Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) CEO Christopher Daniel Morris Buys 14,912 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) 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) 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

PLAY has been the subject of several recent research reports. StockNews.com cut Dave & Buster’s Entertainment from a “hold” rating to a “sell” rating in a research note on Wednesday, September 11th. Truist Financial dropped their price target 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. UBS Group reduced 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 research note on Wednesday, June 12th. Loop Capital lowered their target price on shares of Dave & Buster’s Entertainment from $63.00 to $59.00 and set a “buy” rating on the stock in a research report on Thursday, September 12th. Finally, Benchmark started coverage on Dave & Buster’s Entertainment in a research report on Monday. They issued a “hold” rating for the company. One investment analyst has rated the stock with a sell rating, four have assigned a hold rating and five have given a buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of “Hold” and an average price target of $62.57.

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.