Dave & Buster's Entertainment (NASDAQ:PLAY) Stock Price Up 6.3% - Here's What Happened

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price rose 6.3% during mid-day trading on Monday . The stock traded as high as $27.54 and last traded at $28.22. Approximately 181,022 shares were traded during mid-day trading, a decline of 90% from the average daily volume of 1,816,077 shares. The stock had previously closed at $26.56.

Wall Street Analysts Forecast Growth

A number of equities research analysts have recently issued reports on PLAY shares. William Blair restated a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. Loop Capital decreased their price objective 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 dropped their target price 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. Benchmark started coverage on shares of Dave & Buster's Entertainment in a research note on Monday, October 7th. They issued a "hold" rating on the stock. Finally, BMO Capital Markets dropped their price objective on shares of Dave & Buster's Entertainment from $51.00 to $47.00 and set an "outperform" rating for the company in a research note on Wednesday, December 11th. One analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have given a buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Hold" and a consensus target price of $51.43.

Dave & Buster's Entertainment Stock Up 5.9 %

The firm's 50-day moving average price is $30.11 and its 200 day moving average price is $32.93. 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 company has a market capitalization of $1.08 billion, a price-to-earnings ratio of 13.91 and a beta of 2.17.

Insider Buying and Selling at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan acquired 19,025 shares of the company's stock in a transaction that occurred on Thursday, December 19th. The stock was acquired at an average cost of $26.44 per share, for a total transaction of $503,021.00. Following the transaction, the chief executive officer now directly owns 69,025 shares in the company, valued at $1,825,021. This represents a 38.05 % increase in their ownership of the stock. The acquisition was disclosed in a legal filing with the SEC, which is available through this link. Company insiders own 1.60% of the company's stock.

Institutional Inflows and Outflows

Institutional investors have recently bought and sold shares of the business. Quarry LP acquired a new position in shares of Dave & Buster's Entertainment during the third quarter worth $47,000. KBC Group NV grew its holdings in shares of Dave & Buster's Entertainment by 81.3% during the fourth quarter. KBC Group NV now owns 1,974 shares of the restaurant operator's stock worth $58,000 after purchasing an additional 885 shares during the last quarter. Point72 Hong Kong Ltd acquired a new position in shares of Dave & Buster's Entertainment in the third quarter valued at approximately $121,000. Point72 Asia Singapore Pte. Ltd. bought a new position in Dave & Buster's Entertainment in the 3rd quarter valued at approximately $144,000. Finally, Mackenzie Financial Corp acquired a new stake in Dave & Buster's Entertainment during the 2nd quarter worth approximately $207,000. Institutional investors and hedge funds 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.

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