Tarun Lal Buys 1,000 Shares of Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock

Dave & Buster’s Entertainment, Inc. (NASDAQ:PLAY) CEO Tarun Lal bought 1,000 shares of the firm’s stock in a transaction that occurred on Tuesday, October 21st. The stock was bought at an average price of $18.39 per share, with a total value of $18,390.00. Following the completion of the acquisition, the chief executive officer owned 11,560 shares of the company’s stock, valued at $212,588.40. This trade represents a 9.47% increase in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink.

Dave & Buster’s Entertainment Price Performance

PLAY stock opened at $9.81 on Monday. The business’s 50-day moving average is $15.88 and its two-hundred day moving average is $16.87. The company has a debt-to-equity ratio of 11.87, a current ratio of 0.32 and a quick ratio of 0.22. The firm has a market capitalization of $340.21 million, a P/E ratio of -245.19 and a beta of 1.79. Dave & Buster’s Entertainment, Inc. has a 1 year low of $9.61 and a 1 year high of $35.53.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of hedge funds have recently modified their holdings of the business. Advisory Services Network LLC acquired a new stake in Dave & Buster’s Entertainment during the 3rd quarter worth $27,000. Caitong International Asset Management Co. Ltd increased its stake in Dave & Buster’s Entertainment by 616.6% in the fourth quarter. Caitong International Asset Management Co. Ltd now owns 1,942 shares of the restaurant operator’s stock valued at $31,000 after purchasing an additional 1,671 shares during the period. Leonteq Securities AG purchased a new stake in shares of Dave & Buster’s Entertainment in the fourth quarter valued at about $42,000. Tower Research Capital LLC TRC boosted its stake in shares of Dave & Buster’s Entertainment by 292.4% during the second quarter. Tower Research Capital LLC TRC now owns 5,062 shares of the restaurant operator’s stock worth $152,000 after buying an additional 3,772 shares during the period. Finally, Quadrant Capital Group LLC acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth about $104,000. 91.45% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of analysts have issued reports on PLAY shares. Benchmark raised Dave & Buster’s Entertainment from a “hold” rating to a “buy” rating and set a $30.00 price target for the company in a report on Friday, January 16th. Weiss Ratings reissued a “sell (d)” rating on shares of Dave & Buster’s Entertainment in a research report on Wednesday, January 21st. Loop Capital set a $20.00 price target on Dave & Buster’s Entertainment in a report on Wednesday, December 10th. UBS Group dropped their price target on shares of Dave & Buster’s Entertainment from $20.00 to $19.00 and set a “neutral” rating on the stock in a research note on Tuesday, January 6th. Finally, BMO Capital Markets cut their price objective on shares of Dave & Buster’s Entertainment from $35.00 to $30.00 and set an “outperform” rating on the stock in a report on Wednesday, December 10th. Three equities research analysts have rated the stock with a Buy rating, four have assigned a Hold rating and one has given a Sell rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and a consensus target price of $23.83.

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.