In today’s recent session, 4.47 million shares of the Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been traded, and its beta is 2.14. Most recently the company’s share price was $30.88, and it changed around -$5.92 or -16.09% from the last close, which brings the market valuation of the company to $1.21B. PLAY at last check was trading at a discount to its 52-week high of $69.82, offering almost -126.1% off that amount. The share price’s 52-week low was $29.31, which indicates that the recent value has risen by an impressive 5.08% since then. We note from Dave & Buster’s Entertainment Inc’s average daily trading volume that its 10-day average is 1.56 million shares, with the 3-month average coming to 1.43 million.
Dave & Buster’s Entertainment Inc stock received a consensus recommendation rating of Hold, based on a mean score of 2.40. If we narrow it down even further, the data shows that 0 out of 13 analysts rate the stock as a Sell; another 1 rate it as Overweight. Among the rest, 7 recommended PLAY as a Hold, whereas 5 deemed it a Buy, and 0 rated it as Underweight. Dave & Buster’s Entertainment Inc is expected to report earnings per share of 0.79 for the current quarter.
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Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) trade information
Instantly PLAY has been showing red trend so far today with a performance of -16.09% on intraday trading today. The performance over the last five days has remained in the red territory. The rise to weekly highs of 39.17 on recent trading dayincreased the stock’s daily price by 21.16%. The company’s shares are currently down -42.66% year-to-date, but still down -17.50% over the last five days. On the other hand, Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) is -24.55% down in the 30-day period. We can see from the shorts that 5.87 million shares have been sold at a short interest cover period of 5.28 day(s).
The consensus price target as assigned by Wall Street analysts is $59.5, which translates to bulls needing to increase their stock price by 48.1% from its current value. Analyst projections state that PLAY is forecast to be at a low of $59 and a high of $65.
Dave & Buster’s Entertainment Inc (PLAY) estimates and forecasts
Dave & Buster’s Entertainment Inc share prices are performing particularly well not compared to other companies within the same industry. As is evident from the statistics, the company’s shares have fallen -38.67 percent over the past six months and at a -10.07% annual growth rate that is well below the industry average of 0.90%. The year-over-year growth rate is expected to be -2.04%, down from the previous year.
Consensus estimates provided by 5 financial analysts predict the company will bring in an average of 548.9M in revenue for the current quarter. 8 analysts expect Dave & Buster’s Entertainment Inc to make 606.52M in revenue for the current ending quarter. The company’s sales for the same quarters a year ago were 599.1M and 588.1M respectively. Analysts predict that the company’s current quarter sales will drop, forecast at -8.38%. Forecasts for the next quarter put sales growth at 3.13%.
Looking at the company’s year-over-year earnings, the past five years showed a negative earnings growth rate of -0.36%. Dave & Buster’s Entertainment Inc earnings are expected to increase by -25.26% in 2024, but the outlook is positive 5.88% per year for the next five years.
PLAY Dividends
Dave & Buster’s Entertainment Inc’s next quarterly earnings report is expected to be released in January.
Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s Major holders
Upon looking at major shareholders, it appears that insiders hold 1.42% of Dave & Buster’s Entertainment Inc shares, and 124.02% of them are in the hands of institutional investors. The stock currently has a share float of 125.81%. Dave & Buster’s Entertainment Inc stock is held by 303.0 institutions, with HILL PATH CAPITAL LP being the largest institutional investor. By 2024-06-30, it held 17.6569% of the shares, which is about 7.12 million shares worth $283.42 million.
BLACKROCK INC., with 12.9313% or 5.21 million shares worth $207.56 million as of 2024-06-30, holds the second largest percentage of outstanding shares.
