Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) Given Consensus Rating of “Hold” by Analysts

Shares of Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) have been given an average recommendation of “Hold” by the ten analysts that are currently covering the firm, Marketbeat.com reports. Seven equities research analysts have rated the stock with a hold rating and three have assigned a buy rating to the company. The average 12 month target price among analysts that have issued a report on the stock in the last year is $53.38.

A number of analysts have recently commented on the stock. StockNews.com cut shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. William Blair restated a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets lowered their target price 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 issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, Benchmark initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They set a “hold” rating for the company.

Insider Buying and Selling

In related news, CEO Kevin M. Sheehan bought 37,735 shares of the firm’s stock in a transaction on Thursday, December 12th. The stock was acquired at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the purchase, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Christopher Daniel Morris purchased 14,912 shares of the company’s stock in a transaction dated Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the purchase, the chief executive officer now owns 83,847 shares in the company, valued at approximately $2,823,128.49. The trade was a 21.63 % increase in their ownership of the stock. The disclosure for this purchase can be found here. In the last ninety days, insiders acquired 71,672 shares of company stock worth $1,966,596. 1.60% of the stock is owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently made changes to their positions in the business. Kimelman & Baird LLC bought a new position in Dave & Buster’s Entertainment in the second quarter worth approximately $28,000. Quarry LP bought a new position in Dave & Buster’s Entertainment in the 3rd quarter worth $47,000. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment during the third quarter valued at $121,000. Point72 Asia Singapore Pte. Ltd. bought a new stake in Dave & Buster’s Entertainment during the third quarter valued at about $144,000. Finally, Allspring Global Investments Holdings LLC increased its position in Dave & Buster’s Entertainment by 22,338.9% in the second quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock worth $161,000 after buying an additional 4,021 shares in the last quarter. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Trading Up 0.3 %

PLAY opened at $30.37 on Friday. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. Dave & Buster’s Entertainment has a 52 week low of $25.00 and a 52 week high of $69.82. The stock has a market cap of $1.17 billion, a PE ratio of 15.03 and a beta of 2.17. The business has a 50 day moving average of $34.52 and a 200-day moving average of $34.71.

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.