Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Purchases 37,735 Shares of Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan purchased 37,735 shares of the business’s stock in a transaction that occurred on Thursday, December 12th. The stock was bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, the chief executive officer now directly owns 139,011 shares in the company, valued at $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is accessible through the SEC website.

Dave & Buster’s Entertainment Stock Performance

PLAY traded down $3.92 during mid-day trading on Thursday, reaching $25.49. 6,683,934 shares of the company traded hands, compared to its average volume of 1,329,417. The company’s fifty day moving average price is $36.64 and its 200-day moving average price is $37.02. The stock has a market capitalization of $1.00 billion, a P/E ratio of 12.62 and a beta of 2.13. The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. Dave & Buster’s Entertainment Inc has a 52-week low of $25.00 and a 52-week high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the prior year, the business earned $0.94 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% compared to the same quarter last year. On average, sell-side analysts expect that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds and other institutional investors have recently made changes to their positions in PLAY. Kimelman & Baird LLC purchased a new position in shares of Dave & Buster’s Entertainment in the second quarter worth approximately $28,000. Quarry LP bought a new position in Dave & Buster’s Entertainment in the third quarter worth approximately $47,000. Point72 Hong Kong Ltd purchased a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $121,000. Allspring Global Investments Holdings LLC grew its position in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares during the period. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $144,000. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently commented on the company. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. Gordon Haskett reiterated a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. Finally, Truist Financial restated a “hold” rating and issued a $36.00 price objective (down from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and a consensus price target of $53.38.

Dave & Buster’s Entertainment Company Profile

Dave & Buster's Entertainment, Inc owns and operates entertainment and dining venues for adults and families. Its venues offer a menu of entrees and appetizers, as well as a selection of non-alcoholic and alcoholic beverages; and an assortment of entertainment attractions centered on playing games and watching live sports, and other televised events.