Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Acquires 14,912 Shares of Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction that occurred on Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the completion of 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 0.00 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is accessible through this link.

Dave & Buster’s Entertainment Stock Performance

PLAY opened at $33.17 on Friday. The company has a market cap of $1.30 billion, a PE ratio of 11.76 and a beta of 2.15. The stock has a 50-day moving average of $32.10 and a 200-day moving average of $42.95. Dave & Buster’s Entertainment Inc has a 52-week low of $29.31 and a 52-week high of $69.82. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.28. The company had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The firm’s revenue was up 2.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.94 EPS. As a group, equities research analysts forecast that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share for the current fiscal year.

Institutional Trading of Dave & Buster’s Entertainment

Large investors have recently made changes to their positions in the stock. SG Americas Securities LLC boosted its stake in shares of 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 in the last quarter. Quadrature Capital Ltd boosted its stake in Dave & Buster’s Entertainment by 150.1% during the 1st quarter. Quadrature Capital Ltd now owns 42,279 shares of the restaurant operator’s stock valued at $2,647,000 after purchasing an additional 25,376 shares during the period. Edgestream Partners L.P. bought a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $1,417,000. Keeley Teton Advisors LLC bought a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $1,803,000. Finally, Quantbot Technologies LP bought a new stake in Dave & Buster’s Entertainment during the 1st quarter valued at approximately $2,401,000. Institutional investors own 91.45% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently weighed in on PLAY shares. Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. BMO Capital Markets dropped their price target on Dave & Buster’s Entertainment from $65.00 to $55.00 and set an “outperform” rating on the stock in a research report on Wednesday, September 11th. Loop Capital dropped their target price 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. Finally, Truist Financial dropped their target price on Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, August 22nd. One equities research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company. According to data from MarketBeat.com, the company currently has an average rating of “Hold” and a consensus price target of $62.57.

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.