Dave & Buster’s Entertainment (NASDAQ:PLAY) Shares Gap Down – Here’s What Happened

Dave & Buster’s Entertainment Inc (NASDAQ:PLAYGet Free Report) shares gapped down prior to trading on Friday . The stock had previously closed at $28.84, but opened at $28.22. Dave & Buster’s Entertainment shares last traded at $28.49, with a volume of 95,242 shares trading hands.

Analyst Upgrades and Downgrades

Several research firms have recently weighed in on PLAY. Truist Financial lowered their price objective on shares of Dave & Buster’s Entertainment from $36.00 to $27.00 and set a “hold” rating on the stock in a research note on Thursday, January 16th. BMO Capital Markets dropped their price objective on Dave & Buster’s Entertainment from $51.00 to $47.00 and set an “outperform” rating on the stock in a research note on Wednesday, December 11th. William Blair reiterated a “market perform” rating on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Gordon Haskett restated a “hold” rating and issued a $34.00 price target (down previously from $40.00) on shares of Dave & Buster’s Entertainment in a research note on Wednesday, December 11th. Finally, Loop Capital reduced their price objective on shares of Dave & Buster’s Entertainment from $59.00 to $45.00 and set a “buy” rating for the company in a research report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Hold” and a consensus price target of $51.43.

Get Our Latest Report on Dave & Buster’s Entertainment

Dave & Buster’s Entertainment Trading Down 4.6 %

The company has a debt-to-equity ratio of 6.38, a quick ratio of 0.19 and a current ratio of 0.29. The stock has a market capitalization of $1.06 billion, a price-to-earnings ratio of 13.61 and a beta of 2.17. The business has a fifty day simple moving average of $30.87 and a 200 day simple moving average of $33.42.

Insider Activity at Dave & Buster’s Entertainment

In other Dave & Buster’s Entertainment news, CEO Kevin M. Sheehan purchased 19,025 shares of the company’s stock in a transaction dated Thursday, December 19th. The stock was bought at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the completion of the transaction, 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 ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available through this link. 1.60% of the stock is currently owned by corporate insiders.

Hedge Funds Weigh In On Dave & Buster’s Entertainment

Hedge funds have recently added to or reduced their stakes in the stock. Kimelman & Baird LLC bought a new stake in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at $28,000. Quarry LP acquired a new position in Dave & Buster’s Entertainment in the third quarter valued at about $47,000. KBC Group NV lifted its position in Dave & Buster’s Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator’s stock worth $58,000 after purchasing an additional 885 shares during the period. Point72 Hong Kong Ltd acquired a new stake in Dave & Buster’s Entertainment during the third quarter worth about $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster’s Entertainment in the 3rd quarter valued at about $144,000. Institutional investors own 91.45% of the company’s stock.

Dave & Buster’s Entertainment Company Profile

(Get Free Report)

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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