Dave & Buster’s Entertainment Sees Unusually Large Options Volume (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was the target of unusually large options trading activity on Monday. Stock traders acquired 20,642 put options on the stock. This represents an increase of 811% compared to the typical daily volume of 2,266 put options.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CFO Darin Harper purchased 13,438 shares of the firm’s stock in a transaction on Wednesday, July 3rd. The shares were acquired at an average cost of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the transaction, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The acquisition was disclosed in a filing with the SEC, which is accessible through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Trading of Dave & Buster’s Entertainment

Large investors have recently bought and sold shares of the stock. Headlands Technologies LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 23.4% in the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator’s stock valued at $77,000 after acquiring an additional 233 shares during the last quarter. Illinois Municipal Retirement Fund boosted its holdings in shares of Dave & Buster’s Entertainment by 1.3% in the 1st quarter. Illinois Municipal Retirement Fund now owns 19,369 shares of the restaurant operator’s stock valued at $1,212,000 after acquiring an additional 248 shares during the last quarter. Schwarz Dygos Wheeler Investment Advisors LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 3.5% in the 1st quarter. Schwarz Dygos Wheeler Investment Advisors LLC now owns 8,940 shares of the restaurant operator’s stock valued at $560,000 after acquiring an additional 300 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Dave & Buster’s Entertainment by 1.9% in the 2nd quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after acquiring an additional 300 shares during the last quarter. Finally, Price T Rowe Associates Inc. MD boosted its holdings in shares of Dave & Buster’s Entertainment by 2.5% in the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after acquiring an additional 546 shares during the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Stock Up 1.4 %

Shares of Dave & Buster’s Entertainment stock traded up $0.42 on Monday, reaching $31.20. The stock had a trading volume of 708,898 shares, compared to its average volume of 1,177,818. The company has a 50 day moving average price of $34.72 and a 200 day moving average price of $47.75. The company has a quick ratio of 0.24, a current ratio of 0.32 and a debt-to-equity ratio of 4.41. Dave & Buster’s Entertainment has a 1 year low of $29.78 and a 1 year high of $69.82. The stock has a market capitalization of $1.23 billion, a P/E ratio of 13.10 and a beta of 2.14.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). Dave & Buster’s Entertainment had a return on equity of 48.50% and a net margin of 4.48%. The firm had revenue of $588.10 million during the quarter, compared to analysts’ expectations of $615.88 million. During the same period in the previous year, the firm earned $1.45 EPS. The firm’s quarterly revenue was down 1.5% on a year-over-year basis. As a group, equities research analysts forecast that Dave & Buster’s Entertainment will post 2.78 EPS for the current year.

Analysts Set New Price Targets

Several equities analysts recently weighed in on the stock. William Blair reaffirmed an “outperform” rating on shares of Dave & Buster’s Entertainment in a research note on Thursday, June 13th. Loop Capital dropped their price objective on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating for the company in a research note on Friday, June 14th. BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a research note on Thursday, June 13th. UBS Group dropped their price target on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a research note on Wednesday, June 12th. Finally, Truist Financial dropped their price target on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating for the company in a research note on Thursday, August 22nd. Four investment analysts have rated the stock with a hold rating and five have assigned a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Moderate Buy” and an average price target of $64.57.

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.