Loop Capital Issues Positive Forecast for Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective increased by stock analysts at Loop Capital from $35.00 to $46.00 in a report issued on Wednesday,Benzinga reports. The brokerage presently has a “buy” rating on the restaurant operator’s stock. Loop Capital’s price target would indicate a potential upside of 49.89% from the stock’s current price.

PLAY has been the topic of several other reports. Piper Sandler cut their price objective on Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a research report on Tuesday, April 8th. BMO Capital Markets cut their price objective on shares of Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating on the stock in a research report on Wednesday, April 9th. Truist Financial lifted their target price on Dave & Buster’s Entertainment from $18.00 to $22.00 and gave the stock a “hold” rating in a report on Thursday, June 5th. Finally, UBS Group lifted their price target on shares of Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday. One equities research analyst has rated the stock with a sell rating, six have given a hold rating and two have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has an average rating of “Hold” and an average price target of $33.83.

Dave & Buster’s Entertainment Trading Up 0.8%

Shares of PLAY stock opened at $30.69 on Wednesday. The stock has a market capitalization of $1.06 billion, a PE ratio of 15.19 and a beta of 2.00. Dave & Buster’s Entertainment has a 1-year low of $15.08 and a 1-year high of $46.90. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The business has a 50-day moving average of $20.83 and a 200 day moving average of $24.08.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share for the quarter, missing analysts’ consensus estimates of $0.96 by ($0.20). Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The firm had revenue of $567.70 million for the quarter, compared to analysts’ expectations of $572.12 million. During the same quarter in the prior year, the company posted $0.99 earnings per share. The business’s revenue for the quarter was down 3.5% on a year-over-year basis. As a group, sell-side analysts anticipate that Dave & Buster’s Entertainment will post 2.52 earnings per share for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several institutional investors and hedge funds have recently bought and sold shares of the stock. US Bancorp DE increased its stake in shares of Dave & Buster’s Entertainment by 442.0% in the first quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock worth $27,000 after purchasing an additional 1,273 shares in the last quarter. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $47,000. Signaturefd LLC raised its holdings in Dave & Buster’s Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after buying an additional 3,997 shares during the period. GAMMA Investing LLC raised its stake in shares of Dave & Buster’s Entertainment by 3,974.8% in the first quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 4,253 shares during the period. Finally, Federated Hermes Inc. purchased a new stake in Dave & Buster’s Entertainment in the 1st quarter worth about $139,000. 91.45% of the stock is currently 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.