Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) SVP John Mulleady Sells 7,500 Shares

Dave & Buster’s Entertainment Inc (NASDAQ:PLAY) SVP John Mulleady sold 7,500 shares of the business’s stock in a transaction that occurred on Friday, September 15th. The shares were sold at an average price of $36.40, for a total value of $273,000.00. Following the completion of the transaction, the senior vice president now directly owns 68,312 shares of the company’s stock, valued at $2,486,556.80. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website.

Dave & Buster’s Entertainment Stock Performance

Shares of NASDAQ:PLAY opened at $36.57 on Friday. The business’s 50 day moving average price is $41.62 and its 200-day moving average price is $38.57. Dave & Buster’s Entertainment Inc has a 1 year low of $30.36 and a 1 year high of $47.29. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.49 and a quick ratio of 0.39. The firm has a market capitalization of $1.57 billion, a PE ratio of 12.65 and a beta of 2.01.

Dave & Buster’s Entertainment (NASDAQ:PLAY) last released its earnings results on Wednesday, September 6th. The restaurant operator reported $0.94 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.95 by ($0.01). The business had revenue of $542.10 million for the quarter, compared to analysts’ expectations of $558.41 million. Dave & Buster’s Entertainment had a return on equity of 42.07% and a net margin of 6.27%. Dave & Buster’s Entertainment’s quarterly revenue was up 15.7% compared to the same quarter last year. During the same period in the previous year, the company earned $0.61 EPS. As a group, equities research analysts expect that Dave & Buster’s Entertainment Inc will post 3.29 earnings per share for the current fiscal year.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on PLAY shares. Citigroup increased their price target on shares of Dave & Buster’s Entertainment to $56.50 in a report on Tuesday, June 27th. UBS Group dropped their target price on Dave & Buster’s Entertainment from $50.00 to $43.00 and set a “neutral” rating on the stock in a research report on Thursday, September 7th. Piper Sandler started coverage on Dave & Buster’s Entertainment in a report on Monday, July 17th. They issued an “overweight” rating and a $56.00 price target for the company. Raymond James lowered Dave & Buster’s Entertainment from a “strong-buy” rating to an “outperform” rating and dropped their price objective for the company from $60.00 to $55.00 in a report on Thursday, September 7th. Finally, StockNews.com assumed coverage on Dave & Buster’s Entertainment in a research note on Thursday, August 17th. They set a “hold” rating for the company. Two equities research analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $52.93.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently made changes to their positions in the stock. Parkside Financial Bank & Trust lifted its position in Dave & Buster’s Entertainment by 381.2% during the first quarter. Parkside Financial Bank & Trust now owns 717 shares of the restaurant operator’s stock worth $26,000 after buying an additional 568 shares in the last quarter. Financial Management Professionals Inc. acquired a new position in shares of Dave & Buster’s Entertainment during the 2nd quarter valued at about $30,000. Lazard Asset Management LLC purchased a new stake in shares of Dave & Buster’s Entertainment in the first quarter valued at about $32,000. Dark Forest Capital Management LP acquired a new stake in Dave & Buster’s Entertainment during the fourth quarter worth about $36,000. Finally, Exchange Traded Concepts LLC purchased a new position in Dave & Buster’s Entertainment during the second quarter worth about $47,000. 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.