Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Up 9.8% – Time to Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price shot up 9.8% during mid-day trading on Monday . The stock traded as high as $37.41 and last traded at $37.40. 395,328 shares traded hands during mid-day trading, a decline of 68% from the average session volume of 1,248,920 shares. The stock had previously closed at $34.05.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. Loop Capital dropped their price target on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Benchmark started coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company. Truist Financial cut their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, BMO Capital Markets decreased their target price on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating for the company in a research note on Tuesday. One investment analyst has rated the stock with a sell rating, four have issued a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment currently has an average rating of “Hold” and a consensus target price of $61.57.

Dave & Buster’s Entertainment Price Performance

The company has a quick ratio of 0.14, a current ratio of 0.24 and a debt-to-equity ratio of 4.54. The stock has a market cap of $1.48 billion, a P/E ratio of 13.17 and a beta of 2.13. The firm has a 50 day moving average price of $35.80 and a 200 day moving average price of $38.11.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million for the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The company’s revenue for the quarter was up 2.8% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.94 earnings per share. On average, analysts forecast that Dave & Buster’s Entertainment Inc will post 2.62 EPS for the current fiscal year.

Insider Transactions at Dave & Buster’s Entertainment

In other news, CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Monday, October 7th. The shares were bought at an average cost of $33.67 per share, with a total value of $502,087.04. Following the transaction, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their position. The acquisition was disclosed in a filing with the SEC, which is available at this link. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently modified their holdings of the business. O Shaughnessy Asset Management LLC acquired a new position in shares of Dave & Buster’s Entertainment during the first quarter worth $249,000. CANADA LIFE ASSURANCE Co lifted its stake in shares of Dave & Buster’s Entertainment by 16.5% during the first quarter. CANADA LIFE ASSURANCE Co now owns 32,193 shares of the restaurant operator’s stock worth $2,016,000 after buying an additional 4,569 shares during the period. Price T Rowe Associates Inc. MD grew its holdings in shares of Dave & Buster’s Entertainment by 2.5% during the first quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after buying an additional 546 shares during the last quarter. First Hawaiian Bank purchased a new stake in shares of Dave & Buster’s Entertainment during the second quarter valued at $315,000. Finally, SG Americas Securities LLC lifted its position in Dave & Buster’s Entertainment by 1,931.4% during the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after acquiring an additional 36,793 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

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.