Media coverage about Dave & Buster’s Entertainment (NASDAQ:PLAY) has been trending somewhat negative recently, according to InfoTrie Sentiment. The research group identifies negative and positive news coverage by monitoring more than 6,000 news and blog sources. The firm ranks coverage of publicly-traded companies on a scale of negative five to positive five, with scores closest to five being the most favorable. Dave & Buster’s Entertainment earned a daily sentiment score of -1.50 on their scale. InfoTrie also gave press coverage about the restaurant operator an news buzz score of 0 out of 10, meaning that recent news coverage is extremely unlikely to have an effect on the stock’s share price in the immediate future.
Here are some of the media headlines that may have impacted Dave & Buster’s Entertainment’s score:
Several research firms recently issued reports on PLAY. BMO Capital Markets increased their target price on Dave & Buster’s Entertainment from $13.00 to $15.00 and gave the stock a “market perform” rating in a research report on Friday, June 12th. Jefferies Financial Group raised their price objective on Dave & Buster’s Entertainment from $8.50 to $11.50 and gave the company a “hold” rating in a research note on Wednesday, April 22nd. TheStreet lowered Dave & Buster’s Entertainment from a “c-” rating to a “d+” rating in a research note on Thursday, June 11th. Piper Sandler lowered Dave & Buster’s Entertainment from an “overweight” rating to a “neutral” rating and decreased their price target for the stock from $44.00 to $7.00 in a research note on Tuesday, March 17th. Finally, BidaskClub lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Saturday, June 27th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating and five have issued a buy rating to the company’s stock. The stock presently has a consensus rating of “Hold” and an average target price of $29.79.
Shares of PLAY stock traded down $0.24 during trading hours on Tuesday, reaching $11.56. The company had a trading volume of 105,787 shares, compared to its average volume of 8,773,526. The company has a debt-to-equity ratio of 10.36, a quick ratio of 0.62 and a current ratio of 0.73. The stock has a fifty day moving average of $14.64 and a 200-day moving average of $24.15. The company has a market capitalization of $573.70 million, a price-to-earnings ratio of 33.03 and a beta of 1.61. Dave & Buster’s Entertainment has a 12-month low of $4.61 and a 12-month high of $48.80.
Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings results on Thursday, June 11th. The restaurant operator reported ($1.37) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of ($0.85) by ($0.52). The company had revenue of $159.80 million during the quarter, compared to analysts’ expectations of $167.83 million. Dave & Buster’s Entertainment had a net margin of 1.24% and a return on equity of 8.89%. Dave & Buster’s Entertainment’s revenue for the quarter was down 56.1% on a year-over-year basis. During the same quarter last year, the company earned $1.13 earnings per share. On average, analysts forecast that Dave & Buster’s Entertainment will post -3.42 EPS for the current year.
In other news, SVP John Mulleady sold 11,854 shares of the stock in a transaction on Friday, June 26th. The stock was sold at an average price of $13.83, for a total value of $163,940.82. Following the sale, the senior vice president now directly owns 44,862 shares in the company, valued at $620,441.46. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, CEO Brian Jenkins sold 13,370 shares of the stock in a transaction on Wednesday, June 24th. The shares were sold at an average price of $15.40, for a total value of $205,898.00. Following the completion of the sale, the chief executive officer now owns 166,912 shares in the company, valued at $2,570,444.80. The disclosure for this sale can be found here. Insiders have sold 74,032 shares of company stock worth $999,462 over the last 90 days. 4.70% of the stock is owned by insiders.
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.
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