BidaskClub lowered shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) from a hold rating to a sell rating in a report published on Saturday morning, BidAskClub reports.

Several other research firms have also recently weighed in on PLAY. Longbow Research reduced their price objective on Dave & Buster’s Entertainment from $50.00 to $18.00 and set a buy rating for the company in a research report on Monday, April 6th. SunTrust Banks raised Dave & Buster’s Entertainment from a hold rating to a buy rating and increased their price objective for the company from $17.00 to $22.00 in a research report on Friday, June 12th. ValuEngine raised Dave & Buster’s Entertainment from a hold rating to a buy rating in a research report on Monday, June 1st. BMO Capital Markets increased their price objective on Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the company a market perform rating in a research report on Friday, June 12th. Finally, Piper Sandler cut Dave & Buster’s Entertainment from an overweight rating to a neutral rating and reduced their price objective for the company from $44.00 to $7.00 in a research report on Tuesday, March 17th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and five have given a buy rating to the company’s stock. Dave & Buster’s Entertainment currently has a consensus rating of Hold and an average target price of $29.79.

Shares of PLAY stock opened at $13.14 on Friday. Dave & Buster’s Entertainment has a 12 month low of $4.61 and a 12 month high of $48.80. The company has a quick ratio of 0.62, a current ratio of 0.73 and a debt-to-equity ratio of 10.36. The business’s 50 day moving average is $14.15 and its two-hundred day moving average is $25.90. The company has a market cap of $623.49 million, a PE ratio of 37.54 and a beta of 1.56.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) EPS for the quarter, missing the consensus estimate of ($0.85) by ($0.52). Dave & Buster’s Entertainment had a net margin of 1.24% and a return on equity of 8.89%. The company had revenue of $159.80 million for the quarter, compared to analyst estimates of $167.83 million. During the same quarter last year, the business earned $1.13 EPS. The company’s revenue for the quarter was down 56.1% on a year-over-year basis. As a group, equities analysts expect that Dave & Buster’s Entertainment will post -3.42 EPS for the current fiscal year.

In related news, CEO Brian Jenkins sold 38,808 shares of the firm’s stock in a transaction on Tuesday, May 26th. The stock was sold at an average price of $12.90, for a total value of $500,623.20. Following the completion of the transaction, the chief executive officer now directly owns 166,912 shares of the company’s stock, valued at $2,153,164.80. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Stephen M. King sold 10,000 shares of Dave & Buster’s Entertainment stock in a transaction on Tuesday, May 26th. The shares were sold at an average price of $12.90, for a total value of $129,000.00. Following the transaction, the director now directly owns 76,483 shares of the company’s stock, valued at $986,630.70. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 74,032 shares of company stock valued at $999,462. 4.70% of the stock is owned by company insiders.

Several hedge funds and other institutional investors have recently modified their holdings of the business. Kohlberg Kravis Roberts & Co. L.P. lifted its holdings in shares of Dave & Buster’s Entertainment by 89.4% during the first quarter. Kohlberg Kravis Roberts & Co. L.P. now owns 2,725,800 shares of the restaurant operator’s stock valued at $35,653,000 after acquiring an additional 1,286,292 shares during the period. Eminence Capital LP bought a new position in shares of Dave & Buster’s Entertainment during the first quarter valued at $22,001,000. State Street Corp lifted its holdings in shares of Dave & Buster’s Entertainment by 5.6% during the first quarter. State Street Corp now owns 980,290 shares of the restaurant operator’s stock valued at $12,822,000 after acquiring an additional 52,292 shares during the period. Empire Life Investments Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 305.2% during the first quarter. Empire Life Investments Inc. now owns 566,462 shares of the restaurant operator’s stock valued at $7,409,000 after acquiring an additional 426,665 shares during the period. Finally, Mic Capital Partners Public US IM LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 39.6% during the first quarter. Mic Capital Partners Public US IM LLC now owns 548,513 shares of the restaurant operator’s stock valued at $7,175,000 after acquiring an additional 155,492 shares during the period. 89.10% of the stock is owned by 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.

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

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