Brokerages Set Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Price Target at $46.67

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have earned a consensus recommendation of “Hold” from the eight research firms that are currently covering the firm, MarketBeat reports. Six research analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. The average 1 year target price among brokerages that have issued ratings on the stock in the last year is $46.67.

A number of brokerages have commented on PLAY. Loop Capital lowered their price target on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Gordon Haskett reaffirmed a “hold” rating and set a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial reduced their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research report on Thursday, January 16th. Finally, BMO Capital Markets dropped 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 report on Wednesday, December 11th.

Dave & Buster’s Entertainment Trading Up 0.5 %

NASDAQ PLAY opened at $19.83 on Friday. Dave & Buster’s Entertainment has a 12-month low of $17.02 and a 12-month high of $69.82. The company has a fifty day simple moving average of $23.04 and a two-hundred day simple moving average of $29.86. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock has a market cap of $763.51 million, a P/E ratio of 9.82 and a beta of 2.17.

Institutional Trading of Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently added to or reduced their stakes in PLAY. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter worth about $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC raised its holdings in Dave & Buster’s Entertainment by 22.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator’s stock worth $2,098,000 after purchasing an additional 13,309 shares during the period. Woodline Partners LP purchased a new position in Dave & Buster’s Entertainment during the fourth quarter worth approximately $6,702,000. Sapience Investments LLC grew its holdings in Dave & Buster’s Entertainment by 49.6% in the fourth quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator’s stock valued at $2,949,000 after purchasing an additional 33,508 shares during the period. Finally, ProShare Advisors LLC increased its position in shares of Dave & Buster’s Entertainment by 44.5% in the fourth quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator’s stock valued at $284,000 after buying an additional 2,996 shares in the last quarter. 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.