Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Purchases 19,025 Shares of Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan acquired 19,025 shares of the company’s stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the purchase, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink.

Dave & Buster’s Entertainment Stock Performance

NASDAQ PLAY opened at $27.40 on Friday. The business has a 50 day moving average price of $35.82 and a 200 day moving average price of $36.01. The company has a market capitalization of $1.05 billion, a P/E ratio of 13.56 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a 1-year low of $25.00 and a 1-year high of $69.82. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14.

Institutional Trading of Dave & Buster’s Entertainment

Several large investors have recently bought and sold shares of PLAY. Kimelman & Baird LLC acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter worth $28,000. Quarry LP acquired a new position in Dave & Buster’s Entertainment during the third quarter worth about $47,000. Point72 Hong Kong Ltd purchased a new stake in shares of Dave & Buster’s Entertainment in the third quarter valued at about $121,000. Allspring Global Investments Holdings LLC grew 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 valued at $161,000 after purchasing an additional 4,021 shares during the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. purchased a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth approximately $144,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Analysts Set New Price Targets

A number of brokerages have recently issued reports on PLAY. Loop Capital dropped 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 research note on Thursday, December 12th. Truist Financial reaffirmed a “hold” rating and issued a $36.00 price objective (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Benchmark initiated coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating for the company. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $53.38.

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.