Dave & Buster’s Entertainment (NASDAQ:PLAY) SVP Rodolfo Rodriguez, Jr. Buys 730 Shares of Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) SVP Rodolfo Rodriguez, Jr. purchased 730 shares of the business’s stock in a transaction on Friday, January 16th. The stock was acquired at an average price of $20.10 per share, with a total value of $14,673.00. Following the purchase, the senior vice president directly owned 14,500 shares in the company, valued at $291,450. This represents a 5.30% increase in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website.

Dave & Buster’s Entertainment Price Performance

Shares of Dave & Buster’s Entertainment stock opened at $20.65 on Wednesday. The company has a market capitalization of $716.14 million, a price-to-earnings ratio of -516.12 and a beta of 1.74. The company has a quick ratio of 0.22, a current ratio of 0.32 and a debt-to-equity ratio of 11.87. The stock’s 50-day simple moving average is $17.05 and its 200-day simple moving average is $20.86. Dave & Buster’s Entertainment, Inc. has a 52 week low of $13.04 and a 52 week high of $35.53.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Tuesday, December 9th. The restaurant operator reported ($1.22) earnings per share (EPS) for the quarter, missing the consensus estimate of ($1.16) by ($0.06). Dave & Buster’s Entertainment had a return on equity of 19.13% and a net margin of 0.01%.The business had revenue of $448.20 million for the quarter, compared to analysts’ expectations of $460.66 million. During the same quarter in the prior year, the business posted ($0.45) EPS. The business’s revenue for the quarter was down 1.1% compared to the same quarter last year. As a group, analysts expect that Dave & Buster’s Entertainment, Inc. will post 2.52 earnings per share for the current fiscal year.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Several large investors have recently added to or reduced their stakes in the stock. Edge Wealth Management LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 4th quarter valued at approximately $163,000. SG Americas Securities LLC raised its holdings in Dave & Buster’s Entertainment by 232.3% during the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after buying an additional 443,308 shares during the period. CIBC Bancorp USA Inc. bought a new stake in Dave & Buster’s Entertainment in the third quarter worth $6,118,000. Advisory Services Network LLC purchased a new position in Dave & Buster’s Entertainment during the third quarter worth $27,000. Finally, Dark Forest Capital Management LP bought a new position in Dave & Buster’s Entertainment during the third quarter valued at $2,265,000. 91.45% of the stock is owned by institutional investors.

Analyst Ratings Changes

PLAY has been the subject of several research analyst reports. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, October 8th. Zacks Research upgraded Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Loop Capital set a $20.00 target price on Dave & Buster’s Entertainment in a research report on Wednesday, December 10th. UBS Group dropped their price target on Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating for the company in a research note on Tuesday, January 6th. Finally, Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price objective on the stock in a research note on Friday. Three investment analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Hold” and a consensus target price of $23.83.

About Dave & Buster’s Entertainment

Dave & Buster’s Entertainment, Inc operates a chain of combined restaurant and entertainment venues designed to appeal to families, young adults and corporate groups. Each location features a full-service restaurant and bar alongside an arcade gaming area with ticket-based redemption, virtual reality experiences and skill-based games. Many venues also include multiple large-screen televisions and a sports bar atmosphere, catering to fans who wish to watch live sporting events in a social setting.

The company was founded in 1982 by David Corriveau and James “Buster” Corley, opening its first location in Dallas, Texas.