Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading 6.6% Higher – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was up 6.6% during mid-day trading on Monday . The stock traded as high as $18.50 and last traded at $18.54. Approximately 536,453 shares were traded during trading, a decline of 63% from the average daily volume of 1,461,573 shares. The stock had previously closed at $17.40.

Wall Street Analysts Forecast Growth

Several research analysts recently issued reports on PLAY shares. BMO Capital Markets cut 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. Gordon Haskett reissued a “hold” rating and set a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Truist Financial cut their price target on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating for the company in a report on Thursday, January 16th. Loop Capital cut their price target on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a report on Thursday, December 12th. Finally, William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and two have given a buy rating to the stock. According to MarketBeat, the stock currently has an average rating of “Hold” and an average price target of $46.67.

Dave & Buster’s Entertainment Stock Down 1.3 %

The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The firm’s 50-day simple moving average is $24.05 and its two-hundred day simple moving average is $30.38. The company has a market capitalization of $719.24 million, a price-to-earnings ratio of 9.25 and a beta of 2.17.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the stock in a transaction dated Thursday, December 19th. The shares were acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the transaction, the chief executive officer now directly owns 69,025 shares of the company’s stock, valued at $1,825,021. This trade represents a 38.05 % increase in their ownership of the stock. The purchase was disclosed in a filing with the SEC, which is available through this hyperlink. 1.60% of the stock is currently owned by company insiders.

Institutional Trading of Dave & Buster’s Entertainment

Several large investors have recently modified their holdings of PLAY. Clearline Capital LP grew its position in shares of Dave & Buster’s Entertainment by 1,768.8% in the fourth quarter. Clearline Capital LP now owns 1,146,224 shares of the restaurant operator’s stock valued at $33,458,000 after purchasing an additional 1,084,890 shares during the last quarter. Patient Capital Management LLC grew its position in shares of Dave & Buster’s Entertainment by 36.6% in the fourth quarter. Patient Capital Management LLC now owns 1,777,260 shares of the restaurant operator’s stock valued at $51,878,000 after purchasing an additional 476,662 shares during the last quarter. SG Americas Securities LLC grew its position in shares of Dave & Buster’s Entertainment by 1,100.8% in the fourth quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator’s stock valued at $12,405,000 after purchasing an additional 389,577 shares during the last quarter. Boston Partners grew its position in shares of Dave & Buster’s Entertainment by 132.5% in the fourth quarter. Boston Partners now owns 567,734 shares of the restaurant operator’s stock valued at $16,563,000 after purchasing an additional 323,595 shares during the last quarter. Finally, Woodline Partners LP acquired a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at approximately $6,702,000. 91.45% of the stock is currently owned by institutional investors and hedge funds.

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.