Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Acquires $961,487.80 in Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan acquired 37,735 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average price of $25.48 per share, with a total value of $961,487.80. Following the purchase, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their position. The purchase was disclosed in a document filed with the SEC, which is accessible through the SEC website.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $25.49 on Friday. The stock has a fifty day moving average of $36.48 and a 200-day moving average of $36.94. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment Inc has a fifty-two week low of $25.00 and a fifty-two week high of $69.82. The stock has a market cap of $981.37 million, a PE ratio of 12.62 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 EPS for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The firm had revenue of $557.10 million during the quarter, compared to analyst estimates of $560.65 million. During the same period in the previous year, the business earned $0.94 EPS. The business’s revenue for the quarter was up 2.8% on a year-over-year basis. Equities research analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have weighed in on PLAY. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Benchmark began coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company. BMO Capital Markets lowered their price objective 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. Loop Capital reduced their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $53.38.

Institutional Trading of Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. SG Americas Securities LLC grew its stake in Dave & Buster’s Entertainment by 1,931.4% in the 2nd quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after buying an additional 36,793 shares in the last quarter. Coronation Fund Managers Ltd. increased its stake in Dave & Buster’s Entertainment by 2.9% in the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock valued at $41,208,000 after acquiring an additional 29,627 shares during the last quarter. Nisa Investment Advisors LLC raised its position in Dave & Buster’s Entertainment by 32.8% during the second quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock valued at $8,222,000 after purchasing an additional 51,022 shares in the last quarter. Hennessy Advisors Inc. bought a new stake in Dave & Buster’s Entertainment during the second quarter worth about $5,191,000. Finally, 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 worth $645,000 after purchasing an additional 300 shares in the last quarter. 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.