on shares of Dave & Buster’s Entertainment from $44.00 to $34.00 and rated the stock as “neutral” in a research report on Wednesday, October 5. StockNews.com reported on Wednesday, October 12th in a research report on shares of Dave & Buster’s Entertainment. They give the stock a “sell” rating. Finally, Truist Financial raised its target price on shares of Dave & Buster’s Entertainment to $62.00 from $57.00 and issued a research report on Thursday, September 8th with a ‘buy’ rating of the company.

Insider buying and selling

In other news from Dave & Buster’s Entertainment, COO Tony Wehner bought 14,823 shares of the stock in a transaction that took place on Friday, October 14th. The stock was acquired at an average price of $33.86 per share for a total value of $501,906.78. Following the purchase, the Chief Operating Officer now owns 31,243 shares of the company, valued at $1,057,887.98. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC’s website. In related news, SVP Les Lehner acquired 12,154 shares of the company’s shares in a transaction on Wednesday, October 12. The stock was purchased at an average price of $32.81 per share for a total value of $398,772.74. Following the acquisition, the senior vice president now owns 28,725 shares of the company, valued at approximately $942,467.25. The purchase was disclosed in a filing with the Securities & Exchange Commission, available through the SEC’s website. In addition, COO Tony Wehner acquired 14,823 shares of the company’s shares in a transaction on Friday, October 14. The stock was purchased at an average price of $33.86 per share for a total value of $501,906.78. Following the acquisition, the Chief Operating Officer now owns 31,243 shares of the Company, valued at approximately $1,057,887.98. The disclosure for this purchase can be found here. Over the past three months, insiders have purchased 181,977 shares of the company’s stock valued at $5,821,830. 3.21% of the shares are owned by company insiders.

Institutional investors rely on Dave & Buster’s Entertainment

Major investors recently changed their positions in the stock. Lazard Asset Management LLC acquired a new $32,000 stake in Dave & Buster’s Entertainment during the first quarter. First Personal Financial Services acquired a new $33,000 interest in Dave & Buster’s Entertainment during the third quarter. Nisa Investment Advisors LLC increased its stake in Dave & Buster’s Entertainment by 68.9% during the first quarter. Nisa Investment Advisors LLC now owns 1,030 shares of the restaurant operator, valued at $51,000, after buying another 420 shares last quarter. Focused Wealth Management Inc acquired a new $69,000 stake in Dave & Buster’s Entertainment during the first quarter. Finally, FNY Investment Advisers LLC acquired a new $76,000 stake in Dave & Buster’s Entertainment during Q1. Institutional investors and hedge funds own 99.21% of the company’s shares.

Dave & Buster’s Entertainment shares up 1.6%

PLAY opened at $38.83 on Friday. The company’s 50-day simple moving average is $36.66 and its 200-day simple moving average is $37.90. The company has a debt to equity ratio of 3.42, a quick ratio of 0.41 and a current ratio of 0.53. Dave & Buster’s Entertainment has a 12-month low of $29.60 and a 12-month high of $52.54. The company has a market cap of $1.87 billion, a price-to-earnings ratio of 14.54, a PEG ratio of 0.86 and a beta of 1.79.

Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Rating) last released its earnings results on Wednesday, September 7th. The restaurant operator reported earnings per share of $0.59 for the quarter, missing the consensus estimate of $1.07 ($0.48). Dave & Buster’s Entertainment had a return on equity of 43.40% and a net margin of 8.37%. The company had revenue of $468.40 million for the quarter, compared to the consensus estimate of $432.92 million. In the same period last year, the company posted $1.07 per share. The company’s revenue for the quarter increased 24.0% compared to the same quarter last year. Equity analysts expect Dave & Buster’s Entertainment to post 2.79 EPS for the current fiscal year.

Dave & Buster’s entertainment company profile

(received rating)

Dave & Buster’s Entertainment, Inc owns and operates adult and family entertainment and dining venues. Venues will offer a menu of main courses and appetizers, along with a selection of non-alcoholic and alcoholic beverages. and a selection of entertainment attractions focused on playing games and watching live sports and other televised events.

Further reading

Analyst Recommendations for Dave & Buster's Entertainment (NASDAQ:PLAY)

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