Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Up 8.2% – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price traded up 8.2% on Thursday . The company traded as high as $36.88 and last traded at $36.85. 953,036 shares were traded during trading, a decline of 24% from the average session volume of 1,261,298 shares. The stock had previously closed at $34.07.

Analyst Ratings Changes

A number of brokerages have recently commented on PLAY. Loop Capital cut their price objective on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating for the company in a research report on Thursday, September 12th. BMO Capital Markets lowered their target price on shares of Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a report on Wednesday, September 11th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. Finally, Truist Financial reduced their price target on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have given a hold rating and five have given a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus price target of $62.57.

Dave & Buster’s Entertainment Stock Up 7.6 %

The company has a current ratio of 0.24, a quick ratio of 0.14 and a debt-to-equity ratio of 4.54. The company has a market capitalization of $1.45 billion, a price-to-earnings ratio of 15.26 and a beta of 2.15. The company has a 50-day moving average of $32.73 and a 200-day moving average of $41.08.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company’s revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business posted $0.94 EPS. On average, equities analysts predict that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share for the current fiscal year.

Insider Buying and Selling

In related news, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The stock was purchased at an average price of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, 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 0.00 % increase in their position. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. SG Americas Securities LLC increased its position in Dave & Buster’s Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares during the last quarter. Quadrature Capital Ltd boosted its position in shares of Dave & Buster’s Entertainment by 150.1% during the first quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock worth $2,647,000 after purchasing an additional 25,376 shares in the last quarter. Edgestream Partners L.P. bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at about $1,417,000. Keeley Teton Advisors LLC bought a new stake in Dave & Buster’s Entertainment in the 1st quarter valued at $1,803,000. Finally, Quantbot Technologies LP acquired a new position in Dave & Buster’s Entertainment during the 1st quarter worth approximately $2,401,000. Institutional investors and hedge funds 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.