Insider Selling: Dave & Buster's Entertainment, Inc. (PLAY) CEO Sells 45,000 Shares of Stock

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) CEO Stephen M. King sold 45,000 shares of the company’s stock in a transaction that occurred on Monday, April 3rd. The stock was sold at an average price of $60.53, for a total value of $2,723,850.00. Following the transaction, the chief executive officer now owns 1 shares of the company’s stock, valued at $60.53. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink.

Dave & Buster's Entertainment, Inc. (NASDAQ:PLAY) traded down 0.08% on Friday, reaching $62.72. The company’s stock had a trading volume of 402,385 shares. Dave & Buster's Entertainment, Inc. has a 12 month low of $36.83 and a 12 month high of $63.12. The company has a 50-day moving average price of $59.67 and a 200 day moving average price of $52.49. The company has a market cap of $2.63 billion, a P/E ratio of 29.87 and a beta of 0.71.

Dave & Buster's Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Tuesday, March 28th. The restaurant operator reported $0.63 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.59 by $0.04. The company earned $270.18 million during the quarter, compared to analyst estimates of $269.77 million. Dave & Buster's Entertainment had a return on equity of 22.15% and a net margin of 8.91%. The firm’s quarterly revenue was up 15.4% on a year-over-year basis. During the same quarter last year, the company earned $0.53 earnings per share. On average, equities research analysts anticipate that Dave & Buster's Entertainment, Inc. will post $2.44 EPS for the current fiscal year.

Insider Buying and Selling by Quarter for Dave & Buster's Entertainment (NASDAQ:PLAY)

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A number of research analysts recently commented on PLAY shares. Canaccord Genuity restated a “buy” rating on shares of Dave & Buster's Entertainment in a research note on Friday, February 17th. Zacks Investment Research lowered Dave & Buster's Entertainment from a “buy” rating to a “hold” rating in a research note on Thursday, March 23rd. Jefferies Group LLC restated a “buy” rating on shares of Dave & Buster's Entertainment in a research note on Friday, January 6th. Piper Jaffray Companies upped their target price on Dave & Buster's Entertainment from $63.00 to $68.00 and gave the company an “overweight” rating in a research note on Friday, March 24th. Finally, Maxim Group started coverage on Dave & Buster's Entertainment in a research note on Monday, March 20th. They issued a “buy” rating and a $72.00 target price for the company. Two equities research analysts have rated the stock with a hold rating and nine have assigned a buy rating to the company’s stock. The stock presently has an average rating of “Buy” and a consensus price target of $62.72.

Large investors have recently bought and sold shares of the stock. FMR LLC raised its stake in Dave & Buster's Entertainment by 4.8% in the fourth quarter. FMR LLC now owns 6,307,593 shares of the restaurant operator’s stock valued at $355,117,000 after buying an additional 291,674 shares in the last quarter. BlackRock Fund Advisors raised its stake in Dave & Buster's Entertainment by 6.8% in the third quarter. BlackRock Fund Advisors now owns 961,968 shares of the restaurant operator’s stock valued at $37,690,000 after buying an additional 60,934 shares in the last quarter. BlackRock Institutional Trust Company N.A. raised its stake in Dave & Buster's Entertainment by 12.3% in the third quarter. BlackRock Institutional Trust Company N.A. now owns 901,256 shares of the restaurant operator’s stock valued at $35,311,000 after buying an additional 98,795 shares in the last quarter. Putnam Investments LLC acquired a new stake in Dave & Buster's Entertainment during the fourth quarter valued at about $47,581,000. Finally, Melvin Capital Management LP raised its stake in Dave & Buster's Entertainment by 153.8% in the third quarter. Melvin Capital Management LP now owns 825,000 shares of the restaurant operator’s stock valued at $32,324,000 after buying an additional 500,000 shares in the last quarter.

5 Day Chart for NASDAQ:PLAY

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