By otakuyassine3@gmail.com 
Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Free Report)’s share price rose 7.2% on Monday . The stock traded as high as $29.76 and last traded at $29.45. Approximately 650,517 shares were traded during trading, a decline of 51% from the average daily volume of 1,335,766 shares. The stock had previously closed at $27.48.
Analysts Set New Price Targets
A number of analysts have recently issued reports on PLAY shares. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. BMO Capital Markets dropped their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Loop Capital decreased their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday. Truist Financial reaffirmed a “hold” rating and set a $36.00 price objective (down from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus target price of $53.38.
View Our Latest Report on PLAY
Dave & Buster’s Entertainment Stock Performance
The firm has a market cap of $1.13 billion, a price-to-earnings ratio of 14.50 and a beta of 2.13. The firm’s 50 day moving average is $36.31 and its 200-day moving average is $36.62. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29.
Insider Transactions at Dave & Buster’s Entertainment
In related news, CEO Kevin M. Sheehan acquired 37,735 shares of the firm’s stock in a transaction dated 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 acquisition, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, CEO Christopher Daniel Morris bought 14,912 shares of the firm’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the acquisition, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. The trade was a 21.63 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is currently owned by insiders.
Institutional Inflows and Outflows
A number of institutional investors and hedge funds have recently made changes to their positions in PLAY. XTX Topco Ltd grew its position in shares of Dave & Buster’s Entertainment by 171.5% in the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after buying an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in shares of Dave & Buster’s Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares in the last quarter. Eminence Capital LP grew its holdings in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the last quarter. Hennessy Advisors Inc. purchased a new stake in Dave & Buster’s Entertainment in the 2nd quarter valued at $5,191,000. Finally, LMR Partners LLP bought a new position in shares of Dave & Buster’s Entertainment during the third quarter valued at about $3,167,000. 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.
Further Reading
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