Dave & Buster’s Entertainment (NASDAQ:PLAY) Hits New 1-Year Low – Time to Sell?

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) hit a new 52-week low during mid-day trading on Wednesday . The company traded as low as $22.59 and last traded at $22.83, with a volume of 133372 shares traded. The stock had previously closed at $22.98.

Wall Street Analysts Forecast Growth

A number of equities analysts have issued reports on PLAY shares. Loop Capital reduced their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. Truist Financial dropped their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. Gordon Haskett reissued a “hold” rating and set a $34.00 target price (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets decreased their price target on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. Finally, William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of “Hold” and an average target price of $51.43.

Dave & Buster’s Entertainment Stock Down 2.2 %

The firm’s 50 day simple moving average is $26.90 and its 200-day simple moving average is $31.70. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company has a market cap of $864.93 million, a price-to-earnings ratio of 11.11 and a beta of 2.17.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of the company’s stock in a transaction on Thursday, December 12th. The stock was purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the acquisition, the chief executive officer now owns 139,011 shares of the company’s stock, valued at $3,542,000.28. The trade was a 37.26 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently bought and sold shares of the stock. GDS Wealth Management raised its stake in Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after purchasing an additional 488 shares during the last quarter. Parallax Volatility Advisers L.P. increased its position in shares of Dave & Buster’s Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator’s stock worth $217,000 after acquiring an additional 632 shares in the last quarter. Cerity Partners LLC lifted its holdings in shares of Dave & Buster’s Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock valued at $790,000 after acquiring an additional 710 shares in the last quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. boosted its position in Dave & Buster’s Entertainment by 4.1% during the 4th quarter. MIRAE ASSET GLOBAL ETFS HOLDINGS Ltd. now owns 18,407 shares of the restaurant operator’s stock worth $537,000 after purchasing an additional 728 shares during the period. Finally, KBC Group NV increased its holdings in Dave & Buster’s Entertainment by 81.3% in the 4th quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock valued at $58,000 after purchasing an additional 885 shares in the last quarter. Institutional investors and hedge funds 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.