BMO Capital Rates Dave & Buster's Entertainment (PLAY) buy

BMO Capital maintains a buy rating on PLAY with a $22 price target, a 101.83% upside from the current price.

By EarningsIQ Research Desk · Published Jun 17, 2026, 2:02 AM EDT · Updated Jun 23, 2026, 7:01 AM EDT

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BMO Capital rated Dave & Buster's Entertainment, Inc. ($PLAY) "buy" with a $22 price target on June 16, 2026.

Since the rating, $PLAY is down 2.4% after 1 week, down 8.7% after 1 month and down 34.2% to date (from the $11.55 close on Jun 16, 2026).

PLAY Dave & Buster's Entertainment, Inc.

$7.60 -55.40% year to date

Daily close · Oct 16, 2026

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 62.0%

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.

12-month forecast

$PLAY price target

Dave & Buster's Entertainment, Inc. daily closes and this analyst's $22 target. Not 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.