Dave & Buster's (PLAY, $38.28) get rating upgrade at Truist
Shares of Dave & Buster's Entertainment were rising Friday, after a rating boost at Truist.
Analysts at Truist upgraded the entertainment stock to buy from hold.
According to analyst Jake Bartlett, while the company is still in recovery mode, it will be able to weather potential headwinds. Bartlett sees Dave & Buster's as “relatively well positioned” to manage cost pressures including labor, due to new operating efficiencies and previously announced hiring initiatives, due to its low costs as a percentage of total sales.
Earlier this year, the company’s shares got a price target hike to $53 from $46 a share from analysts at Truist, as first-quarter results and current trends reflected "rapid sales recovery" , according to the analysts.
PLAY's RSI Oscillator ascending out of oversold territory
The RSI Oscillator for PLAY moved out of oversold territory on June 01, 2023. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 24 similar instances when the indicator left oversold territory. In of the 24 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 4 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where PLAY advanced for three days, in of 324 cases, the price rose further within the following month. The odds of a continued upward trend are .
PLAY may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 12, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on PLAY as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for PLAY turned negative on May 15, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
PLAY moved below its 50-day moving average on May 08, 2023 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where PLAY declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for PLAY entered a downward trend on June 02, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating slightly worse than average price growth. PLAY’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.747) is normal, around the industry mean (4.226). P/E Ratio (11.976) is within average values for comparable stocks, (74.083). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (2.672). PLAY has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.059). P/S Ratio (0.837) is also within normal values, averaging (111.490).
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. PLAY’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 89, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
an operator of high volume entertainment and dining complexes
Industry MoviesEntertainment
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| Hartford Schroders US Small Cap Opps A | |||
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| Russell Inv Emerging Markets M | |||
| ESGEX | 15.33 | 0.25 | +1.66% |
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| FNEFX | 50.37 | 0.66 | +1.33% |
| American Funds New Economy F3 | |||
| DIFAX | 11.47 | 0.06 | +0.53% |
| MFS Diversified Income A | |||
PLAY and
Correlation & Price change
A.I.dvisor indicates that over the last year, PLAY has been loosely correlated with LYV. These tickers have moved in lockstep 47% of the time. This A.I.-generated data suggests there is some statistical probability that if PLAY jumps, then LYV could also see price increases.
| Ticker / NAME | Correlation To PLAY | 1D Price Change % | ||
|---|---|---|---|---|
| PLAY | 100% | +3.37% | ||
| LYV - PLAY | 47% Loosely correlated | +2.10% | ||
| DIS - PLAY | 46% Loosely correlated | +2.46% | ||
| IMAX - PLAY | 46% Loosely correlated | +2.62% | ||
| NFLX - PLAY | 44% Loosely correlated | -0.66% | ||
| NWS - PLAY | 44% Loosely correlated | +0.69% | ||
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