BMO Capital Reiterates Buy Rating for Dave & Buster's Entertainment
BMO Capital maintains a buy rating on PLAY with a $22 price target, a 101.83% upside from the current price.
Key Points
- BMO Capital reiterated its buy rating on Dave & Buster's Entertainment with a $22 price target on June 16, 2026.
- BMO Capital's $22 price target implies 101.83% upside from Dave & Buster's Entertainment, Inc.'s ($PLAY) current $10.90 share price.
- PLAY shares are currently trading at $12.32, with a market cap of approximately $401.8 million and a 52-week range between $9.61 and $35.53.
- Insider activity includes significant purchases by Kevin Fish, SVP, Chief Tech & Digital Officer, on June 2, 2026.
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BMO Capital has reiterated its buy rating on Dave & Buster's Entertainment, Inc. (NasdaqGS: PLAY) with a price target of $22. This update came on June 16, 2026, as analyst Andrew Strelzik expressed continued confidence in the company's prospects.
Other Institutional Activity in Dave & Buster's
Hill Path Capital LP holds 7,119,255 shares valued at about $77.1 million, showing no recent changes. Nomura Holdings Inc. and Eminence Capital, LP also maintained their positions at 2,411,191 and 2,346,038 shares, respectively, with values around $26.1 million and $25.4 million. Meanwhile, BlackRock, Inc. reduced its holdings by 2,015,304 shares, now holding 2,152,823 shares worth approximately $23.3 million. Morgan Stanley added 98,950 shares, bringing its total to 1,550,536 shares valued at $16.8 million, while Arrowstreet Capital, Limited Partnership increased its stake by 468,174 shares to 1,509,752 shares valued at $16.4 million.
Dave & Buster's Entertainment, Inc. Stock Up 16.0%
Shares of Dave & Buster's Entertainment traded at $12.32, with the company having a market cap of about $401.8 million. The stock's 52-week range is between $9.61 and $35.53. It has a 50-day moving average of $11.96 and a 200-day moving average of $15.79. The forward P/E ratio is not meaningful as the company is not currently profitable, and it has a high debt-to-equity ratio of 3909.32.
$PLAY price target
Past daily closes and this analyst's 12-month price target. Not investment advice.
Recent Earnings
Dave & Buster's reported revenue of $2.10 billion with a slight decline of 0.9% in growth. The company posted a net margin of -2.3% and a return on equity of -41.1%. The next earnings report is scheduled for September 14, 2026.
Insider Buying and Selling at Dave & Buster's Entertainment, Inc.
On June 2, 2026, Kevin Fish, SVP, Chief Tech & Digital Officer, made significant purchases, acquiring 40,823 shares at no cost. Antonio Pineiro, President of International, and Les Lehner, SVP, Chief Development Officer, also purchased 28,576 shares each. On June 8, 2026, Steve Klohn, SVP Chief Information Officer, sold 2,870 shares at $11.04 per share.
Analysts Set New Price Targets
On June 16, 2026, BMO Capital maintained its buy rating with a $22 target price. UBS also maintained a hold rating, setting a $12 target. The consensus among eight analysts is a buy, with a mean target price of $18.88.
About Dave & Buster's Entertainment, Inc.
Dave & Buster's Entertainment, Inc. operates entertainment and dining venues across North America. Known for its unique mix of dining and entertainment, the company offers a variety of games, live sports viewing, and other attractions. Founded in 1982 and headquartered in Coppell, Texas, the company employs over 23,000 people and operates under the Dave & Buster's and Main Event brands.
Bottom Line
BMO Capital's reiterated buy rating suggests confidence in Dave & Buster's future prospects. Investors keep a close watch on such analyst updates to gauge market sentiment. It's important to remember that these ratings reflect past performance and expectations, and actual future performance may vary.
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