Dave & Buster's Entertainment (NASDAQ:PLAY) Shares Up 7.2% - Time to Buy?

Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report)'s stock price rose 7.2% on Monday . The company traded as high as $29.76 and last traded at $29.45. Approximately 650,517 shares traded hands during mid-day trading, a decline of 51% from the average daily volume of 1,335,766 shares. The stock had previously closed at $27.48.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Benchmark started coverage on Dave & Buster's Entertainment in a report on Monday, October 7th. They issued a "hold" rating on the stock. BMO Capital Markets dropped 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. William Blair reaffirmed a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. StockNews.com cut Dave & Buster's Entertainment from a "hold" rating to a "sell" rating in a report on Wednesday, September 11th. Finally, Loop Capital lowered their target price on Dave & Buster's Entertainment from $59.00 to $45.00 and set a "buy" rating for the company in a report on Thursday. One investment analyst has rated the stock with a sell rating, seven have assigned a hold rating and three have assigned a buy rating to the company. According to MarketBeat, Dave & Buster's Entertainment has a consensus rating of "Hold" and an average target price of $53.38.

Dave & Buster's Entertainment Stock Up 3.9 %

The business has a 50-day moving average price of $36.31 and a 200-day moving average price of $36.62. The firm has a market cap of $1.10 billion, a P/E ratio of 14.50 and a beta of 2.13. The company has a current ratio of 0.29, a quick ratio of 0.14 and a debt-to-equity ratio of 6.38.

Insider Buying and Selling at Dave & Buster's Entertainment

In other Dave & Buster's Entertainment news, CEO Christopher Daniel Morris bought 14,912 shares of Dave & Buster's Entertainment stock in a transaction on Monday, October 7th. The shares were bought at an average price of $33.67 per share, for a total transaction of $502,087.04. Following the completion of the transaction, the chief executive officer now directly owns 83,847 shares of the company's stock, valued at $2,823,128.49. This trade represents a 21.63 % increase in their ownership of the stock. The purchase was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Kevin M. Sheehan acquired 37,735 shares of the business's stock in a transaction that occurred on Thursday, December 12th. The stock was purchased at an average price of $25.48 per share, for a total transaction of $961,487.80. Following the acquisition, the chief executive officer now directly owns 139,011 shares in the company, valued at approximately $3,542,000.28. This trade represents a 37.26 % increase in their position. The disclosure for this purchase can be found here. 1.60% of the stock is owned by corporate insiders.

Institutional Investors Weigh In On Dave & Buster's Entertainment

Institutional investors and hedge funds have recently modified their holdings of the company. Eminence Capital LP grew its stake in Dave & Buster's Entertainment by 69.3% during the 2nd quarter. Eminence Capital LP now owns 3,768,476 shares of the restaurant operator's stock worth $150,023,000 after purchasing an additional 1,542,154 shares in the last quarter. Rubric Capital Management LP boosted its position in shares of Dave & Buster's Entertainment by 104.7% during the 2nd quarter. Rubric Capital Management LP now owns 1,225,000 shares of the restaurant operator's stock worth $48,767,000 after acquiring an additional 626,497 shares in the last quarter. Sea Cliff Partners Management LP boosted its position in shares of Dave & Buster's Entertainment by 90.8% during the 2nd quarter. Sea Cliff Partners Management LP now owns 515,043 shares of the restaurant operator's stock worth $20,504,000 after acquiring an additional 245,043 shares in the last quarter. Marshall Wace LLP boosted its position in shares of Dave & Buster's Entertainment by 36.2% during the 2nd quarter. Marshall Wace LLP now owns 640,096 shares of the restaurant operator's stock worth $25,482,000 after acquiring an additional 170,286 shares in the last quarter. Finally, Hennessy Advisors Inc. acquired a new position in shares of Dave & Buster's Entertainment during the 2nd quarter worth about $5,191,000. Hedge funds and other 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.