Dave & Buster’s Entertainment Inc [PLAY] stock is trading at $63.24, up 1.02%. One of the good ways to gauge the recent performance is if the stock’s short-term value is rising or falling. The PLAY shares have gain 2.43% over the last week, with a monthly amount glided 16.36%, and seem to be holding up well over a long-time horizon.
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On 19, January 2024, Dave & Buster’s Entertainment, Inc. Announces Opportunistic Term and Revolving Loan Repricing. In a post published today on Yahoo Finance, Dave & Buster’s Entertainment, Inc., (NASDAQ: PLAY), (“Dave & Buster’s” or “the Company”), an owner and operator of entertainment and dining venues, today announced that the Company successfully amended its credit agreement, achieving a reduction in the interest rate margin applicable to its term loans and revolving loans outstanding under its credit agreement by 60 basis points (inclusive of the removal of the 10 basis point credit spread adjustment) with an additional 25 basis point reduction with respect to the term loans upon achieving certain ratings from Moody’s and S&P. Term loans now bear an interest rate of SOFR + 325 basis points (versus SOFR + 375 prior to the amendment). The amendment is expected to result in over $5 million of annual cash interest savings. There are no changes to the maturity of the outstanding term loans and revolving loans as a result of the repricing.
From an analyst’s perspective:
Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] stock has seen the most recent analyst activity on September 07, 2023, when Raymond James downgraded its rating to a Outperform and also revised its price target to $55 from $60. Previously, Piper Sandler started tracking the stock with Overweight rating on July 18, 2023, and set its price target to $56. On May 08, 2023, UBS initiated with a Neutral rating and assigned a price target of $38 on the stock. Deutsche Bank upgraded its rating to a Buy but stick to its price target of $48 on November 08, 2022. Deutsche Bank downgraded its rating to a Hold but $37 remained the price target by the analyst firm on July 13, 2022. Gordon Haskett upgraded its rating to Buy for this stock on January 14, 2022, but kept the price target unchanged to $50. In a note dated October 06, 2021, Loop Capital initiated an Buy rating and provided a target price of $56 on this stock.
Dave & Buster’s Entertainment Inc [PLAY] stock has fluctuated between $31.65 and $64.90 over the past year. Currently, Wall Street analysts expect the stock to reach $48.5 within the next 12 months. Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] shares were valued at $63.24 at the most recent close of the market. An investor can expect a potential drop of -23.31% based on the average PLAY price forecast.
Analyzing the PLAY fundamentals
Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] reported sales of 2.17B for the trailing twelve months, which represents a drop of -2.97%. Gross Profit Margin for this corporation currently stands at 0.85% with Operating Profit Margin at 0.14%, Pretax Profit Margin comes in at 0.07%, and Net Profit Margin reading is 0.06%. To continue investigating profitability, this company’s Return on Assets is posted at 0.04, Equity is 0.4 and Total Capital is 0.09. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of13.92.
Before buying any particular stock, readers tend to pay close attention to the indicators that support and create resistance. The company’s stock is currently sitting at 62.62 points at the first support level, and at 61.99 for the second support level. However, for the 1st resistance point, the stock is sitting at 63.83, and for the 2nd resistance point, it is at 64.41.
Dave & Buster’s Entertainment Inc [PLAY] reported earnings per share of -$0.12 for its fiscal quarter that ended on 10/30/2023. Based on the Wall Street analysts’ estimates, the company was expected to report earnings of -$0.13/share, meaning a difference of $0.01 and a surprise factor of 7.70%. By comparison, the stated earnings for the previous quarter ended on 7/30/2023 were $0.6 per share as compared to estimates of $0.93 per share, a difference of -$0.33 representing a surprise of -35.50%.
Ratios To Look Out For
For context, Dave & Buster’s Entertainment Inc’s Current Ratio is 0.37. Also, the Quick Ratio is 0.27, while the Cash Ratio stands at 0.15. Considering the valuation of this stock, the price to sales ratio is 1.17, the price to book ratio is 12.01 and price to earnings (TTM) ratio is 23.27.
Transactions by insiders
Recent insider trading involved Mulleady John, SVP, RE & Dev, that happened on Jan 16 ’24 when 7500.0 shares were sold. SVP, RE & Dev, Mulleady John completed a deal on Sep 15 ’23 to sell 7500.0 shares. Meanwhile, Director Griffith Michael J sold 6470.0 shares on Sep 12 ’23.
