A share price of Dave & Buster’s Entertainment Inc [PLAY] is currently trading at $64.43, up 2.92%. Until recently, the best way to gauge how the stock has performed was to look at its short-term value. The PLAY shares have gain 5.73% over the last week, with a monthly amount glided 4.36%, and seem to be holding up well over a long-time horizon.
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On 19, March 2024, Dave & Buster’s Entertainment, Inc. to Report Fourth Quarter and Fiscal Year End 2023 Financial Results on April 2, 2024. 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 it will report financial results for its fourth quarter and fiscal year ended February 4, 2024 after the market closes on Tuesday, April 2, 2024.
From an analyst’s perspective:
Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] stock has seen the most recent analyst activity on March 25, 2024, when Raymond James downgraded its rating to a Mkt Perform. Previously, Raymond James downgraded its rating to Outperform on September 07, 2023, and dropped its price target to $55. On July 18, 2023, Piper Sandler initiated with a Overweight rating and assigned a price target of $56 on the stock. UBS started tracking the stock assigning a Neutral rating and suggested a price target of $38 on May 08, 2023. Deutsche Bank upgraded its rating to a Buy but $48 remained the price target by the analyst firm on November 08, 2022. Deutsche Bank downgraded its rating to Hold for this stock on July 13, 2022, but kept the price target unchanged to $37. In a note dated January 14, 2022, Gordon Haskett upgraded an Buy rating on this stock but restated the target price of $50.
Dave & Buster’s Entertainment Inc experienced fluctuations in its stock price throughout the past year between $31.65 and $64.90. 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 $64.43 at the most recent close of the market. An investor can expect a potential drop of -24.72% based on the average PLAY price forecast.
Analyzing the PLAY fundamentals
Trailing Twelve Months sales for Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] were 2.17B which represents -2.97% decline. 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 63.07 points at the first support level, and at 61.72 for the second support level. However, for the 1st resistance point, the stock is sitting at 65.39, and for the 2nd resistance point, it is at 66.36.
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
To put it in perspective, the Current Ratio for Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] is 0.37. As well, the Quick Ratio is 0.27, while the Cash Ratio is 0.15. Considering the valuation of this stock, the price to sales ratio is 1.19, the price to book ratio is 12.24 and price to earnings (TTM) ratio is 23.71.
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.
