Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Purchases $961,487.80 in Stock

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

Dave & Buster’s Entertainment Stock Up 7.8 %

NASDAQ PLAY opened at $27.48 on Friday. The business has a fifty day moving average price of $36.31 and a 200 day moving average price of $36.78. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. The company has a market cap of $1.06 billion, a P/E ratio of 13.60 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a one year low of $25.00 and a one year high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the business earned $0.94 earnings per share. Research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.54 EPS for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

A number of hedge funds have recently bought and sold shares of the business. Kimelman & Baird LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Quarry LP acquired a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at approximately $47,000. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment during the third quarter worth approximately $121,000. Allspring Global Investments Holdings LLC boosted its stake in Dave & Buster’s Entertainment by 22,338.9% during the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new stake in Dave & Buster’s Entertainment in the 3rd quarter valued at $144,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on PLAY. Benchmark began coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. Loop Capital dropped their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Truist Financial reiterated a “hold” rating and set a $36.00 target price (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Finally, StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Hold” and a consensus target price 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.