Shares of Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY – Get Free Report) have been assigned a consensus rating of “Hold” from the eight analysts that are covering the stock, Marketbeat.com reports. Six analysts have rated the stock with a hold recommendation and two have issued a buy recommendation on the company. The average twelve-month price objective among analysts that have covered the stock in the last year is $33.50.
Several equities research analysts have recently weighed in on the company. Truist Financial decreased their price target on Dave & Buster’s Entertainment from $29.00 to $27.00 and set a “hold” rating on the stock in a research report on Wednesday, August 27th. UBS Group upped their target price on Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 11th. Piper Sandler increased their price objective on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. Loop Capital upped their target price on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a report on Wednesday, June 11th. Finally, BMO Capital Markets increased their price objective on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the stock an “outperform” rating in a report on Wednesday, June 11th.
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Dave & Buster’s Entertainment Trading Up 2.6%
Shares of Dave & Buster’s Entertainment stock opened at $23.64 on Friday. Dave & Buster’s Entertainment has a 52-week low of $15.08 and a 52-week high of $43.73. The stock’s 50-day simple moving average is $27.36 and its 200 day simple moving average is $23.99. The stock has a market capitalization of $817.47 million, a P/E ratio of 23.41 and a beta of 2.04. The company has a debt-to-equity ratio of 10.69, a quick ratio of 0.17 and a current ratio of 0.26.
Insiders Place Their Bets
In related news, SVP John Mulleady sold 5,931 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total transaction of $194,477.49. Following the sale, the senior vice president directly owned 42,550 shares of the company’s stock, valued at $1,395,214.50. This trade represents a 12.23% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, CEO Tarun Lal acquired 8,060 shares of the company’s stock in a transaction that occurred on Tuesday, July 22nd. The shares were acquired at an average cost of $31.26 per share, for a total transaction of $251,955.60. Following the completion of the transaction, the chief executive officer directly owned 8,060 shares of the company’s stock, valued at $251,955.60. The trade was a ∞ increase in their ownership of the stock. The disclosure for this purchase can be found here. Corporate insiders own 2.02% of the company’s stock.
Institutional Investors Weigh In On Dave & Buster’s Entertainment
Several institutional investors have recently modified their holdings of the business. Signaturefd LLC boosted its position in Dave & Buster’s Entertainment by 1,427.5% in the first quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock worth $75,000 after purchasing an additional 3,997 shares during the last quarter. M.E. Allison & CO. Inc. bought a new position in shares of Dave & Buster’s Entertainment in the first quarter worth about $1,542,000. GAMMA Investing LLC raised its stake in Dave & Buster’s Entertainment by 71,493.5% during the 1st quarter. GAMMA Investing LLC now owns 76,605 shares of the restaurant operator’s stock valued at $1,346,000 after purchasing an additional 76,498 shares during the period. Bank of America Corp DE raised its stake in Dave & Buster’s Entertainment by 50.7% during the 4th quarter. Bank of America Corp DE now owns 212,720 shares of the restaurant operator’s stock valued at $6,209,000 after purchasing an additional 71,520 shares during the period. Finally, Invesco Ltd. raised its stake in Dave & Buster’s Entertainment by 16.7% during the 1st quarter. Invesco Ltd. now owns 243,849 shares of the restaurant operator’s stock valued at $4,284,000 after purchasing an additional 34,935 shares during the period. 91.45% of the stock is owned by hedge funds and other institutional investors.
About Dave & Buster’s Entertainment
(Get Free Report)
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.
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