Dave & Buster’s Entertainment (NASDAQ:PLAY) CEO Purchases $51,300.00 in Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal acquired 2,500 shares of the business’s stock in a transaction on Thursday, September 18th. The stock was acquired at an average price of $20.52 per share, with a total value of $51,300.00. Following the transaction, the chief executive officer owned 10,560 shares in the company, valued at approximately $216,691.20. The trade was a 31.02% increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link.

Dave & Buster’s Entertainment Price Performance

Shares of PLAY stock opened at $9.81 on Friday. The stock’s fifty day moving average is $15.88 and its 200-day moving average is $16.94. The company has a debt-to-equity ratio of 11.87, a quick ratio of 0.22 and a current ratio of 0.32. The stock has a market capitalization of $340.21 million, a PE ratio of -245.19 and a beta of 1.79. Dave & Buster’s Entertainment, Inc. has a 52 week low of $9.61 and a 52 week high of $35.53.

Wall Street Analyst Weigh In

A number of equities analysts have weighed in on PLAY shares. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $23.00 to $18.00 and set a “hold” rating for the company in a research note on Thursday, January 8th. Benchmark raised shares of Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target on the stock in a research note on Friday, January 16th. BMO Capital Markets lowered their price target on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating for the company in a report on Wednesday, December 10th. Zacks Research upgraded shares of Dave & Buster’s Entertainment from a “strong sell” rating to a “hold” rating in a research report on Thursday, December 11th. Finally, Wall Street Zen downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Saturday, March 21st. Three analysts have rated the stock with a Buy rating, four have issued a Hold rating and one has issued a Sell rating to the company. According to data from MarketBeat, the company has a consensus rating of “Hold” and an average price target of $23.83.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Institutional investors and hedge funds have recently modified their holdings of the business. Nomura Holdings Inc. lifted its holdings in Dave & Buster’s Entertainment by 532.9% in the third quarter. Nomura Holdings Inc. now owns 2,411,191 shares of the restaurant operator’s stock valued at $43,787,000 after buying an additional 2,030,186 shares during the period. Arrowstreet Capital Limited Partnership grew its holdings in Dave & Buster’s Entertainment by 99.9% during the 2nd quarter. Arrowstreet Capital Limited Partnership now owns 999,554 shares of the restaurant operator’s stock worth $30,067,000 after acquiring an additional 499,412 shares during the period. MUFG Securities EMEA plc bought a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $7,359,000. ING Groep NV bought a new stake in shares of Dave & Buster’s Entertainment during the 4th quarter valued at $7,311,000. Finally, SG Americas Securities LLC lifted its stake in shares of Dave & Buster’s Entertainment by 232.3% in the 4th quarter. SG Americas Securities LLC now owns 634,148 shares of the restaurant operator’s stock valued at $10,280,000 after purchasing an additional 443,308 shares during the period. 91.45% of the stock is owned by institutional investors.

Dave & Buster’s Entertainment Company Profile

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.