Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Down – What’s Next?

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) gapped down before the market opened on Friday . The stock had previously closed at $28.84, but opened at $28.22. Dave & Buster’s Entertainment shares last traded at $28.49, with a volume of 95,242 shares traded.

Analyst Upgrades and Downgrades

Several research firms have commented on PLAY. Gordon Haskett reiterated a “hold” rating and issued a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research 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. BMO Capital Markets cut their price target 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. Benchmark initiated coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating on the stock. Finally, Truist Financial decreased their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus price target of $52.25.

Dave & Buster’s Entertainment Trading Down 2.1 %

The stock has a market capitalization of $1.09 billion, a P/E ratio of 13.97 and a beta of 2.17. The firm’s 50 day simple moving average is $31.08 and its two-hundred day simple moving average is $33.50. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Insider Buying and Selling

In other news, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction dated Thursday, December 19th. The shares were bought 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 of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which can be accessed through the SEC website. 1.60% of the stock is owned by company insiders.

Institutional Trading of Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. KBC Group NV grew its holdings in shares of Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after buying an additional 885 shares during the last quarter. SG Americas Securities LLC lifted its position in Dave & Buster’s Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after acquiring an additional 389,577 shares in the last quarter. Hennessy Advisors Inc. boosted its stake in Dave & Buster’s Entertainment by 6.8% during the 4th quarter. Hennessy Advisors Inc. now owns 156,900 shares of the restaurant operator’s stock valued at $4,580,000 after purchasing an additional 10,000 shares during the last quarter. XTX Topco Ltd increased its holdings in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Finally, Systematic Financial Management LP purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $224,000. Institutional investors own 91.45% of the company’s stock.

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.