Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Down – Time to Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s stock price gapped down prior to trading on Friday . The stock had previously closed at $28.84, but opened at $28.22. Dave & Buster’s Entertainment shares last traded at $28.49, with a volume of 95,242 shares trading hands.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on the stock. Benchmark initiated coverage on shares of Dave & Buster’s Entertainment in a research note on Monday, October 7th. They set a “hold” rating on the stock. 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 for the company in a report on Wednesday, December 11th. Truist Financial dropped their price objective on 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. Loop Capital decreased their target price on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Hold” and a consensus price target of $52.25.

Dave & Buster’s Entertainment Stock Down 2.1 %

The stock has a fifty day moving average price of $31.08 and a two-hundred day moving average price of $33.50. The company has a market cap of $1.09 billion, a price-to-earnings ratio of 13.97 and a beta of 2.17. The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38.

Insiders Place Their Bets

In related news, CEO Kevin M. Sheehan bought 19,025 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 19th. The shares were bought at an average cost of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This trade represents a 38.05 % increase in their position. The transaction was disclosed in a document filed with the SEC, which is available through this link. Corporate insiders own 1.60% of the company’s stock.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently bought and sold shares of PLAY. XTX Topco Ltd boosted its position in shares of 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 acquiring an additional 33,988 shares in the last quarter. Charles Schwab Investment Management Inc. boosted its holdings in shares of Dave & Buster’s Entertainment by 3.4% in 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 purchasing an additional 15,015 shares in the last quarter. Eminence Capital LP increased its stake 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 purchasing an additional 1,542,154 shares during the last quarter. LMR Partners LLP bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter valued at $3,167,000. Finally, Millennium Management LLC lifted its position in shares of Dave & Buster’s Entertainment by 55.2% during the 2nd quarter. Millennium Management LLC now owns 219,015 shares of the restaurant operator’s stock worth $8,719,000 after buying an additional 77,916 shares during the last quarter. 91.45% of the stock is owned by institutional investors.

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.