Perhaps timely catching Dave & Buster’s Entertainment Inc. (PLAY) would be a good idea

Dave & Buster’s Entertainment Inc. (NASDAQ: PLAY) stock jumped 0.69% on Wednesday to $37.83 against a previous-day closing price of $37.57. With 0.54 million shares changed hands, the volume of the stock remained lighter than its average volume of 1.1 million shares. During the session, the Restaurants company that operates in wider Consumer Cyclical sector, reached to the highest price of $38.05 whereas the lowest price it dropped to was $37.28. The 52-week range on PLAY shows that it touched its highest point at $52.54 and its lowest point at $29.60 during that stretch. It currently has a 1-year price target of $52.00. Beta for the stock currently stands at 1.86.

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Price Performance and Earnings:

Stock performance is one of the indicators that investors use to determine whether they will profit from a stock. The price performance of PLAY was down-trending over the past week, with a drop of -3.76%, but this was up by 2.66% over a month. Three-month performance dropped to -13.19% while six-month performance rose 12.86%. The stock gained 4.68% in the past year, while it has lost -1.48% so far this year. A look at the trailing 12-month EPS for PLAY yields 2.68 with Next year EPS estimates of 3.66. For the next quarter, that number is 0.07. This implies an EPS growth rate of 146.40% for this year and 33.61% for next year. EPS is expected to grow by 7.93% annually over the next five years; however, over the past five years, the company experienced an annual growth rate of 1.00%.

Float and Shares Shorts:

At present, 48.83 million PLAY shares are outstanding with a float of 41.97 million shares on hand for trading. On Oct 13, 2022, short shares totaled 5.74 million, which was 11.89% higher than short shares on Sep 14, 2022. In addition to Mr. Michael A. Quartieri as the firm’s Sr. VP & CFO, Mr. John B. Mulleady serves as its Sr. VP of Real Estate & Chief Devel. Officer.

Institutional Ownership:

Through their ownership of 102.72% of PLAY’s outstanding shares, institutional investors have majority control over the company. Other institutions hold 62.27% of PLAY, in contrast to 42.75% held by mutual funds. Shares owned by individuals account for 22.81%. As the largest shareholder in PLAY with 12.94% of the stake, BlackRock Fund Advisors holds 6,243,848 shares worth 6,243,848. A second-largest stockholder of PLAY, Hill Path Capital LP, holds 5,318,004 shares, controlling over 11.03% of the firm’s shares. The Vanguard Group, Inc. is the third largest shareholder in PLAY, holding 4,993,431 shares or 10.35% stake. With a 6.54% stake in PLAY, the iShares Core S&P Small Cap ETF is the largest stakeholder. A total of 3,154,721 shares are owned by the mutual fund manager. The Vanguard Total Stock Market Index, which owns about 2.57% of PLAY stock, is the second-largest Mutual Fund holder. It holds 1,239,018 shares valued at 49.37 million. American Century Small Cap Value holds 2.50% of the stake in PLAY, owning 1,205,000 shares worth 48.02 million.

Analysts Ratings:

Reading analyst opinions is an effective way to decide where to invest, and there are several opinions available for PLAY since 10 analysts follow the stock currently. There are 8 analysts who recommend BUY ratings, while 0 suggest SELL ratings. Of the remaining analysts, 2 believe that the stock is worth HOLDING, 0 give it an OVERWEIGHT rating, and 0 thinks that it’s UNDERWEIGHT. In the same way, a target price assigned to a stock can also reveal much about its potential. With PLAY analysts setting a high price target of $66.00 and a low target of $34.00, the average target price over the next 12 months is $52.00. Based on these targets, PLAY could surge 74.46% to reach the target high and fall by -10.12% to reach the target low. Reaching the average price target will result in a growth of 37.46% from current levels.

EPS: Estimates vs Actual

It is also common to use earnings estimates to evaluate a firm’s growth potential and to determine trading strategy. PLAY will report FY 2023 earnings on 03/28/2023. Analysts have provided yearly estimates in a range of $3.05 being high and $2.25 being low. For PLAY, this leads to a yearly average estimate of $2.70. The earnings surprise of a firm occurs when the actual results change from the consensus earnings estimate. Dave & Buster’s Entertainment Inc. surprised analysts by -$0.45 when it reported $0.59 EPS against a consensus estimate of $1.04. The surprise factor in the prior quarter was $0.19. Based on analyst estimates, the high estimate for the next quarter is $0.24 and the low estimate is -$0.13. The average estimate for the next quarter is thus $0.05.

Summary of Insider Activity:

Insiders traded PLAY stock several times over the past three months with 19 Buys and 0 Sells. In these transactions, 745,233 shares were bought while 0 shares were sold. The number of buy transactions has increased to 59 while that of sell transactions has risen to 26 over the past year. The total number of shares bought during that period was 1,114,196 while 97,103 shares were sold.

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