How did Dave & Buster’s Entertainment Inc (PLAY) surprise investors with its report?

Dave & Buster’s Entertainment Inc [PLAY] stock is trading at $38.02, down -0.21%. It is a good measure of the stock’s recent performance to check whether the stock’s short-term value is rising or falling. The PLAY shares have gain 0.69% over the last week, with a monthly amount drifted -27.46%, and not seem to be holding up well over a long-time horizon.

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From an analyst’s perspective:

Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] stock has seen the most recent analyst activity on April 04, 2024, when Piper Sandler downgraded its rating to a Neutral and also boosted its price target to $71 from $50. Previously, Raymond James downgraded its rating to Mkt Perform on March 25, 2024. On September 07, 2023, downgrade downgraded it’s rating to Outperform and revised its price target to $55 on the stock. Piper Sandler started tracking the stock assigning a Overweight rating and suggested a price target of $56 on July 18, 2023. UBS initiated its recommendation with a Neutral and recommended $38 as its price target on May 08, 2023. Deutsche Bank upgraded its rating to Buy for this stock on November 08, 2022, but kept the price target unchanged to $48. In a note dated July 13, 2022, Deutsche Bank downgraded an Hold rating on this stock but restated the target price of $37.

Dave & Buster’s Entertainment Inc [PLAY] stock has fluctuated between $33.07 and $69.82 over the past year. Currently, Wall Street analysts expect the stock to reach $55.67 within the next 12 months. Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] shares were valued at $38.02 at the most recent close of the market. An investor can expect a potential return of 46.42% based on the average PLAY price forecast.

Analyzing the PLAY fundamentals

Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] reported sales of 2.20B for the trailing twelve months, which represents a drop of -1.54%. Gross Profit Margin for this corporation currently stands at 0.58% with Operating Profit Margin at 0.13%, Pretax Profit Margin comes in at 0.06%, and Net Profit Margin reading is 0.04%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.37 and Total Capital is 0.08. An extended analysis of the company’s primary financial structure reveals a debt-to-equity ratio of4.64.

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 37.62 points at the first support level, and at 37.27 for the second support level. However, for the 1st resistance point, the stock is sitting at 38.56, and for the 2nd resistance point, it is at 39.15.

Ratios To Look Out For

For context, Dave & Buster’s Entertainment Inc’s Current Ratio is 0.32. Further, the Quick Ratio stands at 0.24, while the Cash Ratio is 0.08. Considering the valuation of this stock, the price to sales ratio is 0.68, the price to book ratio is 5.24 and price to earnings (TTM) ratio is 16.21.

Transactions by insiders

Recent insider trading involved SHEEHAN KEVIN M, Director, that happened on Apr 04 ’24 when 50000.0 shares were sold. SVP, RE & Dev, Mulleady John completed a deal on Apr 04 ’24 to sell 42824.0 shares. Meanwhile, Director SHEEHAN KEVIN M sold 25000.0 shares on Apr 04 ’24.

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