Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 4.7% – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) traded down 4.7% during trading on Tuesday . The company traded as low as $37.16 and last traded at $37.16. 117,741 shares changed hands during mid-day trading, a decline of 91% from the average session volume of 1,247,316 shares. The stock had previously closed at $39.00.

Analysts Set New Price Targets

PLAY has been the topic of several analyst reports. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a report on Thursday, September 12th. Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating on the stock. Truist Financial lowered their target price on shares of Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a report on Tuesday, November 26th. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a report on Tuesday, November 26th. Finally, StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Hold” and an average price target of $61.57.

Dave & Buster’s Entertainment Stock Down 1.9 %

The company has a debt-to-equity ratio of 4.54, a current ratio of 0.24 and a quick ratio of 0.14. The firm’s 50-day moving average is $36.48 and its 200 day moving average is $37.54. The stock has a market cap of $1.47 billion, a price-to-earnings ratio of 13.66 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its earnings results on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. The business had revenue of $557.10 million during the quarter, compared to the consensus estimate of $560.65 million. Dave & Buster’s Entertainment had a net margin of 5.10% and a return on equity of 51.75%. The business’s quarterly revenue was up 2.8% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.94 earnings per share. Sell-side analysts anticipate that Dave & Buster’s Entertainment Inc will post 2.59 earnings per share for the current fiscal year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of the company’s stock in a transaction on Monday, October 7th. The shares were bought at an average cost of $33.67 per share, with a total value of $502,087.04. Following the completion of the acquisition, the chief executive officer now owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several large investors have recently bought and sold shares of PLAY. Price T Rowe Associates Inc. MD boosted its position in shares of Dave & Buster’s Entertainment by 2.5% during the 1st quarter. Price T Rowe Associates Inc. MD now owns 22,757 shares of the restaurant operator’s stock valued at $1,425,000 after purchasing an additional 546 shares in the last quarter. SG Americas Securities LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 1,931.4% during the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after purchasing an additional 36,793 shares during the period. Livforsakringsbolaget Skandia Omsesidigt boosted its holdings in shares of Dave & Buster’s Entertainment by 68.4% during the second quarter. Livforsakringsbolaget Skandia Omsesidigt now owns 12,800 shares of the restaurant operator’s stock worth $510,000 after purchasing an additional 5,200 shares during the period. Coronation Fund Managers Ltd. boosted its holdings in shares of Dave & Buster’s Entertainment by 2.9% during the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after purchasing an additional 29,627 shares during the period. Finally, Nisa Investment Advisors LLC boosted its holdings in shares of Dave & Buster’s Entertainment by 32.8% during the second quarter. Nisa Investment Advisors LLC now owns 206,535 shares of the restaurant operator’s stock worth $8,222,000 after purchasing an additional 51,022 shares during the period. 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.