Analysts’ Weekly Ratings Changes for Dave & Buster’s Entertainment (PLAY)

A number of firms have modified their ratings and price targets on shares of Dave & Buster’s Entertainment (NASDAQ: PLAY) recently:

• 4/10/2024 – Dave & Buster’s Entertainment was upgraded by analysts at StockNews.com from a “sell” rating to a “hold” rating.
• 4/4/2024 – Dave & Buster’s Entertainment had its “neutral” rating reaffirmed by analysts at Piper Sandler. They now have a $71.00 price target on the stock, up previously from $50.00.
• 4/3/2024 – Dave & Buster’s Entertainment had its price target raised by analysts at BMO Capital Markets from $60.00 to $75.00. They now have an “outperform” rating on the stock.
• 4/3/2024 – Dave & Buster’s Entertainment had its price target raised by analysts at UBS Group AG from $60.00 to $66.00. They now have a “neutral” rating on the stock.
• 4/3/2024 – Dave & Buster’s Entertainment had its price target raised by analysts at Truist Financial Co. from $75.00 to $78.00. They now have a “buy” rating on the stock.
• 4/2/2024 – Dave & Buster’s Entertainment was downgraded by analysts at StockNews.com from a “hold” rating to a “sell” rating.
• 3/25/2024 – Dave & Buster’s Entertainment had its “market perform” rating reaffirmed by analysts at Raymond James.
• 3/6/2024 – Dave & Buster’s Entertainment had its price target raised by analysts at Jefferies Financial Group Inc. from $60.00 to $80.00. They now have a “buy” rating on the stock.
• 2/27/2024 – Dave & Buster’s Entertainment had its price target raised by analysts at Truist Financial Co. from $66.00 to $75.00. They now have a “buy” rating on the stock.

Dave & Buster’s Entertainment Trading Up 0.1 %

NASDAQ PLAY traded up $0.07 during trading hours on Friday, hitting $53.70. 949,851 shares of the company’s stock were exchanged, compared to its average volume of 1,156,522. The firm has a market cap of $2.16 billion, a price-to-earnings ratio of 19.11 and a beta of 2.08. The stock has a 50-day simple moving average of $61.32 and a 200 day simple moving average of $50.07. The company has a current ratio of 0.32, a quick ratio of 0.23 and a debt-to-equity ratio of 5.11. Dave & Buster’s Entertainment Inc has a 1-year low of $31.65 and a 1-year high of $69.82.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 42,824 shares of the firm’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total value of $2,851,221.92. Following the completion of the sale, the senior vice president now owns 57,132 shares of the company’s stock, valued at $3,803,848.56. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Dave & Buster’s Entertainment news, Director Michael J. Griffith sold 5,203 shares of the business’s stock in a transaction that occurred on Thursday, April 4th. The stock was sold at an average price of $65.57, for a total transaction of $341,160.71. Following the completion of the sale, the director now directly owns 33,546 shares of the company’s stock, valued at approximately $2,199,611.22. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, SVP John Mulleady sold 42,824 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, April 4th. The stock was sold at an average price of $66.58, for a total transaction of $2,851,221.92. Following the transaction, the senior vice president now directly owns 57,132 shares in the company, valued at $3,803,848.56. The disclosure for this sale can be found here. Insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Point72 Europe London LLP bought a new position in Dave & Buster’s Entertainment during the fourth quarter valued at $26,000. Lazard Asset Management LLC bought a new position in shares of Dave & Buster’s Entertainment during the 1st quarter worth $32,000. Principal Securities Inc. purchased a new stake in Dave & Buster’s Entertainment in the 4th quarter worth about $38,000. Federated Hermes Inc. raised its stake in Dave & Buster’s Entertainment by 67.3% in the 4th quarter. Federated Hermes Inc. now owns 726 shares of the restaurant operator’s stock valued at $39,000 after acquiring an additional 292 shares during the period. Finally, FSC Wealth Advisors LLC bought a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at about $45,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

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.