Dave & Buster's Entertainment, Inc. (PLAY) Formed a Bearish Double Bottom, Could Be One of The Worst Performers Going Forward

December 7, 2017 - By Nellie Frank

Investors sentiment decreased to 1.26 in Q2 2017. Its down 0.28, from 1.54 in 2017Q1. It dropped, as 29 investors sold Dave & Buster's Entertainment, Inc. shares while 71 reduced holdings. 50 funds opened positions while 76 raised stakes. 42.79 million shares or 3.94% less from 44.54 million shares in 2017Q1 were reported.
The Massachusetts-based Winslow Evans Crocker Inc has invested 0% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Insight Rech & Management has 0.82% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) for 20,896 shares. Rhumbline Advisers accumulated 76,380 shares. Zacks accumulated 0.06% or 39,359 shares. Schwab Charles Inv Mngmt reported 0.01% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Artemis Investment Mngmt Llp invested in 0.17% or 107,900 shares. Moreover, Point72 Asset Mgmt L P has 0.25% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). Gsa Cap Prtn Ltd Liability Partnership reported 4,707 shares stake. Putnam Invs holds 884,958 shares. State Of Alaska Department Of Revenue holds 7,392 shares. Citadel Advsr Llc invested in 1.04M shares. Arizona State Retirement Systems holds 0.02% or 19,500 shares in its portfolio. The Minnesota-based Thrivent Financial For Lutherans has invested 0.01% in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY). California State Teachers Retirement Sys owns 0.01% invested in Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) for 74,597 shares. Louisiana State Employees Retirement Systems reported 15,200 shares.

The chart of Dave & Buster's Entertainment, Inc. (PLAY) shows a double bottom with $52.64 target or 4.00 % below today’s $54.84 share price. The 7 months chart pattern indicates high risk for the $2.23 billion company. It was reported on Dec, 7 by Finviz.com. If the $52.64 price target is reached, the company will be worth $89.28M less. Double bottoms are rare but powerful chart patterns.

The stock increased 4.01% or $2.1161 during the last trading session, reaching $54.8361. About 1.96M shares traded or 62.83% up from the average. Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) has risen 74.20% since December 7, 2016 and is uptrending. It has outperformed by 57.50% the S&P500.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) Ratings Coverage

Among 10 analysts covering Dave & Buster's Entertainment (NASDAQ:PLAY), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Dave & Buster's Entertainment had 30 analyst reports since September 9, 2015 according to SRatingsIntel. Maxim Group maintained it with “Buy” rating and $7200 target in Friday, June 2 report. As per Thursday, August 31, the company rating was maintained by Canaccord Genuity. Stifel Nicolaus maintained the shares of PLAY in report on Wednesday, September 9 with “Buy” rating. The rating was maintained by Raymond James with “Buy” on Wednesday, December 6. Jefferies maintained Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) rating on Wednesday, June 7. Jefferies has “Buy” rating and $8000 target. The firm has “Buy” rating given on Tuesday, September 5 by Jefferies. The firm has “Buy” rating by Maxim Group given on Thursday, August 24. The stock has “Buy” rating by BMO Capital Markets on Tuesday, June 6. Jefferies maintained Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) on Tuesday, October 10 with “Buy” rating. Longbow initiated it with “Buy” rating and $77.0 target in Friday, October 13 report.

More important recent Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) news were published by: Marketwatch.com which released: “Dave & Buster’s shares rise on earnings beat” on December 05, 2017, also Finance.Yahoo.com published article titled: “Dave & Buster’s (PLAY) Stock Rallies on Q3 Earnings Beat”, Fool.com published: “Dave & Buster’s Stock Has a Lot to Prove on Tuesday” on December 03, 2017. More interesting news about Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) was released by: Globenewswire.com and their article: “Dave & Buster’s Entertainment, Inc. to Report Third Quarter 2017 Financial …” with publication date: November 21, 2017.

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