Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading 6.3% Higher – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) shares were up 6.3% during trading on Monday . The stock traded as high as $27.54 and last traded at $28.22. Approximately 181,022 shares traded hands during mid-day trading, a decline of 90% from the average daily volume of 1,816,077 shares. The stock had previously closed at $26.56.

Analysts Set New Price Targets

A number of research analysts recently weighed in on the stock. Truist Financial reduced their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a research note on Thursday, January 16th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a report on Wednesday, December 11th. Loop Capital lowered their price target 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. Finally, Gordon Haskett reiterated a “hold” rating and issued a $34.00 price objective (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Trading Down 1.1 %

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 fifty day moving average price is $29.76 and its two-hundred day moving average price is $32.77. The stock has a market capitalization of $1.05 billion, a P/E ratio of 13.55 and a beta of 2.17.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan purchased 19,025 shares of the firm’s stock in a transaction on Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, with a total value of $503,021.00. Following the purchase, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at approximately $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at the SEC website. 1.60% of the stock is currently owned by insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently added to or reduced their stakes in PLAY. XTX Topco Ltd raised its stake in shares of Dave & Buster’s Entertainment by 171.5% during the third quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock valued at $1,832,000 after acquiring an additional 33,988 shares during the last quarter. Charles Schwab Investment Management Inc. lifted its holdings in Dave & Buster’s Entertainment by 3.4% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after buying an additional 15,015 shares during the period. LMR Partners LLP bought a new stake in shares of Dave & Buster’s Entertainment in the 3rd quarter worth approximately $3,167,000. Millennium Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 55.2% during the second quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock valued at $8,719,000 after buying an additional 77,916 shares during the period. Finally, Intech Investment Management LLC increased its stake in shares of Dave & Buster’s Entertainment by 171.4% during the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator’s stock valued at $731,000 after buying an additional 13,550 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

About Dave & Buster’s Entertainment

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.