Dave & Buster’s Entertainment Sees Unusually Large Options Volume (NASDAQ:PLAY)

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) was the target of some unusual options trading activity on Monday. Investors acquired 20,642 put options on the company. This is an increase of approximately 811% compared to the average daily volume of 2,266 put options.

Wall Street Analysts Forecast Growth

PLAY has been the topic of a number of analyst reports. Loop Capital dropped their price target on shares of Dave & Buster’s Entertainment from $86.00 to $63.00 and set a “buy” rating on the stock in a research note on Friday, June 14th. Truist Financial dropped their target price on shares of Dave & Buster’s Entertainment from $64.00 to $59.00 and set a “buy” rating on the stock in a research note on Thursday, August 22nd. William Blair reiterated an “outperform” rating on shares of Dave & Buster’s Entertainment in a report on Thursday, June 13th. UBS Group decreased their price objective on shares of Dave & Buster’s Entertainment from $66.00 to $56.00 and set a “neutral” rating for the company in a report on Wednesday, June 12th. Finally, BMO Capital Markets reduced their target price on Dave & Buster’s Entertainment from $75.00 to $65.00 and set an “outperform” rating for the company in a report on Thursday, June 13th. Four equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Dave & Buster’s Entertainment has a consensus rating of “Moderate Buy” and a consensus target price of $64.57.

Dave & Buster’s Entertainment Trading Down 0.8 %

NASDAQ:PLAY opened at $29.86 on Wednesday. The company has a market cap of $1.18 billion, a PE ratio of 12.71 and a beta of 2.14. The company has a current ratio of 0.32, a quick ratio of 0.24 and a debt-to-equity ratio of 4.41. The company has a 50 day simple moving average of $34.39 and a two-hundred day simple moving average of $47.29. Dave & Buster’s Entertainment has a 12 month low of $29.34 and a 12 month high of $69.82.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last posted its quarterly earnings data on Wednesday, June 12th. The restaurant operator reported $1.12 EPS for the quarter, missing analysts’ consensus estimates of $1.56 by ($0.44). Dave & Buster’s Entertainment had a net margin of 4.48% and a return on equity of 48.50%. The firm had revenue of $588.10 million for the quarter, compared to analysts’ expectations of $615.88 million. During the same quarter last year, the company posted $1.45 EPS. The firm’s revenue was down 1.5% compared to the same quarter last year. Research analysts forecast that Dave & Buster’s Entertainment will post 2.78 earnings per share for the current year.

Insider Buying and Selling at Dave & Buster’s Entertainment

In related news, CFO Darin Harper acquired 13,438 shares of the stock in a transaction on Wednesday, July 3rd. The stock was acquired at an average price of $38.78 per share, for a total transaction of $521,125.64. Following the completion of the purchase, the chief financial officer now owns 35,598 shares of the company’s stock, valued at $1,380,490.44. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of large investors have recently made changes to their positions in PLAY. Principal Securities Inc. bought a new position in shares of Dave & Buster’s Entertainment in the 4th quarter worth approximately $38,000. Norges Bank purchased a new stake in Dave & Buster’s Entertainment during the fourth quarter valued at approximately $7,180,000. Boulder Hill Capital Management LP bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth approximately $2,477,000. Quadrature Capital Ltd bought a new position in Dave & Buster’s Entertainment in the fourth quarter worth approximately $910,000. Finally, Sea Cliff Partners Management LP purchased a new position in shares of Dave & Buster’s Entertainment during the 4th quarter worth $16,155,000. 91.45% of the stock is currently owned by institutional investors.

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.