Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan Acquires 37,735 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Kevin M. Sheehan purchased 37,735 shares of Dave & Buster’s Entertainment stock in a transaction that occurred on Thursday, December 12th. The shares were bought at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the transaction, the chief executive officer now 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 transaction was disclosed in a document filed with the SEC, which is available at the SEC website.

Dave & Buster’s Entertainment Stock Performance

PLAY stock opened at $27.48 on Friday. Dave & Buster’s Entertainment Inc has a twelve month low of $25.00 and a twelve month high of $69.82. The company has a quick ratio of 0.14, a current ratio of 0.29 and a debt-to-equity ratio of 6.38. The company has a market cap of $1.06 billion, a P/E ratio of 13.60 and a beta of 2.13. The business’s fifty day moving average is $36.31 and its 200-day moving average is $36.70.

Wall Street Analysts Forecast Growth

A number of equities analysts have weighed in on PLAY shares. StockNews.com downgraded shares of Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. BMO Capital Markets dropped 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 report on Wednesday. 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 research report on Thursday. Benchmark started coverage on Dave & Buster’s Entertainment in a research note on Monday, October 7th. They issued a “hold” rating for the company. Finally, Truist Financial reaffirmed a “hold” rating and set a $36.00 price target (down previously from $56.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday. One research analyst has rated the stock with a sell rating, seven have issued a hold rating and three have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Hold” and an average price target of $53.38.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Several hedge funds have recently added to or reduced their stakes in PLAY. Eminence Capital LP grew its position in shares of Dave & Buster’s Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock worth $150,023,000 after buying an additional 1,542,154 shares during the period. American Century Companies Inc. boosted its stake in Dave & Buster’s Entertainment by 8.2% during the 2nd quarter. American Century Companies Inc. now owns 1,266,280 shares of the restaurant operator’s stock worth $50,411,000 after acquiring an additional 95,499 shares during the last quarter. Rubric Capital Management LP grew its holdings in Dave & Buster’s Entertainment by 104.7% during the second quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock valued at $48,767,000 after purchasing an additional 626,497 shares during the period. Dimensional Fund Advisors LP increased its stake in Dave & Buster’s Entertainment by 2.2% in the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator’s stock valued at $45,553,000 after purchasing an additional 25,138 shares in the last quarter. Finally, Coronation Fund Managers Ltd. raised its holdings in Dave & Buster’s Entertainment by 2.9% in the second quarter. Coronation Fund Managers Ltd. now owns 1,035,106 shares of the restaurant operator’s stock worth $41,208,000 after purchasing an additional 29,627 shares during the period. 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.