Dave & Buster’s Entertainment Inc (NASDAQ:PLAY – Get Free Report) CEO Christopher Daniel Morris bought 14,912 shares of the stock in a transaction on Monday, October 7th. The stock was purchased at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the purchase, the chief executive officer now directly owns 83,847 shares of the company’s stock, valued at approximately $2,823,128.49. This represents a 0.00 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link.
Dave & Buster’s Entertainment Stock Performance
Shares of Dave & Buster’s Entertainment stock traded up $0.35 during trading on Wednesday, reaching $31.95. The company’s stock had a trading volume of 1,416,639 shares, compared to its average volume of 1,257,534. Dave & Buster’s Entertainment Inc has a one year low of $29.31 and a one year high of $69.82. The company has a debt-to-equity ratio of 4.54, a quick ratio of 0.14 and a current ratio of 0.24. The firm has a market cap of $1.26 billion, a price-to-earnings ratio of 13.45 and a beta of 2.15. The business’s fifty day moving average price is $32.29 and its 200-day moving average price is $43.10.
Dave & Buster’s Entertainment (NASDAQ:PLAY – Get Free Report) last posted its quarterly earnings data on Tuesday, September 10th. The restaurant operator reported $1.12 earnings per share for the quarter, beating the consensus estimate of $0.84 by $0.28. Dave & Buster’s Entertainment had a return on equity of 51.75% and a net margin of 5.10%. The company had revenue of $557.10 million during the quarter, compared to analysts’ expectations of $560.65 million. During the same period in the prior year, the business earned $0.94 earnings per share. Dave & Buster’s Entertainment’s revenue for the quarter was up 2.8% compared to the same quarter last year. As a group, equities research analysts predict that Dave & Buster’s Entertainment Inc will post 2.7 earnings per share for the current year.
Analyst Upgrades and Downgrades
Check Out Our Latest Stock Report on PLAY
Institutional Trading of Dave & Buster’s Entertainment
Several hedge funds and other institutional investors have recently bought and sold shares of the stock. Eminence Capital LP increased its position in shares of Dave & Buster’s Entertainment by 69.3% during the second quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator’s stock valued at $150,023,000 after purchasing an additional 1,542,154 shares during the period. Wolf Hill Capital Management LP bought a new stake in Dave & Buster’s Entertainment in the 4th quarter valued at $72,730,000. Coronation Fund Managers Ltd. raised its stake in shares of Dave & Buster’s Entertainment by 273.6% in the 1st quarter. Coronation Fund Managers Ltd. now owns 1,005,479 shares of the restaurant operator’s stock valued at $62,943,000 after buying an additional 736,345 shares in the last quarter. Rubric Capital Management LP lifted its holdings in shares of Dave & Buster’s Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator’s stock worth $48,767,000 after acquiring an additional 626,497 shares during the period. Finally, National Bank of Canada FI acquired a new stake in shares of Dave & Buster’s Entertainment during the 1st quarter valued at about $31,300,000. 91.45% of the stock is currently 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.
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