Dave & Buster's Entertainment (NASDAQ:PLAY) Hits New 52-Week Low - Here's What Happened

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price reached a new 52-week low on Tuesday . The stock traded as low as $19.07 and last traded at $19.14, with a volume of 2096030 shares trading hands. The stock had previously closed at $20.89.

Wall Street Analyst Weigh In

Several research analysts recently issued reports on the stock. Gordon Haskett reissued a "hold" rating and set a $34.00 target price (down from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Loop Capital cut their price target on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating on the stock in a report on Thursday, December 12th. Truist Financial decreased their price objective on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a report on Thursday, January 16th. BMO Capital Markets cut their target price on Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating on the stock in a report on Wednesday, December 11th. Finally, William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have assigned a buy rating to the company's stock. According to MarketBeat, the company currently has a consensus rating of "Hold" and an average price target of $46.67.

Dave & Buster's Entertainment Stock Performance

The company's 50-day simple moving average is $25.77 and its 200 day simple moving average is $31.14. The stock has a market cap of $743.11 million, a P/E ratio of 9.55 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.

Remove Ads

Insider Buying and Selling

In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of the stock in a transaction on Thursday, December 19th. The shares were acquired at an average price of $26.44 per share, with a total value of $503,021.00. Following the acquisition, the chief executive officer now directly owns 69,025 shares of the company's stock, valued at $1,825,021. The trade was a 38.05 % increase in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 1.60% of the stock is currently owned by insiders.

Hedge Funds Weigh In On Dave & Buster's Entertainment

Large investors have recently made changes to their positions in the stock. Easterly Investment Partners LLC purchased a new stake in Dave & Buster's Entertainment during the 3rd quarter worth about $1,176,000. GDS Wealth Management increased its position in shares of Dave & Buster's Entertainment by 3.3% during the third quarter. GDS Wealth Management now owns 15,202 shares of the restaurant operator's stock valued at $518,000 after buying an additional 488 shares during the period. LMR Partners LLP purchased a new stake in shares of Dave & Buster's Entertainment in the third quarter worth about $3,167,000. Connor Clark & Lunn Investment Management Ltd. bought a new position in shares of Dave & Buster's Entertainment in the third quarter valued at approximately $1,949,000. Finally, Intech Investment Management LLC grew its stake in Dave & Buster's Entertainment by 171.4% during the third quarter. Intech Investment Management LLC now owns 21,456 shares of the restaurant operator's stock valued at $731,000 after acquiring an additional 13,550 shares in the last quarter. 91.45% of the stock is owned by institutional investors.

Dave & Buster's Entertainment Company Profile

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.