Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Passes Below 200 Day Moving Average – Here’s What Happened

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) passed below its 200-day moving average during trading on Thursday . The stock has a 200-day moving average of $31.93 and traded as low as $23.86. Dave & Buster’s Entertainment shares last traded at $24.13, with a volume of 1,203,677 shares trading hands.

Wall Street Analyst Weigh In

A number of brokerages have weighed in on PLAY. Gordon Haskett restated a “hold” rating and issued a $34.00 price objective (down previously 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 report on Wednesday, December 11th. Truist Financial reduced their price target on 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 price target on 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, BMO Capital Markets reduced their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $51.43.

Dave & Buster’s Entertainment Stock Performance

The stock has a market capitalization of $910.14 million, a PE ratio of 11.70 and a beta of 2.17. The firm’s fifty day moving average is $27.11 and its 200-day moving average is $31.82. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other news, CEO Kevin M. Sheehan bought 19,025 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was bought at an average cost of $26.44 per share, with a total value of $503,021.00. Following the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. The trade was a 38.05 % increase in their position. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several institutional investors have recently bought and sold shares of the company. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth about $47,000. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment during the fourth quarter worth about $47,000. KBC Group NV grew its position in shares of 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 in the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment during the third quarter worth about $144,000. 91.45% of the stock is owned by institutional investors and hedge funds.

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.