Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Up 6.6% – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price traded up 6.6% on Monday . The stock traded as high as $18.50 and last traded at $18.54. 536,453 shares were traded during mid-day trading, a decline of 63% from the average session volume of 1,461,573 shares. The stock had previously closed at $17.40.

Wall Street Analysts Forecast Growth

Several analysts recently weighed in on the stock. BMO Capital Markets reduced their target price on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Gordon Haskett reaffirmed a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Finally, Truist Financial reduced their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and two have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment presently has a consensus rating of “Hold” and a consensus price target of $46.67.

Dave & Buster’s Entertainment Trading Down 1.3 %

The stock has a market capitalization of $719.24 million, a PE ratio of 9.25 and a beta of 2.17. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The business’s 50-day moving average is $24.05 and its two-hundred day moving average is $30.38.

Insider Activity at Dave & Buster’s Entertainment

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the completion of the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. LMR Partners LLP purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at about $3,167,000. Connor Clark & Lunn Investment Management Ltd. purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at about $1,949,000. Intech Investment Management LLC raised its holdings in shares of Dave & Buster’s Entertainment by 171.4% in the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after buying an additional 13,550 shares during the last quarter. Charles Schwab Investment Management Inc. raised its holdings in shares of Dave & Buster’s Entertainment by 3.4% in the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after buying an additional 15,015 shares during the last quarter. Finally, Cerity Partners LLC raised its holdings in shares of Dave & Buster’s Entertainment by 3.2% in the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after buying an additional 710 shares during the last quarter. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

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.