Dave & Buster’s Entertainment Inc’s stock (PLAY) continues to rise above its goal

At the time of writing, Dave & Buster’s Entertainment Inc [PLAY] stock is trading at $33.06, up 3.34%. An important factor to consider is whether the stock is rising or falling in short-term value. The PLAY shares have gain 0.52% over the last week, with a monthly amount glided 4.59%, and 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.

For the past year, the stock price of Dave & Buster’s Entertainment Inc fluctuated between $29.31 and $69.82. Currently, Wall Street analysts expect the stock to reach $54.9 within the next 12 months. Dave & Buster’s Entertainment Inc [NASDAQ: PLAY] shares were valued at $33.06 at the most recent close of the market. An investor can expect a potential return of 66.06% based on the average PLAY price forecast.

Analyzing the PLAY fundamentals

According to Dave & Buster’s Entertainment Inc [NASDAQ:PLAY], the company’s sales were 2.21B for trailing twelve months, which represents an 2.77% jump. 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 0.05%. To continue investigating profitability, this company’s Return on Assets is posted at 0.03, Equity is 0.43 and Total Capital is 0.08. Upon thorough examination of the company’s fundamental financial framework, it becomes apparent that the debt-to-equity ratio stands at 10.39.

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 32.47 points at the first support level, and at 31.88 for the second support level. However, for the 1st resistance point, the stock is sitting at 33.58, and for the 2nd resistance point, it is at 34.09.

Ratios To Look Out For

It is important to note that Dave & Buster’s Entertainment Inc [NASDAQ:PLAY] has a current ratio of 0.24. On the other hand, the Quick Ratio is 0.14, and the Cash Ratio is 0.03. Considering the valuation of this stock, the price to sales ratio is 0.59, the price to book ratio is 4.57 and price to earnings (TTM) ratio is 12.08.

Transactions by insiders

Recent insider trading involved Steve Klohn, Officer, that happened on Sep 12 ’24 when 14287.0 shares were purchased. SVP Chief Information Officer, Klohn Steve completed a deal on Sep 12 ’24 to sell 17512.0 shares. Meanwhile, Officer Klohn Steve bought 3225.0 shares on Sep 12 ’24.

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