Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Up 7.2% – What’s Next?

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) were up 7.2% during mid-day trading on Monday . The company traded as high as $29.76 and last traded at $29.45. Approximately 650,517 shares were traded during trading, a decline of 51% from the average daily volume of 1,335,766 shares. The stock had previously closed at $27.48.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on PLAY shares. Loop Capital dropped their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday. Gordon Haskett restated a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating on the stock. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock has an average rating of “Hold” and a consensus price target of $53.38.

Dave & Buster’s Entertainment Trading Up 6.4 %

The company has a market cap of $1.13 billion, a PE ratio of 14.50 and a beta of 2.13. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. The company has a 50-day moving average of $36.31 and a 200 day moving average of $36.62.

Insider Buying and Selling

In related news, CEO Kevin M. Sheehan acquired 37,735 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average cost of $25.48 per share, with a total value of $961,487.80. Following the transaction, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. This trade represents a 37.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by insiders.

Institutional Inflows and Outflows

A number of institutional investors and hedge funds have recently added to or reduced their stakes in PLAY. XTX Topco Ltd increased 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 worth $1,832,000 after purchasing an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. raised its stake in Dave & Buster’s Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock worth $15,738,000 after purchasing an additional 15,015 shares during the period. Eminence Capital LP raised its position in shares of Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the period. Hennessy Advisors Inc. acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at approximately $5,191,000. Finally, LMR Partners LLP purchased a new position in Dave & Buster’s Entertainment in the third quarter worth approximately $3,167,000. 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.