Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan Buys 19,025 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster’s Entertainment stock in a transaction on Thursday, December 19th. The shares were purchased at an average cost of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. The trade was a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dave & Buster’s Entertainment Stock Down 0.5 %

NASDAQ:PLAY opened at $26.20 on Friday. Dave & Buster’s Entertainment Inc has a 52 week low of $25.00 and a 52 week high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock’s fifty day moving average is $35.94 and its two-hundred day moving average is $36.18. The stock has a market capitalization of $1.01 billion, a price-to-earnings ratio of 12.97 and a beta of 2.13.

Wall Street Analysts Forecast Growth

Several research analysts recently commented on PLAY shares. BMO Capital Markets reduced their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Loop Capital reduced their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research report on Thursday, December 12th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price (down from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Gordon Haskett reissued a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. 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 company. Based on data from MarketBeat, the stock presently has a consensus rating of “Hold” and an average price target of $53.38.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the company. Kimelman & Baird LLC purchased a new stake in Dave & Buster’s Entertainment during the second quarter worth about $28,000. Quarry LP purchased a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth approximately $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at approximately $144,000. Finally, Allspring Global Investments Holdings LLC increased its position in shares of 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 acquiring an additional 4,021 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

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.