Dave & Buster’s Entertainment (NASDAQ:PLAY) Hits New 12-Month Low – Should You Sell?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) hit a new 52-week low on Tuesday . The company traded as low as $19.07 and last traded at $19.14, with a volume of 2096030 shares trading hands. The stock had previously closed at $20.89.

Wall Street Analysts Forecast Growth

PLAY has been the subject of several research analyst reports. Gordon Haskett reissued a “hold” rating and issued a $34.00 price objective (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. BMO Capital Markets lowered their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research report on Wednesday, December 11th. William Blair reaffirmed a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital decreased their target price on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research note on Thursday, December 12th. Finally, Truist Financial dropped their price target on Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research report on Thursday, January 16th. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. According to data from MarketBeat, Dave & Buster’s Entertainment presently has an average rating of “Hold” and a consensus target price of $51.43.

Dave & Buster’s Entertainment Stock Down 8.4 %

The company has a quick ratio of 0.19, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The stock has a market capitalization of $736.95 million, a PE ratio of 9.48 and a beta of 2.17. The firm’s fifty day moving average is $26.40 and its 200-day moving average is $31.40.

Insider Transactions at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 37,735 shares of the firm’s stock in a transaction that occurred on Thursday, December 12th. The shares were purchased at an average cost of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the purchase, the chief executive officer now directly owns 139,011 shares in the company, valued at $3,542,000.28. This represents a 37.26 % increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

Hedge funds and other institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Dave & Buster’s Entertainment during the 3rd quarter worth $47,000. SBI Securities Co. Ltd. purchased a new stake in Dave & Buster’s Entertainment during the fourth quarter worth about $47,000. KBC Group NV grew its position in Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after buying an additional 885 shares during the period. Point72 Hong Kong Ltd purchased a new position in Dave & Buster’s Entertainment in the third quarter valued at about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new stake in shares of Dave & Buster’s Entertainment during the 3rd quarter valued at approximately $144,000. Institutional investors and hedge funds own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

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.