Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) crossed below its 50 day moving average during trading on Monday . The stock has a 50 day moving average of $29.06 and traded as low as $24.53. Dave & Buster's Entertainment shares last traded at $24.61, with a volume of 1,235,925 shares traded.
Analyst Ratings Changes
A number of equities research analysts have recently weighed in on the stock. BMO Capital Markets dropped their price target on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research report on Wednesday, December 11th. Loop Capital dropped 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 report on Thursday, December 12th. Truist Financial dropped their price target on shares of Dave & Buster's Entertainment from $36.00 to $27.00 and set a "hold" rating for the company in a research report on Thursday, January 16th. Gordon Haskett reiterated a "hold" rating and issued a $34.00 price target (down from $40.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Finally, William Blair reiterated a "market perform" rating on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and three have assigned a buy rating to the company. According to MarketBeat, the company has a consensus rating of "Hold" and an average target price of $51.43.
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Dave & Buster's Entertainment Trading Down 0.5 %
The firm has a market capitalization of $936.01 million, a price-to-earnings ratio of 12.03 and a beta of 2.17. 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 firm's 50-day simple moving average is $27.99 and its 200 day simple moving average is $32.28.
Insiders Place Their Bets
In related news, CEO Kevin M. Sheehan bought 19,025 shares of the firm's stock in a transaction on Thursday, December 19th. The shares were purchased at an average price of $26.44 per share, with a total value of $503,021.00. Following the completion of the purchase, the chief executive officer now owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their position. The acquisition was disclosed in a document filed with the SEC, which is available through this link. Insiders own 1.60% of the company's stock.
Institutional Trading of Dave & Buster's Entertainment
Several institutional investors have recently modified their holdings of the business. Bienville Capital Management LLC grew its stake in shares of Dave & Buster's Entertainment by 72.6% in the fourth quarter. Bienville Capital Management LLC now owns 134,651 shares of the restaurant operator's stock worth $3,930,000 after purchasing an additional 56,651 shares during the last quarter. Northern Trust Corp grew its stake in shares of Dave & Buster's Entertainment by 11.0% in the fourth quarter. Northern Trust Corp now owns 371,818 shares of the restaurant operator's stock worth $10,853,000 after purchasing an additional 36,785 shares during the last quarter. Parallax Volatility Advisers L.P. grew its stake in shares of Dave & Buster's Entertainment by 9.3% in the fourth quarter. Parallax Volatility Advisers L.P. now owns 7,441 shares of the restaurant operator's stock worth $217,000 after purchasing an additional 632 shares during the last quarter. Price T Rowe Associates Inc. MD grew its stake in shares of Dave & Buster's Entertainment by 9.6% in the fourth quarter. Price T Rowe Associates Inc. MD now owns 25,682 shares of the restaurant operator's stock worth $750,000 after purchasing an additional 2,244 shares during the last quarter. Finally, MetLife Investment Management LLC grew its stake in shares of Dave & Buster's Entertainment by 7.7% in the fourth quarter. MetLife Investment Management LLC now owns 20,618 shares of the restaurant operator's stock worth $602,000 after purchasing an additional 1,479 shares during the last quarter. Institutional investors own 91.45% of the company's stock.
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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