Dave & Buster's Entertainment (NASDAQ:PLAY) Hits New 1-Year Low - Here's What Happened

Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) hit a new 52-week low on Wednesday . The stock traded as low as $22.59 and last traded at $22.83, with a volume of 133372 shares trading hands. The stock had previously closed at $22.98.

Wall Street Analysts Forecast Growth

Several brokerages have recently weighed in on PLAY. William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Truist Financial decreased their price target on Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research note on Thursday, January 16th. Gordon Haskett reissued 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. Loop Capital cut their target price on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating on the stock in a research report on Thursday, December 12th. Finally, 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 research report on Wednesday, December 11th. One equities research analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the stock. According to MarketBeat, the company has an average rating of "Hold" and a consensus target price of $51.43.

Dave & Buster's Entertainment Trading Down 2.1 %

The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38. The firm has a 50-day moving average of $26.59 and a 200 day moving average of $31.49. The company has a market cap of $804.33 million, a P/E ratio of 10.34 and a beta of 2.17.

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Insiders Place Their Bets

In other news, CEO Kevin M. Sheehan purchased 37,735 shares of the business's stock in a transaction on Thursday, December 12th. The shares were acquired at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the completion of the acquisition, the chief executive officer now owns 139,011 shares in the company, valued at approximately $3,542,000.28. The trade was a 37.26 % increase in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors and hedge funds have recently added to or reduced their stakes in the company. Quarry LP bought a new position in Dave & Buster's Entertainment in the third quarter worth approximately $47,000. SBI Securities Co. Ltd. bought a new position in Dave & Buster's Entertainment in the fourth quarter worth approximately $47,000. KBC Group NV boosted its holdings in Dave & Buster's Entertainment by 81.3% in the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after acquiring an additional 885 shares in the last quarter. Point72 Hong Kong Ltd bought a new position in Dave & Buster's Entertainment in the third quarter worth approximately $121,000. Finally, Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster's Entertainment in the third quarter worth approximately $144,000. Institutional investors own 91.45% of the company's stock.

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.