In yesterday’s Wall Street session, Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY) shares traded at $35.11, down -6.12% from the previous session.
As of this writing, 10 analysts cover Dave & Buster’s Entertainment Inc. (NASDAQ:PLAY). The consensus rating among analysts is ‘Overweight’. As we calculate the median target price by taking the range between a high of $59.00 and a low of $40.00, we find $55.00. Given the previous closing price of $37.40, this indicates a potential upside of 47.06 percent. PLAY stock price is now -17.95% away from the 50-day moving average and -9.85% away from the 200-day moving average. The market capitalization of the company currently stands at $1.49B.
There are 2 analysts who have given it a hold rating, whereas 7 have given it a buy rating. Brokers who have rated the stock have averaged $51.56 as their price target over the next twelve months.
With the price target reduced from $60 to $55, Raymond James Downgraded its rating from Strong Buy to Outperform for Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY).
In other news, Mulleady John, SVP, RE & Dev sold 7,500 shares of the company’s stock on Jun 15. The stock was sold for $324,811 at an average price of $43.31. Upon completion of the transaction, the SVP, RE & Dev now directly owns 68,312 shares in the company, valued at $2.4 million. An SEC document containing details of the transaction can be found on the SEC’s website. On Apr 13, SVP, Chief Int’l Dev Ofc Pineiro Antonio bought 500 shares of the business’s stock. A total of $17,450 was incurred on buying the stock at an average price of $34.90. This leaves the insider owning 23,812 shares of the company worth $0.84 million. Insiders disposed of 39,427 shares of company stock worth roughly $1.38 million over the past 1 year. A total of 1.10% of the company’s stock is owned by insiders.
There have been several recent changes in the stakes of large investors in PLAY stock. A new stake in Dave & Buster’s Entertainment Inc. shares was purchased by CANDLESTICK CAPITAL MANAGEMENT LP during the first quarter worth $34,282,000. EMINENCE CAPITAL, LP invested $29,586,000 in shares of PLAY during the first quarter. In the first quarter, J. GOLDMAN & CO LP acquired a new stake in Dave & Buster’s Entertainment Inc. valued at approximately $25,218,000. TREXQUANT INVESTMENT LP acquired a new stake in PLAY for approximately $3,908,000. VOLORIDGE INVESTMENT MANAGEMENT, LLC purchased a new stake in PLAY valued at around $3,122,000 in the second quarter. In total, there are 315 active investors with 117.84% ownership of the company’s stock.
Thursday morning saw Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) opened at $36.50. During the past 12 months, Dave & Buster’s Entertainment Inc. has had a low of $30.36 and a high of $47.29. As of last week, the company has a debt-to-equity ratio of 3.42, a current ratio of 0.50, and a quick ratio of 0.40. According to the stock market information, the enterprise value for the company is $4.39B, which is based on a 12.22 price-to-earnings ratio, a 2.08 price-to-earnings-growth ratio, and a beta of 2.02. The fifty day moving average price for PLAY is $42.62 and a two-hundred day moving average price translates $38.93 for the stock.
The latest earnings results from Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) was released for Apr, 2023. According to the Entertainment Company, earnings per share came in at $0.6, missing analysts’ expectations of $0.93 by -0.33. This compares to $0.59 EPS in the same period last year. The net profit margin was 6.60% and return on equity was 37.70% for PLAY. The company reported revenue of $542.1 million for the quarter, compared to $468.4 million a year earlier. Comparatively to last year’s same quarter, the company’s quarterly revenue rose 15.73 percent. For the current quarter, analysts expect PLAY to generate $499.28M in revenue.
Moreover, the firm recently paid out its quarterly dividend on 02/10/2020. Investors who held shares on 01/10/2020 were paid a $0.16 dividend.
Dave & Buster’s Entertainment Inc.(PLAY) Company Profile
Dave & Buster’s Entertainment, Inc. owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of entrées and appetizers, as well as a selection of alcoholic and non-alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events. The company operates its venues under the Dave & Buster’s name. The company was founded in 1982 and is headquartered in Coppell, Texas.
