Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Buys $961,487.80 in Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan acquired 37,735 shares of Dave & Buster’s Entertainment stock in a transaction dated Thursday, December 12th. The stock was acquired at an average cost of $25.48 per share, with a total value of $961,487.80. Following the completion of the transaction, the chief executive officer now directly owns 139,011 shares of the company’s stock, valued at $3,542,000.28. This trade represents a 37.26 % increase in their position. The acquisition was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website.

Dave & Buster’s Entertainment Price Performance

Dave & Buster’s Entertainment stock opened at $27.48 on Friday. The business has a 50 day simple moving average of $36.31 and a 200 day simple moving average of $36.70. The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.14. The company has a market capitalization of $1.06 billion, a PE ratio of 13.60 and a beta of 2.13. Dave & Buster’s Entertainment Inc has a one year low of $25.00 and a one year high of $69.82.

Institutional Inflows and Outflows

Hedge funds and other institutional investors have recently made changes to their positions in the stock. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster’s Entertainment in the 2nd quarter worth about $28,000. Quarry LP acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at about $47,000. Point72 Hong Kong Ltd bought a new stake in Dave & Buster’s Entertainment during the third quarter worth about $121,000. Allspring Global Investments Holdings LLC increased its holdings in shares of Dave & Buster’s Entertainment by 22,338.9% during the second 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 in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter worth approximately $144,000. 91.45% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several analysts have issued reports on PLAY shares. Benchmark began coverage on shares of Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating on the stock. BMO Capital Markets lowered their price target on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday. StockNews.com downgraded Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. Loop Capital decreased their price objective on Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating on the stock in a report on Thursday. Finally, Truist Financial restated a “hold” rating and issued a $36.00 target price (down from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. 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, Dave & Buster’s Entertainment currently has a consensus rating of “Hold” and an average price target of $53.38.

About Dave & Buster’s Entertainment

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.