Dave & Buster’s Entertainment (NASDAQ:PLAY) Stock Price Up 3.7% – Should You Buy?

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY)’s share price traded up 3.7% during mid-day trading on Tuesday . The company traded as high as $29.56 and last traded at $29.50. 152,163 shares were traded during mid-day trading, a decline of 89% from the average session volume of 1,351,830 shares. The stock had previously closed at $28.45.

Analysts Set New Price Targets

PLAY has been the subject of several research analyst reports. StockNews.com lowered Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a report on Wednesday, September 11th. Gordon Haskett reiterated a “hold” rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster’s Entertainment in a report on Wednesday, December 11th. Loop Capital reduced 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 note on Thursday, December 12th. BMO Capital Markets lowered their target price 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. Finally, Benchmark assumed coverage on shares of Dave & Buster’s Entertainment in a report on Monday, October 7th. They set a “hold” rating for the company. One research 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. According to data from MarketBeat.com, the stock has an average rating of “Hold” and an average target price of $53.38.

Dave & Buster’s Entertainment Price Performance

The business’s 50-day simple moving average is $35.00 and its 200 day simple moving average is $34.98. The company has a market capitalization of $1.15 billion, a P/E ratio of 14.77 and a beta of 2.13. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38.

Insiders Place Their Bets

In other Dave & Buster’s Entertainment news, CEO Christopher Daniel Morris purchased 14,912 shares of the firm’s stock in a transaction on Monday, October 7th. The shares were purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the transaction, the chief executive officer now owns 83,847 shares in the company, valued at $2,823,128.49. This represents a 21.63 % increase in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Kevin M. Sheehan acquired 19,025 shares of the business’s stock in a transaction dated Thursday, December 19th. The shares were bought at an average price of $26.44 per share, with a total value of $503,021.00. Following the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at approximately $1,825,021. The trade was a 38.05 % increase in their position. The disclosure for this purchase can be found here. Insiders bought 71,672 shares of company stock worth $1,966,596 over the last ninety days. Company insiders own 1.60% of the company’s stock.

Institutional Investors Weigh In On Dave & Buster’s Entertainment

A number of institutional investors and hedge funds have recently modified their holdings of the stock. Kimelman & Baird LLC purchased a new position in Dave & Buster’s Entertainment in the 2nd quarter worth about $28,000. Quarry LP purchased a new position in shares of Dave & Buster’s Entertainment in the third quarter worth approximately $47,000. Point72 Hong Kong Ltd acquired a new stake in shares of Dave & Buster’s Entertainment during the third quarter valued at approximately $121,000. Allspring Global Investments Holdings LLC lifted its position in shares of Dave & Buster’s Entertainment by 22,338.9% in the 2nd quarter. Allspring Global Investments Holdings LLC now owns 4,039 shares of the restaurant operator’s stock valued at $161,000 after acquiring an additional 4,021 shares in the last quarter. Finally, Point72 Asia Singapore Pte. Ltd. acquired a new position in Dave & Buster’s Entertainment in the 3rd quarter worth approximately $144,000. 91.45% of the stock is owned by institutional investors and hedge funds.

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.