Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price gapped down before the market opened 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 traded.
Wall Street Analyst Weigh In
PLAY has been the subject of a number of recent research reports. Loop Capital decreased their price target on shares of Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a research note on Thursday, December 12th. Gordon Haskett restated a "hold" rating and issued a $34.00 target price (down previously from $40.00) on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Benchmark started coverage on shares of Dave & Buster's Entertainment in a research note on Monday, October 7th. They issued a "hold" rating for the company. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a research note on Wednesday, December 11th. Finally, Truist Financial reduced their target price on shares of 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of "Hold" and an average target price of $52.25.
Read Our Latest Research Report on PLAY
Dave & Buster's Entertainment Price Performance
The company has a debt-to-equity ratio of 6.38, a current ratio of 0.29 and a quick ratio of 0.19. The company's 50 day moving average is $30.87 and its 200 day moving average is $33.42. The stock has a market cap of $1.06 billion, a price-to-earnings ratio of 13.61 and a beta of 2.17.
Insider Activity at Dave & Buster's Entertainment
In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan bought 19,025 shares of the company's stock in a transaction on Thursday, December 19th. The stock was purchased at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the acquisition, the chief executive officer now 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 acquisition was disclosed in a document filed with the SEC, which is available through the SEC website. Company insiders own 1.60% of the company's stock.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Hedge funds have recently added to or reduced their stakes in the business. Dimensional Fund Advisors LP lifted its position in Dave & Buster's Entertainment by 2.2% during the second quarter. Dimensional Fund Advisors LP now owns 1,144,268 shares of the restaurant operator's stock valued at $45,553,000 after buying an additional 25,138 shares in the last quarter. Marshall Wace LLP raised its holdings in shares of Dave & Buster's Entertainment by 36.2% during the second quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator's stock worth $25,482,000 after purchasing an additional 170,286 shares during the period. Sea Cliff Partners Management LP raised its holdings in shares of Dave & Buster's Entertainment by 90.8% during the second quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator's stock worth $20,504,000 after purchasing an additional 245,043 shares during the period. Charles Schwab Investment Management Inc. raised its holdings in shares of Dave & Buster's Entertainment by 3.4% during the third quarter. Charles Schwab Investment Management Inc. now owns 462,191 shares of the restaurant operator's stock worth $15,738,000 after purchasing an additional 15,015 shares during the period. Finally, SG Americas Securities LLC increased its holdings in shares of Dave & Buster's Entertainment by 1,100.8% in the 4th quarter. SG Americas Securities LLC now owns 424,967 shares of the restaurant operator's stock worth $12,405,000 after acquiring an additional 389,577 shares during the period. 91.45% of the stock is currently owned by hedge funds and other institutional investors.
About Dave & Buster's Entertainment
(
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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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