Traders Purchase Large Volume of Dave & Buster’s Entertainment Call Options (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was the target of some unusual options trading on Tuesday. Stock investors acquired 11,669 call options on the company. This represents an increase of approximately 172% compared to the average volume of 4,293 call options.

Insider Activity

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of the firm’s stock in a transaction dated Monday, October 7th. The shares were acquired at an average cost of $33.67 per share, for a total transaction of $502,087.04. Following the transaction, 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 acquisition was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, CEO Kevin M. Sheehan bought 37,735 shares of the company’s stock in a transaction dated Thursday, December 12th. The stock was bought at an average cost of $25.48 per share, with a total value of $961,487.80. Following the completion of the acquisition, the chief executive officer now owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their position. The disclosure for this purchase can be found here. Over the last quarter, insiders have acquired 71,672 shares of company stock worth $1,966,596. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

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

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock traded up $1.15 during trading on Tuesday, reaching $29.60. 873,838 shares of the company’s stock were exchanged, compared to its average volume of 1,354,731. The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.14 and a current ratio of 0.29. Dave & Buster’s Entertainment has a 1-year low of $25.00 and a 1-year high of $69.82. The company has a market cap of $1.14 billion, a P/E ratio of 14.65 and a beta of 2.13. The firm’s 50-day moving average price is $35.00 and its 200 day moving average price is $34.98.

Analysts Set New Price Targets

A number of analysts have commented on the stock. Loop Capital lowered their target price 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. BMO Capital Markets decreased their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett restated a “hold” rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster’s Entertainment in a research report on Wednesday, December 11th. Finally, 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. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have issued a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Hold” and a consensus target price of $53.38.

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.