Kevin M. Sheehan Purchases 37,735 Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan purchased 37,735 shares of the business’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the acquisition, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink.

Dave & Buster’s Entertainment Stock Performance

Shares of PLAY stock opened at $27.48 on Friday. The business has a fifty day moving average of $36.31 and a 200 day moving average of $36.78. 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. The firm has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.60 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last announced its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.84 by $0.28. The firm had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. Dave & Buster’s Entertainment had a return on equity of 44.22% and a net margin of 3.88%. The company’s revenue for the quarter was up 2.8% compared to the same quarter last year. During the same period last year, the business posted $0.94 earnings per share. As a group, research analysts expect that Dave & Buster’s Entertainment Inc will post 2.54 earnings per share for the current year.

Analyst Ratings Changes

Several research firms have issued reports on PLAY. Loop Capital cut their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a research note on Thursday. BMO Capital Markets reduced their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Truist Financial reaffirmed a “hold” rating and set a $36.00 price target (down from $56.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday. Finally, Benchmark started coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Hold” and a consensus price target of $53.38.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors have recently bought and sold shares of the business. SG Americas Securities LLC increased its stake in shares of Dave & Buster’s Entertainment by 1,931.4% in the second quarter. SG Americas Securities LLC now owns 38,698 shares of the restaurant operator’s stock worth $1,541,000 after acquiring an additional 36,793 shares during the period. XTX Topco Ltd grew its position in Dave & Buster’s Entertainment by 171.5% during the 3rd quarter. XTX Topco Ltd now owns 53,803 shares of the restaurant operator’s stock worth $1,832,000 after purchasing an additional 33,988 shares during the period. Charles Schwab Investment Management Inc. raised its stake in shares of Dave & Buster’s Entertainment by 3.4% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator’s stock valued at $15,738,000 after buying an additional 15,015 shares during the last quarter. Eminence Capital LP lifted its holdings in shares of Dave & Buster’s Entertainment by 69.3% in the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after buying an additional 1,542,154 shares during the period. Finally, Hennessy Advisors Inc. purchased a new stake in shares of Dave & Buster’s Entertainment in the second quarter worth about $5,191,000. 91.45% of the stock is owned by hedge funds and other institutional investors.

About Dave & Buster’s Entertainment

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.