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

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its price objective hoisted by equities research analysts at UBS Group from $18.00 to $29.00 in a research note issued on Wednesday,Benzinga reports. The brokerage presently has a “neutral” rating on the restaurant operator’s stock. UBS Group’s target price suggests a potential downside of 5.51% from the stock’s current price.

PLAY has been the topic of a number of other reports. Piper Sandler dropped their price objective on shares of Dave & Buster’s Entertainment from $33.00 to $22.00 and set a “neutral” rating on the stock in a report on Tuesday, April 8th. Loop Capital lowered their price target on Dave & Buster’s Entertainment from $45.00 to $35.00 and set a “buy” rating for the company in a research report on Tuesday, April 8th. Truist Financial boosted their price target on Dave & Buster’s Entertainment from $18.00 to $22.00 and gave the company a “hold” rating in a research note on Thursday, June 5th. Finally, BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $47.00 to $30.00 and set an “outperform” rating for the company in a research note on Wednesday, April 9th. 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’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and an average target price of $33.83.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $30.69 on Wednesday. The company has a market cap of $1.06 billion, a P/E ratio of 15.19 and a beta of 2.00. 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 firm’s 50-day moving average price is $20.83 and its 200-day moving average price is $24.08. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week high of $46.90.

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

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. US Bancorp DE boosted its holdings in 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 valued at $27,000 after purchasing an additional 1,273 shares during the last quarter. SBI Securities Co. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at about $47,000. Signaturefd LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 1,427.5% in 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 boosted 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 worth $77,000 after buying an additional 4,253 shares during the last quarter. Finally, Federated Hermes Inc. acquired a new stake in Dave & Buster’s Entertainment during the first quarter worth about $139,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.