Dave & Buster’s Entertainment (NASDAQ:PLAY) Trading Down 4.7% – Time to Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price was down 4.7% during mid-day trading on Tuesday . The stock traded as low as $37.16 and last traded at $37.16. Approximately 117,741 shares were traded during mid-day trading, a decline of 91% from the average daily volume of 1,247,316 shares. The stock had previously closed at $39.00.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on PLAY shares. Loop Capital dropped their target price on Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $55.00 to $51.00 and set an “outperform” rating on the stock in a research report on Tuesday, November 26th. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Truist Financial reduced their price objective on Dave & Buster’s Entertainment from $59.00 to $56.00 and set a “buy” rating on the stock in a research report on Tuesday, November 26th. Finally, Benchmark began coverage on Dave & Buster’s Entertainment in a report on Monday, October 7th. They issued a “hold” rating for the company. One research analyst has rated the stock with a sell rating, four have issued a hold rating and five have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Hold” and a consensus price target of $61.57.

Dave & Buster’s Entertainment Trading Down 2.8 %

The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The company has a 50 day simple moving average of $36.26 and a two-hundred day simple moving average of $37.64. The company has a market cap of $1.49 billion, a PE ratio of 14.23 and a beta of 2.13.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The business had revenue of $557.10 million for the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the previous year, the business posted $0.94 earnings per share. Dave & Buster’s Entertainment’s quarterly revenue was up 2.8% on a year-over-year basis. Sell-side analysts forecast that Dave & Buster’s Entertainment Inc will post 2.59 EPS for the current year.

Insiders Place Their Bets

In other news, CEO Christopher Daniel Morris purchased 14,912 shares of the business’s stock in a transaction on 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 directly owns 83,847 shares in the company, valued at $2,823,128.49. The trade was a 21.63 % increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of hedge funds and other institutional investors have recently modified their holdings of PLAY. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment in the second quarter valued at about $28,000. Quarry LP acquired a new position in Dave & Buster’s Entertainment during the 3rd quarter worth about $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth $121,000. Point72 Asia Singapore Pte. Ltd. bought a new position in shares of Dave & Buster’s Entertainment in the 3rd quarter worth about $144,000. Finally, Allspring Global Investments Holdings LLC lifted its position in shares of Dave & Buster’s Entertainment by 22,338.9% during the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares during the period. Institutional investors and hedge funds own 91.45% of the company’s stock.

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.