Insider Selling: Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) SVP Sells $194,477.49 in Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) SVP John Mulleady sold 5,931 shares of the firm’s stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $32.79, for a total value of $194,477.49. Following the completion of the sale, the senior vice president now directly owns 42,550 shares in the company, valued at approximately $1,395,214.50. This trade represents a 12.23% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink.

Dave & Buster’s Entertainment Stock Up 2.2%

Shares of Dave & Buster’s Entertainment stock opened at $32.77 on Friday. The business’s fifty day moving average price is $22.64 and its two-hundred day moving average price is $23.84. The company has a debt-to-equity ratio of 10.69, a current ratio of 0.26 and a quick ratio of 0.17. The company has a market capitalization of $1.13 billion, a P/E ratio of 32.45 and a beta of 2.00. Dave & Buster’s Entertainment, Inc. has a 1-year low of $15.08 and a 1-year high of $43.73.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last issued its quarterly earnings results on Tuesday, June 10th. The restaurant operator reported $0.76 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.96 by ($0.20). Dave & Buster’s Entertainment had a net margin of 1.83% and a return on equity of 40.67%. The firm had revenue of $567.70 million for the quarter, compared to analyst estimates of $572.12 million. During the same quarter last year, the business posted $0.99 earnings per share. The firm’s revenue for the quarter was down 3.5% compared to the same quarter last year. As a group, research analysts forecast that Dave & Buster’s Entertainment, Inc. will post 2.52 EPS for the current year.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently modified their holdings of the company. US Bancorp DE increased its position in shares of Dave & Buster’s Entertainment by 442.0% during the 1st quarter. US Bancorp DE now owns 1,561 shares of the restaurant operator’s stock valued at $27,000 after purchasing an additional 1,273 shares during the period. SBI Securities Co. Ltd. acquired a new position in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $47,000. Signaturefd LLC increased its position in shares of Dave & Buster’s Entertainment by 1,427.5% during the 1st quarter. Signaturefd LLC now owns 4,277 shares of the restaurant operator’s stock valued at $75,000 after purchasing an additional 3,997 shares during the period. GAMMA Investing LLC increased its position in shares of Dave & Buster’s Entertainment by 3,974.8% during the 1st quarter. GAMMA Investing LLC now owns 4,360 shares of the restaurant operator’s stock valued at $77,000 after purchasing an additional 4,253 shares during the period. Finally, Federated Hermes Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 1st quarter valued at $139,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on PLAY shares. Truist Financial raised their price target on Dave & Buster’s Entertainment from $22.00 to $29.00 and gave the stock a “hold” rating in a report on Wednesday, June 11th. Loop Capital lifted their target price on Dave & Buster’s Entertainment from $35.00 to $46.00 and gave the company a “buy” rating in a research note on Wednesday, June 11th. UBS Group lifted their target price on Dave & Buster’s Entertainment from $18.00 to $29.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. Piper Sandler lifted their target price on Dave & Buster’s Entertainment from $22.00 to $30.00 and gave the company a “neutral” rating in a research note on Wednesday, June 11th. Finally, BMO Capital Markets lifted their target price on Dave & Buster’s Entertainment from $30.00 to $35.00 and gave the company an “outperform” rating in a research note on Wednesday, June 11th. One investment analyst has rated the stock with a sell rating, six have issued a hold rating and two have issued a buy rating to the company’s stock. Based on data from MarketBeat, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $33.83.

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.