Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Up 9.5% – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares were up 9.5% on Monday . The company traded as high as $21.30 and last traded at $21.12. Approximately 276,267 shares changed hands during trading, a decline of 81% from the average daily volume of 1,444,767 shares. The stock had previously closed at $19.30.

Analyst Ratings Changes

A number of equities research analysts have weighed in on PLAY shares. Truist Financial reduced their target price on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a report on Thursday, January 16th. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday, December 12th. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a report 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. Finally, BMO Capital Markets dropped their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have given a hold rating and two have given a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and an average target price of $46.67.

Dave & Buster’s Entertainment Stock Down 10.1 %

The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The stock’s 50-day moving average is $25.21 and its 200-day moving average is $30.85. The company has a market cap of $720.01 million, a price-to-earnings ratio of 9.26 and a beta of 2.17.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan acquired 19,025 shares of the stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at approximately $1,825,021. This represents a 38.05 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 1.60% of the stock is owned by corporate insiders.

Institutional Inflows and Outflows

Several institutional investors have recently bought and sold shares of the business. Parallax Volatility Advisers L.P. raised its holdings in Dave & Buster’s Entertainment by 9.3% during the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after buying an additional 632 shares during the last quarter. Cerity Partners LLC raised its holdings in Dave & Buster’s Entertainment by 3.2% during the third quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after buying an additional 710 shares during the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. raised its holdings in Dave & Buster’s Entertainment by 4.1% during the fourth quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock worth $537,000 after buying an additional 728 shares during the last quarter. KBC Group NV raised its holdings in Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after buying an additional 885 shares during the last quarter. Finally, Quarry LP bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. Institutional investors and hedge funds 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.