Why Buy Stock In Dave & Buster’s Entertainment Inc (PLAY)?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) has a beta value of -6.29% and has seen 1.34 shares traded in the last trading session. The company, currently valued at $1.13B, closed the last trade at $32.06 per share which meant it lost -$0.94 on the day or 32.77% during that session. The PLAY stock price is -36.4% off its 52-week high price of $43.73 and 52.96% above the 52-week low of $15.08. If we look at the company’s 10-day average daily trading volume, we find that it stood at 2.12 million shares traded. The 3-month trading volume is 1.39 shares.

The consensus among analysts is that Dave & Buster’s Entertainment Inc (PLAY) is Buy stock at the moment, with a recommendation rating of 77.52. 0 analysts rate the stock as a Sell, while 0 rate it as Overweight. 2 out of 5 have rated it as a Hold, with 3 advising it as a Buy. 0 have rated the stock as Underweight.

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) trade information

Sporting 32.77% in the green in last session, the stock has traded in the green over the last five days, with the highest price hit on recent trading when the PLAY stock price touched $32.06 or saw a rise of 2.85%. Year-to-date, Dave & Buster’s Entertainment Inc shares have moved -26.31%, while the 5-day performance has seen it change 6.78%. Over the past 30 days, the shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have changed 52.14%. Short interest in the company has seen 7.15 million shares shorted with days to cover at 7.73.

Wall Street analysts have a consensus price target for the stock at $21, which means that the shares’ value could drop -52.67% from current levels. The projected low price target is $21.0 while the price target rests at a high of $21.0. In that case, then, we find that the current price level is 34.5% off the targeted high while a plunge would see the stock lose 34.5% from current levels.

Dave & Buster’s Entertainment Inc (PLAY) estimates and forecasts

The company’s shares have gained 14.74% over the past 6 months.

If we evaluate the company’s growth over the last 5-year and for the next 5-year period, we find that annual earnings growth was -12.90% -13.10% over the past 5 years. Earnings growth for 2025 is a modest 11.25% while over the next 5 years, the company’s earnings are expected to increase by 24.54%.

PLAY Dividends

Dave & Buster’s Entertainment Inc is expected to release its next earnings report on 2025-Jun-10 this year, and investors are excited at the prospect of better dividends despite the company’s debt issue.

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s Major holders

Insiders own 1.69% of the company shares, while shares held by institutions stand at 132.95% with a share float percentage of 135.24%. Investors are also buoyed by the number of investors in a company, with Dave & Buster’s Entertainment Inc having a total of 265.0 institutions that hold shares in the company. The top two institutional holders are HILL PATH CAPITAL LP with over 7.12 million shares worth more than $283.42 million. As of 2024-06-30, HILL PATH CAPITAL LP held 17.9462% of shares outstanding.

The other major institutional holder is BLACKROCK INC., with the holding of over 5.21 million shares as of 2024-06-30. The firm’s total holdings are worth over $207.56 million and represent 13.1431% of shares outstanding.

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