Insider Buying: Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Buys $503,021.00 in Stock

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction dated Thursday, December 19th. The stock was bought at an average price of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now owns 69,025 shares in the company, valued at approximately $1,825,021. This represents a 38.05 % increase in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website.

Dave & Buster’s Entertainment Price Performance

Shares of NASDAQ PLAY opened at $27.40 on Friday. The stock has a fifty day moving average price of $35.82 and a 200 day moving average price of $35.90. Dave & Buster’s Entertainment Inc has a 1-year low of $25.00 and a 1-year high of $69.82. 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 cap of $1.05 billion, a PE ratio of 13.56 and a beta of 2.13.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently bought and sold shares of PLAY. Louisiana State Employees Retirement System boosted its holdings in shares of Dave & Buster’s Entertainment by 1.9% in the second quarter. Louisiana State Employees Retirement System now owns 16,200 shares of the restaurant operator’s stock valued at $645,000 after acquiring an additional 300 shares in the last quarter. GDS Wealth Management boosted its holdings in Dave & Buster’s Entertainment by 3.3% in the 3rd quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator’s stock valued at $518,000 after purchasing an additional 488 shares in the last quarter. Kimelman & Baird LLC acquired a new position in Dave & Buster’s Entertainment during the 2nd quarter worth approximately $28,000. Cerity Partners LLC raised its stake in shares of Dave & Buster’s Entertainment by 3.2% during the 3rd quarter. Cerity Partners LLC now owns 23,204 shares of the restaurant operator’s stock worth $790,000 after buying an additional 710 shares in the last quarter. Finally, Lombard Odier Asset Management USA Corp lifted its holdings in shares of Dave & Buster’s Entertainment by 21.4% in the 2nd quarter. Lombard Odier Asset Management USA Corp now owns 6,900 shares of the restaurant operator’s stock valued at $275,000 after buying an additional 1,217 shares during the period. Hedge funds and other institutional investors own 91.45% of the company’s stock.

Analyst Ratings Changes

Several research firms have issued reports on PLAY. BMO Capital Markets decreased their price objective on shares of Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating for the company in a research note on Wednesday, December 11th. Benchmark initiated coverage on Dave & Buster’s Entertainment in a research report on Monday, October 7th. They issued a “hold” rating for the company. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research report on Wednesday, September 11th. William Blair reissued a “market perform” rating on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Finally, Truist Financial reaffirmed a “hold” rating and issued a $36.00 target price (down from $56.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have given a buy rating to the stock. According to data from MarketBeat, Dave & Buster’s Entertainment 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.