Shares of Dave & Buster's Entertainment Inc (NASDAQ:PLAY - Get Free Report) rose 9.5% during trading on Monday . The stock traded as high as $21.30 and last traded at $21.12. Approximately 276,267 shares changed hands during mid-day trading, a decline of 81% from the average daily volume of 1,444,767 shares. The stock had previously closed at $19.30.
Analyst Ratings Changes
A number of analysts recently issued reports on PLAY shares. William Blair reissued a "market perform" rating on shares of Dave & Buster's Entertainment in a report on Wednesday, December 11th. 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 report on Thursday, January 16th. Loop Capital cut their price objective 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. Gordon Haskett restated a "hold" rating and set a $34.00 price objective (down from $40.00) on shares of Dave & Buster's Entertainment in a research report on Wednesday, December 11th. Finally, 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. One analyst has rated the stock with a sell rating, seven have issued a hold rating and two have issued a buy rating to the stock. According to data from MarketBeat.com, the company currently has an average rating of "Hold" and an average price target of $46.67.
Check Out Our Latest Stock Report on PLAY
Dave & Buster's Entertainment Stock Up 2.1 %
The business's fifty day moving average price is $25.21 and its 200 day moving average price is $30.85. The firm has a market capitalization of $735.29 million, a price-to-earnings ratio of 9.41 and a beta of 2.17. The company has a current ratio of 0.29, a quick ratio of 0.19 and a debt-to-equity ratio of 6.38.
Insider Activity
In other Dave & Buster's Entertainment news, CEO Kevin M. Sheehan bought 37,735 shares of the business's stock in a transaction dated Thursday, December 12th. The shares were acquired at an average cost of $25.48 per share, with a total value of $961,487.80. Following the acquisition, the chief executive officer now directly owns 139,011 shares of the company's stock, valued at $3,542,000.28. The trade was a 37.26 % increase in their position. The purchase was disclosed in a legal filing with the SEC, which is accessible through this link. Corporate insiders own 1.60% of the company's stock.
Hedge Funds Weigh In On Dave & Buster's Entertainment
Several institutional investors have recently bought and sold shares of PLAY. Universal Beteiligungs und Servicegesellschaft mbH purchased a new stake in shares of Dave & Buster's Entertainment during the 4th quarter worth $1,580,000. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC boosted its position in shares of Dave & Buster's Entertainment by 22.7% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 71,867 shares of the restaurant operator's stock worth $2,098,000 after buying an additional 13,309 shares in the last quarter. Woodline Partners LP purchased a new stake in shares of Dave & Buster's Entertainment in the 4th quarter worth about $6,702,000. Sapience Investments LLC boosted its position in shares of Dave & Buster's Entertainment by 49.6% in the 4th quarter. Sapience Investments LLC now owns 101,022 shares of the restaurant operator's stock worth $2,949,000 after buying an additional 33,508 shares in the last quarter. Finally, ProShare Advisors LLC boosted its position in shares of Dave & Buster's Entertainment by 44.5% in the 4th quarter. ProShare Advisors LLC now owns 9,728 shares of the restaurant operator's stock worth $284,000 after buying an additional 2,996 shares in the last quarter. 91.45% of the stock is owned by institutional investors and hedge funds.
Dave & Buster's Entertainment Company Profile
(
Get Free Report)
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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