Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) CEO Christopher Daniel Morris acquired 14,912 shares of Dave & Buster's Entertainment stock in a transaction on Monday, October 7th. The stock was purchased at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares in the company, valued at $2,823,128.49. This represents a 0.00 % increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink.
Dave & Buster's Entertainment Trading Up 1.1 %
Shares of Dave & Buster's Entertainment stock opened at $31.95 on Thursday. The stock has a market capitalization of $1.26 billion, a P/E ratio of 13.60 and a beta of 2.15. Dave & Buster's Entertainment Inc has a 52-week low of $29.31 and a 52-week high of $69.82. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The stock's 50-day simple moving average is $32.29 and its 200 day simple moving average is $43.10.
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Dave & Buster's Entertainment (NASDAQ:PLAY - Get Free Report) last posted its quarterly earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.84 by $0.28. The company had revenue of $557.10 million for the quarter, compared to analyst estimates of $560.65 million. Dave & Buster's Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The company's quarterly revenue was up 2.8% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $0.94 earnings per share. As a group, research analysts anticipate that Dave & Buster's Entertainment Inc will post 2.7 EPS for the current year.
Institutional Investors Weigh In On Dave & Buster's Entertainment
A number of hedge funds and other institutional investors have recently bought and sold shares of PLAY. Kimelman & Baird LLC purchased a new position in shares of Dave & Buster's Entertainment in the second quarter valued at $28,000. Headlands Technologies LLC lifted its holdings in Dave & Buster's Entertainment by 23.4% during the 1st quarter. Headlands Technologies LLC now owns 1,227 shares of the restaurant operator's stock worth $77,000 after purchasing an additional 233 shares in the last quarter. Allspring Global Investments Holdings LLC boosted its stake in Dave & Buster's Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator's stock worth $161,000 after purchasing an additional 4,021 shares during the period. Mackenzie Financial Corp purchased a new position in Dave & Buster's Entertainment during the 2nd quarter valued at about $207,000. Finally, O Shaughnessy Asset Management LLC bought a new stake in shares of Dave & Buster's Entertainment during the first quarter valued at about $249,000. Institutional investors own 91.45% of the company's stock.
Analyst Upgrades and Downgrades
Several research firms have recently issued reports on PLAY. Loop Capital reduced their target price on Dave & Buster's Entertainment from $63.00 to $59.00 and set a "buy" rating for the company in a report on Thursday, September 12th. Truist Financial reduced their price objective on Dave & Buster's Entertainment from $64.00 to $59.00 and set a "buy" rating for the company in a research note on Thursday, August 22nd. BMO Capital Markets lowered their target price on Dave & Buster's Entertainment from $65.00 to $55.00 and set an "outperform" rating on the stock in a research note on Wednesday, September 11th. William Blair restated an "outperform" rating on shares of Dave & Buster's Entertainment in a research report on Thursday, June 13th. Finally, UBS Group lowered their price objective on shares of Dave & Buster's Entertainment from $66.00 to $56.00 and set a "neutral" rating on the stock in a research report on Wednesday, June 12th. One analyst has rated the stock with a sell rating, four have assigned a hold rating and five have issued a buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Hold" and a consensus price target of $62.57.
View Our Latest Research Report on Dave & Buster's Entertainment
Dave & Buster's Entertainment Company Profile
(
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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