Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Buys $503,021.00 in Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan purchased 19,025 shares of the company’s stock in a transaction that occurred on Thursday, December 19th. The shares were purchased at an average price of $26.44 per share, for a total transaction of $503,021.00. Following the purchase, 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 ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dave & Buster’s Entertainment Trading Down 0.5 %

PLAY stock traded down $0.12 during midday trading on Thursday, hitting $26.20. The stock had a trading volume of 1,526,107 shares, compared to its average volume of 1,353,563. The company’s 50-day moving average price is $36.06 and its 200 day moving average price is $36.25. 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 firm has a market cap of $1.01 billion, a PE ratio of 12.97 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 12-month low of $25.00 and a 12-month high of $69.82.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently made changes to their positions in the business. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at $28,000. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $47,000. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at about $121,000. Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth about $144,000. Finally, Allspring Global Investments Holdings LLC boosted its position in shares of Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after acquiring an additional 4,021 shares during the last quarter. Institutional investors and hedge funds own 91.45% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently issued reports on the stock. StockNews.com lowered shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Benchmark began coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target (down from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Gordon Haskett reissued a “hold” rating and set a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, Dave & Buster’s Entertainment has an average rating of “Hold” and an average target price of $53.38.

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.