Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan Acquires 37,735 Shares of Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan purchased 37,735 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their position. The acquisition was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dave & Buster’s Entertainment Stock Down 13.3 %

Dave & Buster’s Entertainment stock opened at $25.49 on Friday. The company has a market capitalization of $981.37 million, a PE ratio of 12.62 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. The firm’s fifty day moving average is $36.48 and its 200 day moving average is $36.94. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a net margin of 3.88% and a return on equity of 44.22%. The company had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same quarter in the prior year, the firm earned $0.94 EPS. The business’s revenue was up 2.8% on a year-over-year basis. As a group, sell-side analysts predict that Dave & Buster’s Entertainment Inc will post 2.54 EPS for the current fiscal year.

Analyst Upgrades and Downgrades

PLAY has been the topic of a number of research analyst reports. Gordon Haskett restated a “hold” rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Truist Financial restated a “hold” rating and set a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Finally, Loop Capital reduced their target price 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the company. According to data from MarketBeat, Dave & Buster’s Entertainment has a consensus rating of “Hold” and a consensus price target of $53.38.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the company. Louisiana State Employees Retirement System raised its position in shares of Dave & Buster’s Entertainment by 1.9% during the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock worth $645,000 after purchasing an additional 300 shares during the period. GDS Wealth Management grew its holdings in shares of Dave & Buster’s Entertainment by 3.3% during the third quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after buying an additional 488 shares during the last quarter. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster’s Entertainment during the second quarter worth about $28,000. Cerity Partners LLC raised its holdings in shares of Dave & Buster’s Entertainment by 3.2% in the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after acquiring an additional 710 shares during the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its position in Dave & Buster’s Entertainment by 21.4% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after acquiring an additional 1,217 shares in the last quarter. Institutional investors and hedge funds 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.