Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Stephen M. King sold 45,000 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The shares were sold at an average price of $49.80, for a total value of $2,241,000.00. Following the completion of the transaction, the chief executive officer now owns 22,501 shares of the company’s stock, valued at approximately $1,120,549.80. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dave & Buster’s Entertainment, Inc. (PLAY) traded up 4.17% during mid-day trading on Friday, hitting $51.66. The company’s stock had a trading volume of 1,476,957 shares. The firm’s 50-day moving average is $60.60 and its 200-day moving average is $62.86. Dave & Buster’s Entertainment, Inc. has a 12-month low of $37.60 and a 12-month high of $73.48. The company has a market cap of $2.14 billion, a P/E ratio of 21.86 and a beta of 0.65.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, September 5th. The restaurant operator reported $0.59 earnings per share (EPS) for the quarter, beating the consensus estimate of $0.55 by $0.04. Dave & Buster’s Entertainment had a return on equity of 24.58% and a net margin of 10.27%. The firm had revenue of $280.80 million for the quarter, compared to the consensus estimate of $281.69 million. During the same period in the prior year, the firm earned $0.50 EPS. The firm’s revenue was up 14.9% on a year-over-year basis. Analysts predict that Dave & Buster’s Entertainment, Inc. will post $2.69 EPS for the current fiscal year.

Dave & Buster’s Entertainment declared that its board has initiated a stock repurchase plan on Tuesday, June 6th that permits the company to repurchase $100.00 million in outstanding shares. This repurchase authorization permits the restaurant operator to purchase up to 3.4% of its shares through open market purchases. Shares repurchase plans are often an indication that the company’s board of directors believes its shares are undervalued.

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A number of research analysts have recently commented on the company. Zacks Investment Research cut Dave & Buster’s Entertainment from a “buy” rating to a “hold” rating in a research note on Tuesday, June 6th. Piper Jaffray Companies raised their price objective on Dave & Buster’s Entertainment from $70.00 to $74.00 and gave the company an “overweight” rating in a research report on Wednesday, June 7th. Canaccord Genuity raised their price objective on Dave & Buster’s Entertainment from $70.00 to $77.00 and gave the company a “buy” rating in a research report on Friday, June 9th. Jefferies Group LLC reaffirmed a “buy” rating and set a $65.00 price objective on shares of Dave & Buster’s Entertainment in a research report on Thursday, May 18th. Finally, BidaskClub lowered Dave & Buster’s Entertainment from a “strong-buy” rating to a “buy” rating in a research report on Saturday, June 17th. One equities research analyst has rated the stock with a sell rating and eleven have given a buy rating to the stock. The stock currently has an average rating of “Buy” and a consensus target price of $74.11.

Hedge funds and other institutional investors have recently added to or reduced their stakes in the stock. Tower Research Capital LLC TRC grew its position in Dave & Buster’s Entertainment by 335.9% during the 1st quarter. Tower Research Capital LLC TRC now owns 1,905 shares of the restaurant operator’s stock worth $116,000 after purchasing an additional 1,468 shares during the period. Tyers Asset Management LLC grew its position in Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Tyers Asset Management LLC now owns 1,988 shares of the restaurant operator’s stock worth $122,000 after purchasing an additional 168 shares during the period. Strs Ohio grew its position in Dave & Buster’s Entertainment by 76.9% during the 1st quarter. Strs Ohio now owns 2,300 shares of the restaurant operator’s stock worth $140,000 after purchasing an additional 1,000 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank grew its position in Dave & Buster’s Entertainment by 147.6% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 2,157 shares of the restaurant operator’s stock worth $143,000 after purchasing an additional 1,286 shares during the period. Finally, Flinton Capital Management LLC grew its position in Dave & Buster’s Entertainment by 9.2% during the 1st quarter. Flinton Capital Management LLC now owns 2,414 shares of the restaurant operator’s stock worth $148,000 after purchasing an additional 204 shares during the period.

Dave & Buster’s Entertainment Company Profile

Dave & Buster’s Entertainment, Inc owns and operates entertainment and dining venues for adults and families in North America. Its venues offer a menu of ‘Fun American New Gourmet’ entrées 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.

Insider Buying and Selling by Quarter for Dave & Buster`s Entertainment (NASDAQ:PLAY)

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