Deutsche Bank Aktiengesellschaft Lowers Dave & Buster’s Entertainment (NASDAQ:PLAY) Price Target to $50.00

Dave & Buster’s Entertainment (NASDAQ:PLAY) had its target price cut by analysts at Deutsche Bank Aktiengesellschaft from $57.00 to $50.00 in a research note issued on Monday, The Fly reports. The firm presently has a “buy” rating on the restaurant operator’s stock. Deutsche Bank Aktiengesellschaft’s price target would indicate a potential upside of 43.84% from the company’s previous close.

Several other equities research analysts also recently commented on PLAY. Piper Sandler lifted their price objective on shares of Dave & Buster’s Entertainment from $49.00 to $53.00 and gave the stock a “neutral” rating in a research note on Friday, June 11th. Wells Fargo & Company lifted their price objective on shares of Dave & Buster’s Entertainment from $38.00 to $40.00 and gave the stock an “underweight” rating in a research note on Friday, September 10th. Truist raised their target price on shares of Dave & Buster’s Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 10th. Stifel Nicolaus cut shares of Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating and reduced their target price for the stock from $58.00 to $40.00 in a report on Monday, August 30th. Finally, Truist Securities raised their target price on shares of Dave & Buster’s Entertainment from $54.00 to $56.00 and gave the stock a “buy” rating in a report on Friday, September 10th. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating, five have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Buy” and a consensus price target of $50.00.

NASDAQ:PLAY opened at $34.76 on Monday. Dave & Buster’s Entertainment has a 12 month low of $13.01 and a 12 month high of $51.73. The firm has a fifty day simple moving average of $35.44 and a 200-day simple moving average of $40.71. The company has a current ratio of 0.40, a quick ratio of 0.32 and a debt-to-equity ratio of 3.01. The company has a market capitalization of $1.68 billion, a P/E ratio of -47.62, a PEG ratio of 1.49 and a beta of 2.11.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Wednesday, September 8th. The restaurant operator reported $1.07 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.58 by $0.49. Dave & Buster’s Entertainment had a negative net margin of 3.73% and a negative return on equity of 18.06%. The business had revenue of $377.64 million during the quarter, compared to the consensus estimate of $358.46 million. During the same period in the previous year, the firm posted ($1.19) earnings per share. The business’s revenue for the quarter was up 642.9% compared to the same quarter last year. Equities analysts forecast that Dave & Buster’s Entertainment will post 1.61 EPS for the current year.

In other Dave & Buster’s Entertainment news, SVP John Mulleady sold 3,000 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, June 24th. The shares were sold at an average price of $41.66, for a total value of $124,980.00. Following the completion of the transaction, the senior vice president now owns 76,729 shares of the company’s stock, valued at $3,196,530.14. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 3.57% of the stock is currently owned by insiders.

Institutional investors and hedge funds have recently added to or reduced their stakes in the business. Steward Partners Investment Advisory LLC increased its stake in shares of Dave & Buster’s Entertainment by 674.0% during the second quarter. Steward Partners Investment Advisory LLC now owns 774 shares of the restaurant operator’s stock worth $31,000 after purchasing an additional 674 shares in the last quarter. Harvest Fund Management Co. Ltd purchased a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth about $37,000. Eagle Bay Advisors LLC purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth about $41,000. Captrust Financial Advisors increased its stake in shares of Dave & Buster’s Entertainment by 388.0% during the first quarter. Captrust Financial Advisors now owns 976 shares of the restaurant operator’s stock worth $47,000 after purchasing an additional 776 shares in the last quarter. Finally, Point72 Hong Kong Ltd purchased a new stake in shares of Dave & Buster’s Entertainment during the first quarter worth about $51,000. 95.65% 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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